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Bruce Poliquin - Tree Growth Program
Summary
In July of 2001, Bruce Poliquin purchased roughly 10 acres of property in Georgetown which he uses for his private residence. In 2004, he enrolled the property in Maine's Tree Growth Program. This program allows the owner of the property to pay state property taxes only on the value of the timber harvested from the land and not on the full value. It also requires that the owner file a land management plan to detail how the property is being used for timber purposes.
Despite enrolling his property in this program, State Treasurer Poliquin has done no logging on the property. The 2001 deed, also explicitely forbids logging of the property and allows trees to be cut only to improve the view. In 2009, a Maine Forest Service report specifically called out State Treasurer Poliquin's property as a likely abuser of the program as there were no roads leading to the property that could be used for logging and no apparent intent to log any section of the property has been noted.
From 2004 to 2012, State Treasurer Poliquin paid taxes only on the roughly $3,000 value of timber and not on the value of the property. This value ranged in reports and times from $1.75 million to $943,000. In 2004, it was apparently valued at $1.75 million and use of the property in the program allowed Poliquin to pay taxes on only $750,000. The amount saved by Mr Poliquin on taxes was calculated by one paper at $30,000 a year.
In 2012, the issue has become a controversy for Mr Poliquin again and he has dodged questions in public appearances related to the matter. In March of 2012, he applied to move the property from the Tree Growth Program to the Open Space Program. This move would prevent Mr Poliquin from paying fees associated with leaving the program and still take advantage of a large property tax break.
2009 Maine Forest Service Report
In January of 2009, the Maine Forest Service issued a report on the Maine Tree Growth Program and the lack of enforcement in the regulations by the local communities. In that report, Bruce Poliquin's property was cited as one of the likely violators of the program.
Restrictions on Tree Use
In February of 2012, Zimbio reported that the deed for the property as sold to Treasurer Poliquin explicitely stated that trees could be chopped down only for viewing purposes.
Town Hall Question
At a town hall event in February of 2012, State Treasurer Poliquin was asked about his enrollment in the program and if he would be willing to release his land management plan. Treasurer Poliquin's response is to frame the question as an attack and he then moves on.
Enrollment in Open Space Program
In March of 2012, Treasurer Poliquin applied with the Georgetown Board of Selectmen to withdraw his land from the Maine Tree Growth Tax Law program and enroll it into the Open Space program. In reporting this move, BDN Maine stated that Mr Poliquin would avoid a penalty that would have been enforced if he simply removed the property from the program. It also stated that the new program would give him a 50 percent tax discount off the most recent valuation of the property of $943,000. However, this abatement would be far less than Poliquin received under the Tree Growth program, which had allowed the treasurer to pay about $30 a year on the 10-acre parcel. The paper claimed that the normal rate for that property would be closer to $30,000 every year. A rate he has not paid since he enrolled the property in the program in 2004.