Gorham Battery Storage Facility Tax Status Clarified
The Gorham battery storage facility is subject to real estate taxes, contrary to recent rumors. It has an assessed real estate value of $47.2 million and will contribute $698,598.48 in taxes for the 2025-2026 fiscal year.
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The Gorham battery farm, operated by Cross Town Energy Storage LLC, is assessed at $47.2 million and will pay $698,598.48 in real estate taxes for the 2025-2026 fiscal year. Located in Gorham Industrial Park, the facility utilizes lithium-ion technology to store energy during low-demand periods for use during peak times.
Despite its personal property valuation of $85.6 million being exempt from local taxation under Maine law, the state reimburses Gorham for half of the lost revenue through the Business Equipment Tax Exemption Program. The Gorham tax rate for this fiscal year is set at $14.80 per $1,000 of valuation.
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