By clicking on the link below you can view our financial policies. If you need additional information, feel free to contact Stephen Fields, Town manager via email sfields@hermonmaine.gov, or by phone at 207-848-1010.

Investment Policy 2015

Taxes & Tax Collector

The Town’s tax and fiscal year runs from July 1 to June 30.

The 2026 taxes are due in two equal payments as set by the Hermon Town Council. All taxes paid after April 01, 2027 will accrue interest at a rate of 7.0% per year.

Payment 1: 10/01/2026

Payment 2: 04/01/2026

Hermon’s mill rate for the 2026 taxes has been set at $12.60 per $1,000.

Town Bond Rating Information

A bond rating is a determination of the amount of risk that a borrower is. This is determined by several factors such as discussions with staff, a thorough review of financials, total indebtedness, and many others. The culmination of these factors is a bond rating. The bond rating of any borrowing entity can influence, among other things, the interest rate when the decision to borrow is made. Hermon’s current bond rating is “AA-“, which puts the Town in a very strong position to borrow with low interest rates. If you would like more information on bond rating, we’ve attached a list of the ratings as well as Hermon’s current bond rating report.

Bond Rating Information

Town Of Hermon Bond Rating Letter

Town Of Hermon Bond Rating Report