Maine Property Tax Exemptions

Maine Property Tax Exemptions

Certain categories of property enjoy legal tax exemption in Maine. To qualify, applications must be submitted to the local town office where the property is situated. Claims for exemption may require supplemental information to support the request, and must be submitted to the town's Assessor's office no later than April 1.

Partial exemption from property tax is connected to the following classifications:

Homestead Exemption - This initiative offers a form of property tax relief for specific individuals who have owned property in Maine for a minimum of 12 months and declare the property they inhabit on April 1 as their permanent residence. Property owners would be granted an exemption of $25,000. This amount may adjusted based on the municipality's certified assessment ratio.

Access the Homestead Exemption Application (PDF).

Read Maine's Homestead Exemption FAQs.

Renewable Energy Investment Exemption - This program grants an exemption from property tax to renewable energy equipment, such as solar panels, starting April 1, 2020. Taxpayers need to submit an application for the credit by April 1 of the initial year the exemption is sought.

Access the Renewable Energy Investment Exemption Application (PDF).

Veteran Exemption - A veteran who served during a recognized war period and is 62 years or older; or is receiving 100% disability as a veteran; or became 100% disabled while serving, qualifies for a $6,000 exemption. This amount may adjusted based on the municipality's certified assessment ratio.

Access the Veteran Exemption Application (PDF) and review the Flowchart of Veteran's Exemption Qualifications (PDF).

In 2022, the Maine Legislature implemented an extended benefit for veterans through the Property Tax Fairness credit. Although this benefit is tied to the property tax paid by veterans, its administration is through individual income tax. For further details, refer to Maine's Property Tax Fairness credit page.

Paraplegic Veteran - A veteran who obtained a federal grant for a specially adapted housing unit may be eligible for a $50,000 exemption. This amount may adjusted based on the municipality's certified assessment ratio.

Access the Veteran Exemption Application (PDF).

Blind Exemption - An individual officially recognized as legally blind is entitled to a $4,000 exemption. This amount may adjusted based on the municipality's certified assessment ratio.

Access the Blind Exemption Application (PDF).

Business Equipment Tax Exemption - 36 M.R.S. §§ 691 - 700-B.

For further information, consult 36 M.R.S. §§ 651 - 684.

Also Worth Reviewing

The State Property Tax Deferral Program - This program is a loan initiative designed to assist Maine residents aged 65 and above or those with permanent disabilities who struggle to independently meet their annual property tax obligations. This allows certain individuals to defer or postpone their payment of property taxes on their primary home until they pass away, move, or sell the property. To be eligible for this there are certain requirements you must meet, including being at least 65 or unable to work due to disability. Repayment of the loan is required when the property is sold or becomes part of an estate.

Access the State Property Tax Deferral Program FAQ

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