The homestead exemption provides a reduction of up to $25,000 in the value of your home for property tax purposes. To qualify, you must be a permanent resident of Maine, the home must be your permanent residence, you must have owned a home in Maine for the twelve months prior to applying and an application must be filed on or before April 1 with the municipality where the property is located. The exemption applies to any residential property that is assessed as real property. For instance, a mobile home located on a rented lot may qualify for the exemption.
No. Once the exemption has been approved, it will remain in effect as long as your ownership and residency status remain unchanged.
No. The homestead exemption is limited to only your primary residence; camps, vacation homes, and second residences do not qualify. If you also qualify for a veteran or blind exemption, you may receive the homestead exemption in addition to those exemptions.
Below is a link to the Maine State Revenue page regarding Homestead Exemptions AND a downloadable PDF application for the exemption.
Forms filed after April 1 of any year will apply to the next year’s tax assessment.
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