We are always looking for new ways to lower our monthly nut! This rings true when it comes to property taxes. I hope this information helps our Mainer’s. Homestead Exemption – This program provides a measure of property tax relief for certain individuals that have owned homestead property in Maine for at least twelve months and make the property they occupy on April first their permanent residence. Property owners would receive an exemption of $10,000. To obtain an application, please visit www.maine.gov and click on the link Property Tax on the left, then clink on the link Property Tax Exemptions. There you can download the Homestead application and save money.
To our Veterans, you too can save money with the Veteran Exemption. A veteran who served during a recognized war period and is 62 years or older; or is receiving 100 percent disability as a veteran; or, became 100 percent disabled while serving, is eligible for $6,000. Veteran Exemption application is located on the same page described above.
For more information about other ways to save on your property taxes please utilize the State of Maine’s website as well as for general information about our great State of Maine.
It’s best to surround yourself with the right team of professionals that can continuously give you the right advice for all your circumstances. Please call a local realtor for all your real estate needs no matter how big or small. We are trained professionals here to make your life easier.
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