What is the homestead exemption?

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. 

You may access the application online at https://www.maine.gov/revenue/faq/homestead-exemption-program and then turn it into your the town office where you own the home. 

If you would like us to email you a copy, just reach out! 

~ Ann