Did you know that the homestead exemption provides a reduction of up to $20,000 in the value of a home for property tax purposes? To qualify, the applicant must:

  • be a permanent resident of Maine
  • the home must be the applicant’s permanent residence
  • the applicant must have owned a home in Maine for the twelve months prior to applying
  • an application must be filed on or before April 1 with the municipality where the property is located (only need to file once).

 

To learn more about the Maine Revenue Services Homestead Exemption process, click here.

To download the Homestead Exemption Application, click here.

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This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.