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132nd MAINE LEGISLATURE
FIRST REGULAR SESSION-2025
Legislative Document No. 658H.P. 426House of Representatives, February 25, 2025
An Act to Lower Property Taxes by Increasing the Homestead
Property Tax Exemption
Received by the Clerk of the House on February 20, 2025. Referred to the Committee on
Taxation pursuant to Joint Rule 308.2 and ordered printed pursuant to Joint Rule 401.
ROBERT B. HUNT
Clerk
Presented by Representative FAULKINGHAM of Winter Harbor.
Cosponsored by Senator BICKFORD of Androscoggin and
Representatives: BAGSHAW of Windham, EDER of Waterboro, GREENWOOD of Wales,
GRIFFIN of Levant, LYMAN of Livermore Falls, PARRY of Arundel, RUDNICKI of
Fairfield, SMITH of Palermo. Page 1 - 132LR0758(01)
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2 as amended by PL 2019, c. 343, Pt. H, ยง2, is
3 further amended to read:
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5 1 is eligible for an additional exemption of $5,000 of the just value of the homestead for
6 property tax years beginning on April 1, 2016, $10,000 of the just value of the homestead
7 for property tax years beginning on April 1, 2017, April 1, 2018 and April 1, 2019, and
8 $15,000 of the just value of the homestead for property tax years beginning on or after
9 April 1, 2020, April 1, 2021, April 1, 2022, April 1, 2023 and April 1, 2024 and $40,000
10 of the just value of the homestead for property tax years beginning on or after April 1, 2025.
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12 This bill increases the property tax exemption for a homestead from $25,000 to $50,000
13 of the just value of the homestead for property tax years beginning on or after April 1, 2025.
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