Answer:The homestead exemption is a Maine State program that provides a measure of property tax relief for certain individuals that have owned homestead property in Maine for at least 12 months and make the property they occupy on April 1 their permanent residence. Property owners would receive an exemption of up to $25,000 on the tax assessed value. For more information please visit Maine Revenue Services: http://www.maine.gov/revenue/faq/homestead_faq.html
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The homestead exemption is a Maine State program that provides a measure of property tax relief for certain individuals that have owned homestead property in Maine for at least 12 months and make the property they occupy on April 1 their permanent residence. Property owners would receive an exemption of up to $25,000 on the tax assessed value. For more information please visit Maine Revenue Services: http://www.maine.gov/revenue/faq/homestead_faq.html
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