Question: What is a homestead exemption?

 In

Answer:

The homestead exemption is a Main 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 $15,000 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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