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ME LD708

ME LD708
An Act To Increase the Homestead Exemption to $50,000


summary

Introduced
03/02/2021
In Committee
03/02/2021
Crossed Over
Passed
Dead
06/07/2021

Introduced Session

130th Legislature

Bill Summary

This bill increases the property tax exemption for homesteads from $25,000 to $50,000 for property tax years beginning on or after April 1, 2021.

AI Summary

This bill increases the property tax exemption for homesteads from $25,000 to $50,000 for property tax years beginning on or after April 1, 2021. The homestead exemption is a type of property tax relief that allows eligible homeowners to exempt a portion of their home's value from property taxes.

Committee Categories

Budget and Finance

Sponsors (9)

Last Action

Placed in Legislative Files (DEAD) (on 06/07/2021)

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