Bill > LD432

This bill proposes a constitutional amendment that would allow Maine municipalities to apportion real and personal property taxes based on property classification, starting April 1, 2027. Currently, the state constitution requires that all taxes on real and personal property be assessed equally according to their just value. The proposed amendment would create an exception to this rule, giving municipalities the flexibility to categorize and tax properties differently based on their classification, as defined by future legislative statute. If approved, the amendment would be put to a statewide voter referendum during the November election following the bill's passage. Voters will be asked to vote "Yes" or "No" on the question of allowing municipalities to apportion property taxes by classification. If a majority of voters approve the amendment, the Governor will proclaim its adoption, and it will become part of the Maine Constitution on the date of that proclamation. The Secretary of State will be responsible for preparing and distributing the necessary ballots and election materials for this referendum.

Budget and Finance

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=432&snum=132