Bill > LD1610

This bill proposes a constitutional amendment to the Maine State Constitution that would allow the state Legislature to authorize municipalities to set different property tax rates based on property use. Specifically, municipalities would be able to apply distinct tax rates for three categories of real property: homestead residences (primary homes), non-homestead residences (such as vacation homes or rental properties), and commercial properties. The amendment would modify the existing constitutional provision that currently requires property taxes to be assessed equally across all types of property. If approved by voters in a statewide referendum, the amendment would give local governments more flexibility in structuring their property tax systems, potentially allowing for targeted tax policies that could provide relief for homeowners or adjust rates to reflect different economic uses of real estate. The proposed change would be placed on the ballot in the November election following the resolution's passage, with voters deciding whether to approve the constitutional amendment by voting "Yes" or "No".

Budget and Finance

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1610&snum=132