Provides an additional $75,000 homestead property tax exemption for Maine residents based on income.
This bill amends the Maine Revised Statutes to provide an additional homestead property tax exemption of $75,000 for eligible homeowners beginning with property tax years starting on April 1, 2026. Eligibility for this additional exemption is based on the individual's federal adjusted gross income from the prior tax year, with different income thresholds for various filing statuses.
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