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Vol. 2026 · Bill Detail · Special Edition

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Wednesday, September 2, 2026

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ME · LD7INTRO · 5 COSPONSORS

An Act to Increase the Homestead Property Tax Exemption for Residents 65 Years of Age or Older

Also relevant to:Homeowner
Where it is in the process
Plain-English Summary

This bill increases the homestead property tax exemption for Maine residents aged 65 or older. If passed, the exemption for these residents who have lived in their home for at least 10 years would rise from $25,000 to $75,000, starting April 1, 2025. The state would also reimburse municipalities for 76% of the taxes lost due to this increased exemption.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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