An Act to Implement Certain Preliminary Recommendations of the Real Estate Property Tax Relief Task Force and to Make Other Changes to Tax Law

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Plain-English Summary

This bill increases the property tax fairness credit for Maine residents under 65 years old from $1,000 to $1,500, starting in 2026. It also allows the Real Estate Property Tax Relief Task Force to meet more often in 2026. Additionally, the bill requires the Bureau of Revenue Services to survey assessors about the Maine Tree Growth Tax Law and report its findings by January 15, 2027.

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