The Maine Veterans’ Property Tax Exemption

Reducing Property Taxes The Maine Veterans’ Property Tax Exemption

Get the Lowdown on the Maine Veterans’ Property Tax Exemption

If you’re a veteran, you may be eligible for the Maine veterans’ property tax exemption, which would help you pay property taxes. With an average tax rate of 1.30%, Maine is definitely not one of the states with low property taxes

To put this in perspective, an average Maine citizen pays around $2,590 in property taxes per year. This is why the veterans’ property tax exemption and other tax relief programs can be valuable for saving money.

This article will give you an insight into the requirements for the veteran exemption, provide a guide for the application process, and give tips on lowering your property taxes.


Property Taxes in Maine Explained

Even though Maine’s average tax rate is 1.30%, the rate in your county could be considerably higher. The amount you need to pay in property taxes is calculated by multiplying the local tax rate with the assessed value of your property.

Here’s an overview of tax rates in different Maine counties:

Maine Counties With the Highest Tax Rates Average Property Tax Rate Maine Counties With the Lowest Tax Rates Average Property Tax Rate
Androscoggin County 1.71% Hancock County 1.00%
Aroostook County 1.46% Lincoln County 1.08%
Penobscot County 1.45% Piscataquis County 1.24%

The local authorities use the property tax payments to fund various services, such as libraries, public schools, and law enforcement departments.

Understanding the Veteran Exemptions in Maine

Maine veterans who served on active duty in the U.S. Armed Forces can apply for two veteran exemptions:

  1. Veteran exemption
  2. Paraplegic veteran exemption

To qualify, you need to fulfill the following requirements:

Requirements

Details

General requirements
  • Serving in the U.S. military during a recognized period or having an Armed Forces Expeditionary medal
  • Being at least 62 years of age or receiving a total disability pension from the U.S. government
Recognized war periods
  1. World War I:
    • From April 6, 1917 to November 11, 1918
    • Service in Russia from April 6, 1917 to March 31, 1920
  2. World War II:
    • From December 7, 1941 to December 31, 1946
  3. Korean Conflict—from June 27, 1950 to January 31, 1955
  4. Vietnam Era—from February 28, 1961 to May 7, 1975
  5. Persian Gulf War:
    • From August 2, 1990 to the date that the U.S. government recognizes as the end of the Persian Gulf War
    • Operation Enduring Freedom
    • Operation Iraqi Freedom
    • Operation New Dawn
Other recognized service periods
  • From August 24, 1982 to July 31, 1984
  • From December 20, 1989 to January 31, 1990

The exempt amount you can expect is:

  • $7,000 for the World War I service
  • $6,000 for post World War I service
  • $50,000 for paraplegic veterans who receive a federal grant for a specially adapted housing unit

What if I Don’t Qualify for the Maine Veteran Property Tax Exemption?

In case you’re not eligible for the veteran property tax exemption, you can try your luck with other Maine exemptions. Check out the breakdown of the property tax exemptions Maine offers in the table below:

Property Tax Exemption

Brief Explanation

Homestead exemption You may qualify for the homestead exemption of $25,000 if you:

  • Live in and own property that is your primary residence (homestead)
  • Own the property for a minimum of 12 months
  • Make the property your permanent residence before the application due date
Renewable energy investment exemption If you qualify for this exemption, the program will exempt certain renewable energy equipment you own, such as solar panels
Blind exemption A person who is determined legally blind is eligible for this exemption and can receive $4,000
Business equipment tax exemption This is a 100% property tax exemption program for eligible properties that would have been first subject to tax on or after April 1, 2008

Maine also offers a municipal property tax deferral for senior citizens. This is an optional program, which means that not all municipalities enact it. To be eligible for this program, you need to:

  • Be a 70-year-old senior citizen
  • Own your primary residence
  • Live in your homestead property for at least ten years
  • Have a household income that doesn’t exceed 300% of the federal poverty level

Apply for Maine Property Tax Exemptions With the Help of DoNotPay

We can assist you in managing your taxes by generating a personalized guide on property taxes! Our app will provide all the info you need and guide you every step of the way until you reduce your tax bill.

DoNotPay’s special guide consists of:

Property Tax Exemptions Property Assessment Appeals
  • Exemptions you are eligible for
  • Instructions for getting the necessary forms and other paperwork
  • Application submission
  • Negotiation tips after your assessment
  • Guidelines for collecting evidence
  • Instructions for submitting the appeal form

You can get our Property Tax guide within minutes by following these instructions:

  1. Open DoNotPay in any web browser
  2. Type in Property Tax
  3. Provide the necessary info about yourself
  4. Answer several questions about your property

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