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:
- Veteran exemption
- Paraplegic veteran exemption
To qualify, you need to fulfill the following requirements:
|Recognized war periods||
|Other recognized service periods||
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
|Homestead exemption||You may qualify for the homestead exemption of $25,000 if you:
|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|
You can get our Property Tax guide within minutes by following these instructions:
- Open DoNotPay in any web browser
- Type in Property Tax
- Provide the necessary info about yourself
- Answer several questions about your property
Admin Issues Giving You a Headache? Resolve Them With DoNotPay!
Scheduling a DMV appointment, applying for clinical trials, requesting refunds from companies, and getting in touch with your loved ones in prison are all difficult and time-consuming tasks. You have to take many steps before you can get any of these over with, and that’s why our robot lawyer app is here to help.
No matter if you need assistance with appealing parking tickets, signing up for free trials, canceling various subscription services, or maybe preparing for government tests, DoNotPay will provide you with easy solutions.
Having Financial Struggles? Rely on the World’s First Robot Lawyer
Many Americans struggle to make their ends meet at the end of each month. With that in mind, we’ve created plenty of features that will save you both time and money in the most efficient way.
Using our AI-driven app, you can get help with bills, get refunds from airlines, find unclaimed money in any state, or earn off annoying robocalls or stalkers and harassers. If you want to fight for your right, DoNotPay will also assist you in suing any person or company in small claims court.
No matter the admin task at hand, our robot lawyer will provide swift and effective assistance.