Veteran Exemption

State

Maine

Year

2007

Variations in Receipt of Benefit

Other Variation in Receipt of Benefits

Benefit Type

Exemption

Benefit

The benefit is a $6,000 exemption of the property for eligible veterans. The exemption is $7,000 for those qualified veterans who served during or before WW1.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type

Residential

Characteristics of Eligible Property

Only residential property is eligible for this program.

Eligibility Criteria

Age

Disability

Veteran

Surviving Spouse

Description of Eligibility Criteria

Exemption is available to a veteran who is a Maine resident and who served active duty during a recognized war period. The veteran must be 62 years old or older or receiving 100% disability as a veteran. The veteran must have been discharged retired or separated under other than dishonorable conditions. The exemption extends to the unremarried widows or widowers, minor children, and parents of such veterans.

Local Option in Adoption of Program

Local government is unable to exercise an option

Local Option Regarding Program Features

No local option regarding program features

State Funding for Local Tax Loss

State and local government share the local tax loss

Description of State Funding for Tax Loss

A municipality granting exemptions under this program is entitled to reimbursement from the State of 90% of that portion of the property tax revenue lost as a result of the exemptions that exceeds 3% of the total municipal property tax levy unless the municipality is already entitled to the 50% reimbursement rate provided by the Constitution of Maine.

Record ID

ME103_RR07

Footnotes

Sources

Me. Rev. Stat. Ann. tit. 36, § 653 (in effect for 2007)
[http://www.maine.gov/revenue/propertytax/sidebar/exemptions.htm Accessed on 10/26/10]
Summary of Major State Funding (2007) Office of Fiscal and Program Review, p.8
View Archived Source

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