Variations in Receipt of Benefit
Other Variation in Receipt of Benefits
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
Characteristics of Eligible Property
Only residential property is eligible for this program.
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.