An Act To Reduce The Time Period For Challenging The Validity Of A Property Tax Lien On Commercial Real Estate

LD 526 shortens the time for challenging a property tax lien on commercial real estate to two years after the redemption period ends. It applies to commercial properties including apartment buildings with five or more units, office buildings, mobile home parks, and recreational facilities. Property owners must file a challenge within this two-year window; after it expires, the lien cannot be contested. The change takes effect for tax liens recorded after June 30, 2026.