An Act To Provide An Additional Maine Resident Homestead Property Tax Exemption Based On Income

This bill adds a $75,000 property tax exemption for Maine homeowners with qualifying income, effective for tax years starting April 1, 2026. It directly affects Maine residents who already qualify for the standard homestead exemption and have federal adjusted gross income below specific thresholds: $200,000 for married couples filing jointly, $150,000 for heads of household, or $100,000 for single or married filing separately. The additional exemption increases the total homestead exemption to $100,000 for eligible homeowners. This change modifies the existing property tax structure based on income levels, not the exemption eligibility itself.