Exemptions

There are several classes of exempt property (property upon which real estate taxes need not be paid) such as government-owned property. In addition, several other personal exemptions exist.

Homestead Exemption
Under this law, homeowners are now eligible for up to a $10,000 reduction in their permanent residence’s property valuation. If you have owned a home in Maine for 12 months prior to April 1st, you may apply for this program. Forms are available from the Tax Assessor’s Office or by going to the State Website.

Veteran’s Exemption
A property owner may be eligible for a reduction in the valuation of their property if they:
  • Own a residence in Rangeley on April 1st of the year in question
  • Are a veteran who is not dishonorably discharged
  • Served during a recognized war period in the U.S. Armed Forces
  • Are over 62 or are an unremarried widow/widower for a qualifying veteran
If the veteran is under 62 but is 100% disabled due to a service-connected disability, he/she might likewise qualify. In any case the veteran must fill out a form and provide proof of service and discharge, such as a copy of their DD214 form. For veterans who served during World War II or later, the exemption is $6,000, beginning April 1, 2008. For veterans serving prior, the exemption is $7,000. Paraplegic veterans may receive an exemption of $47,500 for a specially adapted housing unit. Applications for these exemptions are available from the Tax Assessor’s Office, or on the State Website.

Blind Exemption
The residential real estate of residents who are legally blind as determined by the department of education division for the blind and visually impaired may be exempt up to the just value of $4,000 Applications for this exemption are available from the Tax Assessor’s Office or by visiting the State Website.