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ME LD1464

Bill

Official Source

Status

Failed

5/21/2025

Primary Sponsor

Marc Malon

Click for details

Origin

House of Representatives

132nd Legislature

AI Summary

  • Authorizes municipal assessors to apply different property tax rates to land versus buildings and other improvements, rather than assessing real property as a single unit
  • Requires any split tax rates to be applied equally within each primary assessing area
  • Preserves property owners' eligibility for other tax benefit programs established in law
  • Applies to property tax years beginning on or after April 1, 2026
  • Presented by Representative Malon of Biddeford and referred to the Committee on Taxation

Legislative Description

An Act to Provide for an Alternative Municipal Property Tax Assessment Rate

Tax Assessment

Last Action

Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)

5/21/2025

Committee Referrals

Taxation4/3/2025

Full Bill Text

No bill text available