ME LD888

Removes the requirement that veterans must have served during a federally recognized war period to qualify for property tax exemptions, effective for tax years beginning April 1, 2026

Provides a base property tax exemption of up to $5,000 for all qualifying veterans, increasing to $6,000 for veterans age 62 or older

Creates a tiered exemption system based on VA service-connected disability ratings: $10,000 (60% disability), $20,000 (70%), $30,000 (80%), $40,000 (90%), and $50,000 (100% disability)

Extends eligibility to unremarried surviving spouses, minor children, and parents (age 62+) of deceased veterans, allowing them to receive the same exemption the veteran would have qualified for

Maintains the existing $50,000 exemption for specially adapted housing units for veterans who received federal grants for such housing