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Tax Relief Programs

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TAX RELIEF PROGRAMS

The State of Maine offers a number of programs to help qualified individuals and businesses reduce their tax obligations:

MAINE RESIDENTS PROPERTY TAX RENT REFUND "CIRCUIT BREAKER" PROGRAM
http://www.maine.gov/revenue/taxrelief/ptfcsummary.htm

The Circuitbreaker Program has been replaced by a refundable Property Tax Credit that can be claimed on the Maine Individual Income Tax Form.  A worksheet will be included with Maine individual Income Tax Form to calulate the amount of the credit.

TREE GROWTH, OPEN SPACE AND FARMLAND PROGRAMS
http://www.maine.gov/revenue/forms/property/appsformspubs.htm

Tree Growth: Provides for lower land assessment and requires a minimum of 10 acres and a Forest Management Plan prepared by a licensed Forester.

Open Space: Provides for lower land assessments depending on selected Open Space Land Classification.

Farmland: Provides for a lower land assessment and requires a minimum of 5 acres and $2,000 annual income from farming activities.