Analysis of impact of governor’s budget predicts increase in property taxes

Governor LePage’s budget would repeal the homestead exemption and increase property taxes for an estimated 213,000 Maine homeowners by more than $300 a year on average, according the the Maine Center for Economic Policy. Particularly hard hit would be homeowners living in towns with high mil rates and low income homeowners who have a larger portion of their property tax bill shielded by the homestead exemption. In New Gloucester, the estimated increase would be $293 for 884 households. (See the interactive map.)
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