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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