Maine Homestead Exemption Savings Calculator

Estimate how much the Maine homestead exemption could save you each year. The example numbers are placeholders; enter your own from your assessment notice or tax bill.

Across Maine, Census ACS 2020-2024 counts 443,573 owner-occupied homes (74.3% ownership). Use the calculator with figures from your assessment notice; the exemption math comes from the official source cited below.

The calculator models Maine’s Homestead Property Tax Exemption. Official benefit summary: Reduces the just value of your permanent residence by up to $25,000. Filing path from the source: File the application with your local assessor by April 1.

Population and housing figures: U.S. Census Bureau, ACS 2020-2024 5-year (state FIPS 23). Exemption figures checked against the official page on 2026-11-04.

How the exemption works

• Maine homeowners who have owned homestead property in Maine for at least 12 months can exempt up to $25,000 of just value.
• Veterans may also qualify for a $6,000 exemption; see the veterans page.

Assumptions

• Savings = $25,000 × your town's mill rate ÷ 1,000. Your town applies the exemption, so the amount on your bill can differ.

Source: Maine Revenue Services. Figures checked against the official page on 2026-11-04.

See also: Maine homestead exemption overview · general estimator

How much does the Maine homestead exemption save?

Multiply the exemption by your local tax rate. Savings = $25,000 × your town's mill rate ÷ 1,000. Your town applies the exemption, so the amount on your bill can differ.

Is this calculator official?

No. It is an estimate based on figures from the official state source cited on this page.