LD1464 • 2025

An Act to Provide for an Alternative Municipal Property Tax Assessment Rate

Taxes

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Representative Marc Malon
Last action: 2025-05-21
Official status: Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act to Provide for an Alternative Municipal Property Tax Assessment Rate

An Act to Provide for an Alternative Municipal Property Tax Assessment Rate Sponsor: Representative Marc Malon Reference committee: Taxation Latest committee action: Reported Out; ONTP

What This Bill Does

An Act to Provide for an Alternative Municipal Property Tax Assessment Rate Sponsor: Representative Marc Malon Reference committee: Taxation Latest committee action: Reported Out; ONTP

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2025-05-21 Senate
Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)
2025-05-20 Committee
Reported Out; ONTP
2025-05-15 Committee
Work Session Held
2025-05-15 Committee
Voted; ONTP
2025-04-08 Committee
Referred to Committee on Taxation.
2025-04-03 House
Committee on Taxation suggested and ordered printed. The Bill was REFERRED to the Committee on TAXATION . Sent for concurrence. ORDERED SENT FORTHWITH.

Official Summary Text

An Act to Provide for an Alternative Municipal Property Tax Assessment Rate
Sponsor:
Representative Marc Malon
Reference committee:
Taxation
Latest committee action:
Reported Out; ONTP

Current Bill Text

Read the full stored bill text

Printed on recycled paper
132nd MAINE LEGISLATURE
FIRST SPECIAL SESSION-2025
Legislative Document No. 1464
H.P. 956 House of Representatives, April 3, 2025
An Act to Provide for an Alternative Municipal Property Tax
Assessment Rate
Reference to the Committee on Taxation suggested and ordered printed.
ROBERT B. HUNT
Clerk
Presented by Representative MALON of Biddeford.

Page 1 - 132LR2265(01)
1Be it enacted by the People of the State of Maine as follows:
2Sec. 1. 36 MRSA §701-B is enacted to read:
3§701-B. Alternate assessment
4 Notwithstanding section 701-A and consistent with the Constitution of Maine, Article
5 IX, Section 8, an alternative rate of assessment may be established as provided in this
6 section.
71. Different rates of tax for different categories of assessed real property. An
8 assessor, in determining just value, may apply a different tax rate to each of the following
9 categories of assessed real property:
10 A. Land; and
11 B. Buildings and other improvements.
12 In establishing the different rates allowed by this subsection, an assessor may use for
13 guidance the provisions of section 701-A.
142. Equal application of rates. The rates imposed on each category of assessed real
15 property specified in subsection 1 must be applied equally within each primary assessing
16 area, as defined in section 306, subsection 4.
173. Use of other tax benefit programs. This section may not be construed to prohibit
18 the use of any other tax benefit program established in law that would otherwise be
19 available to the owner of the real property.
20Sec. 2. Application. This Act applies to property tax years beginning on or after
21 April 1, 2026.
22SUMMARY
23 Under current law, an assessor determines for purposes of taxation the valuation of real
24 property as a whole, including the land and any improvements on the land. This bill
25 provides for an alternate method of assessment of real property by allowing an assessor to
26 impose a different rate of taxation on land and any improvements to that land. The rates
27 must be imposed equally throughout the assessed area.
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