Property Tax Alert: Maine

July 2007

For Maine property tax purposes, the Business Equipment Tax Reimbursement (BETR) program is expanded to include used qualified business property, provided the equipment was placed in the state, or was being constructed in the state after April 1, 1995. Used equipment already exempt from property tax imposed by a city or town is not eligible for the BETR program.

Please contact Rash & Associates for more information.