If You’re a Homeowner in Maine, You May Get a Check from the State
The paper reports that 300,000 Maine homeowners should expect a $100 check early next year.
Those that will be getting a check qualified for the homestead exemption, which reduces a home’s taxable value by $20,000. Homeowners can only claim the homestead exemption on their primary residence.
State Treasurer Henry Beck says that 305,000 households in Maine will receive a check for $102 by early next year, according to the article, and every household that qualified will get a check for the same amount.
Beck said they calculated the payments by dividing the amount of money in the fund, $33 million, by the number of households that qualify for the homestead exemption minus the cost of what it took to get the program up and running, roughly less than $300,000, the newspaper reported..
BDN stated that the checks will be sent out in January and February of next year.