Maine Revised Statutes

§1762. Property tax provisions

1. Property not tax-exempt.  Notwithstanding any provision of law to the contrary, cooperative property does not qualify for property tax exemption under Title 36, section 652, subsection 1, paragraph A.
[ 1993, c. 300, §1 (NEW) .]
2. Eligibility for property tax relief.  Without limiting the eligibility of members of any other corporation or unincorporated association that provides housing on a cooperative basis for tax relief, a member of a cooperative affordable housing corporation is eligible for any relief afforded to property taxpayers under law.
[ 1993, c. 300, §1 (NEW) .]
3. Homestead exemption from attachment and execution.  Title 14, section 4422 applies to cooperative interests in cooperative affordable housing corporations.
[ 1993, c. 300, §1 (NEW) .]
SECTION HISTORY
1993, c. 300, §1 (NEW).

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