| The constitutional resolution proposes to amend the |
| Constitution of Maine to limit the ability of municipalities |
| to increase the valuation of homes. Increased valuations |
| increase the property taxes levied on those homes. The |
| limitation would be achieved by establishing a baseline for |
| property values using the value of the home in 1985. Unless |
| there were major renovations to the home or the home was sold, |
| the valuation would stay at the 1985 level. If a home |
| remained in a family through inheritance, the town could |
| adjust the value from generation to generation. This |
| constitutional resolution would not affect the ability of each |
| municipality to set its own mill rate for property taxes. |
