Maine § 6250. - Definitions
Full text of Maine Maine Revised Statutes § 6250. — Definitions, with citation guidance and answers to common questions.
§ 6250.. Definitions
As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1989, c. 534, Pt. C, §1 (NEW).]
1. Benefited property.
2. Bureau. "Bureau" means the Bureau of Revenue Services.
2-A. Disability. "Disability" means a permanent and total impairment or condition that prevents an individual from being employed as determined by an agency of this State or of the Federal Government or pursuant to routine technical rules adopted by the State Tax Assessor.
3. Homestead. "Homestead" means the owner-occupied principal dwelling owned by the taxpayer and up to 10 contiguous acres upon which it is located. If the homestead is located in a multi-unit building, the homestead is the portion of the building actually used as the principal dwelling and its percentage of the value of the common elements and of the value of the tax lot upon which it is built. The percentage is the value of the unit consisting of the principal dwelling compared to the total value of the building exclusive of the common elements, if any. "Homestead" includes the taxpayer-occupied principal dwelling and up to 10 contiguous acres upon which it is located that is held in a revocable living trust for the benefit of the taxpayer.
3-A. Liquid asset. "Liquid asset" means something of value available to an individual that can be converted to cash in 3 months or less and includes:
A. Bank accounts; [PL 2021, c. 483, Pt. AA, §4 (NEW); PL 2021, c. 483, Pt. AA, §21 (AFF).]
B. Certificates of deposit; [PL 2021, c. 483, Pt. AA, §4 (NEW); PL 2021, c. 483, Pt. AA, §21 (AFF).]
C. Money market and mutual funds; [PL 2021, c. 483, Pt. AA, §4 (NEW); PL 2021, c. 483, Pt. AA, §21 (AFF).]
D. Life insurance policies; [PL 2021, c. 483, Pt. AA, §4 (NEW); PL 2021, c. 483, Pt. AA, §21 (AFF).]
E. Stocks and bonds; and [PL 2021, c. 483, Pt. AA, §4 (NEW); PL 2021, c. 483, Pt. AA, §21 (AFF).]
F. Lump-sum payments and inheritances. [PL 2021, c. 483, Pt. AA, §4 (NEW); PL 2021, c. 483, Pt. AA, §21 (AFF).]
3-B. Municipality. "Municipality" means a city, town, plantation or the unorganized territory.
4. Tax-deferred property. "Tax-deferred property" means the property upon which taxes are deferred under this chapter.
5. Taxes. "Taxes" or "property taxes" means ad valorem taxes, assessments, fees and charges entered on the assessment and tax roll.
6. Taxpayer. "Taxpayer" means an individual who has filed a claim for deferral under this chapter or individuals who have jointly filed a claim for deferral under this chapter.
Frequently Asked Questions About Maine § 6250.
What does Maine Revised Statutes § 6250. cover?
Section 6250. ("Definitions") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 6250.?
A common citation format is "Maine Revised Statutes § 6250." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 6250. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.