Maine Revenue Services - Property Tax Division 2026

1. Click ‘Get Form’ to open the Business Equipment Tax Exemption Application in the editor.
2. Begin by filling in the 'Name of Business' and 'Type of Business' fields. Ensure that this information accurately reflects your business identity.
3. Next, provide your 'Business Address' and 'Account #' to help the assessor identify your application.
4. In the 'Description of the Exempt Equipment' section, be specific about each piece of equipment you are claiming for exemption. Include details like model and year.
5. For each item listed, enter the 'Purchased/Placed in Service in Maine' date, ensuring it is after April 1, 2007 for eligibility.
6. Fill out the 'Current Age', which is necessary for depreciation calculations, followed by entering the 'Cost or Value New'.
7. Estimate the current value of each piece of equipment and provide its physical address if it is leased.
8. Finally, ensure all signatures are completed at the bottom of the form before submitting it to your local assessor by May 1.

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