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Personal (Business) Property Tax Information

Personal (Business) Property is subject to taxation in Maine; the full requirements of the law can be found in 36 MRSA Sec. 601-612 and Sec. 706. Each year, property owners must furnish a list of items used in their business as of April 1. To assist businesses with this requirement, the Assessor's Office mails a declaration form and a property record card showing items declared in previous years.

Business owners often have questions about what should be included on the declaration form. Please call our office if you have any questions. You may also wish to read our Frequently asked questions regarding Business Personal Property.

2010 Business Personal Property Declaration Form (form 706) (in PDF format)

2010 Depreciation and Trending tables (in PDF format)

Business Equipment Tax Reimbursement (BETR) and Business Equipment Tax Exemption (BETE)

The State of Maine provides a property tax exemption for certain items of business personal property (the Business Equipment Tax Exemption program). There is also a Business Equipment Tax Reimbursement program, which will reimburse businesses for taxes paid on certain items of business personal property.

Basic information about the Business Equipment Tax Exemption program. Additional information can be found at the Maine Revenue Services website, or by calling Maine Revenue Services at 207-287-2013.

Business Equipment Tax Exemption (BETE) application (due by May 1, 2009). If you need an extension of time to complete the BETE application, please contact our office (443-8336 or email Brenda Cummings, Assistant Assessor).

Business Equipment Tax Refund (BETR) application. The application for a refund of taxes paid in 2008 will be available in August 2009, and must be returned to the state by Dec 31, 2009. Additional information on the BETR program is available from the Maine Revenue Services website or by calling Maine Revenue Services at 207-626-8475.