Maine Real Estate License Practice Exam

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Prepare for the Maine Real Estate License Exam with comprehensive quizzes featuring multiple choice questions, flashcards, hints, and detailed explanations. Be exam-ready!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

A veteran may be eligible for a property tax exemption of how much?

$2,000
$50
$4,000
$6,000

The correct answer is: $6,000

Veterans in Maine may be eligible for a property tax exemption of $6,000. This exemption is designed to provide financial relief to those who have served in the military, acknowledging their service and sacrifice. The property tax exemption amount is established by state law, and in Maine, the figure of $6,000 reflects a specific benefit for veterans who meet the necessary eligibility requirements. This exemption applies to individuals who have been honorably discharged from the armed forces and can demonstrate their eligibility through the proper channels. While other amounts listed may seem plausible in terms of property tax exemptions, they do not align with the current established amount in Maine law specifically for veterans.