| This resolution proposes to amend the Constitution of Maine |
| to require the Legislature to require municipalities to fix |
| the value of property owned by permanent residents of Maine; |
| once the value is fixed, it could not increase until the |
| property was transferred through sale or other means to a non- |
| Maine resident or the owner was no longer considered a |
| permanent Maine resident. At the time of transfer to a non- |
| Maine resident, the valuation of the property would increase |
| to the amount of the true or just valuation. A Maine resident |
| who purchased the property would assume the valuation in place |
| on the date of the transfer. |
