LD 902
pg. 2
Page 1 of 2 RESOLUTION, Proposing an Amendment to the Constitution of Maine To Change the M... LD 902 Title Page
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LR 10
Item 1

 
the word "Yes" or "No." The ballots must be received, sorted,
counted and declared in open ward, town and plantation meetings and
returns made to the Secretary of State in the same manner as votes
for members of the Legislature. The Governor shall review the
returns and, if it appears that a majority of the legal votes are
cast in favor of the amendment, the Governor shall proclaim that
fact without delay and the amendment becomes part of the
Constitution of Maine on the date of the proclamation; and be it
further

 
Secretary of State shall prepare ballots. Resolved: That the Secretary of
State shall prepare and furnish to each city, town and plantation
all ballots, returns and copies of this resolution necessary to
carry out the purposes of this referendum.

 
SUMMARY

 
This resolution amends the Constitution of Maine to establish
the base property value for real property as the just value of
the property as of April 1, 2006. Increases in the value of real
property are limited to the just value of any improvements or
degradations to the property and the lower of the rate of
inflation and the actual increase in value of the real property,
unless there is a change of ownership. If there is a change of
ownership, the value of the property may be changed to the higher
of the actual purchase price and the just value of the property
on the April 1st preceding the change in ownership.


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