| 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 does not increase until the property is |
| transferred through sale or other means to a non-Maine resident |
| or the owner is no longer considered a permanent Maine resident. |
| At the time of transfer to a non-Maine resident, the valuation of |
| the property increases to the amount of the true or just |
| valuation. A Maine resident who purchased the property assumes |
| the valuation in place on the date of the transfer. |
