- (Title 36, M.R.S.A. Section 653) A property owner may be eligible for a reduction in the valuation of their property if they:

Own a residence in Cape Elizabeth on April 1 of the tax year in question
Are a veteran who is not dishonorably discharged
Served during a recognized war period in the U.S. Armed Forces
Are over 62 or are an unremarried widow of a qualifying veteran
If the veteran is under 62 but is 100% disabled due to a service-connected disability, he/she might likewise qualify. In any case the veteran must fill out a form and provide proof of service and discharge, such as a copy of their DD214 form.

For veterans who served during World War II or later, the exemption is up to the just value of $6,000. For veterans serving prior, the exemption is up to the just value of $7,000. Paraplegic veterans may receive an exemption of up to the just value of $50,000 for a specially-adapted housing unit..

Applications for these exemptions are available in the assessor's office, and on the Maine Revenue Services website.