Taxes The Town of Dedham issues an annual tax bill - currently in the month of October. Taxes are due 30 days after commitment. Interest will accrue from the 31 st day until payment is received. The interest rate for 2006 unpaid taxes is 11.0% The State of Maine currently provides several programs to assist residents in paying their property taxes: Homestead Exemption - this currently provides a $ 13,000 reduction in a property's taxable valuation. The property on which you are claiming this exemption must be your primary residence and you must have owned homestead property in the State of Maine for at least one year. Application form is linked above. Veteran's Exemption - this currently provides a $ 5,000 reduction in a property's taxable valuation. You must complete the linked form and submit it with a copy of your (or your spouse's) DD-214 or VA Form 20-544a or other proof of term of service. Generally available for veterans over age 62, although younger veterans may apply if they are considered more than 30% disabled. Tree Growth taxation - this program allows for undeveloped land to be valued by the type and amount of trees growing on it, rather than on a per acre basis. A lot must be at least 10 acres in size. A tree growth management plan, prepared by a forester, must be filed with the town assessor's agent in order to qualify for this program. Rent & real estate tax refund program - this refund is available if your property taxes exceed a stated percentage of your income. Application and program information are linked above.