A new law freezes property taxes for some older Mainers
A new law passed by the legislature last spring with very little attention will freeze property taxes for older Mainers (L.D. 290: “An Act To Stabilize Property Taxes for Individuals 65 Years of Age or Older Who Own a Homestead for at Least 10 Years.”) We’ll discuss the implementation of this tax freeze, and the impact it will have on Maine residents—as well as municipal budgets.
Kate Dufour, legislative advocate, Maine Municipal Association
Harold “Trey” Stewart III, Maine State Senator (R-Aroostook); serves on the Energy, Utilities, and Technology Committee and the Health Coverage, Insurance and Financial Services Committee
To apply for the property tax freeze: https://www.maine.gov/.../property.../stabilization-program