Property Tax Stabilization Program No Longer in Effect

​LD 290 “PROPERTY TAX STABILIZATION FOR SENIOR CITIZENS” AMENDED BY STATE LEGISLATURE TO ONLY ​APPLY TO 2023 TAX YEAR; TWO TAX RELIEF PROGRAMS BEING EXPANDED

The LD 290 “Property Tax Stabilization for Senior Citizens” program was enacted in August 2022 and allowed Maine seniors 65 and older who owned a permanent residence for at least 10 years and were receiving (or eligible for) a homestead exemption to freeze taxes at the previous year’s level regardless of income.

In July 2023, the Legislature amended this program by LD 258, which states that the Property Tax Stabilization program only applies to the current tax year, which began on April 1, 2023.

It is important to note that this is a State program and while the Fayette plays a role in the administration of it, the town is not responsible for the policy objectives of this initiative. Any questions or concerns owners have regarding this program should be directed to your legislative representative. To find your representative, please visit: https://legislature.maine.gov/senate/