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Property Tax Relief Programs

Update to LD290 Unfortunately, after much debate, the Maine State Legislature repealed LD290 in 2023. The legislature did not replace LD290, but instead expanded two existing programs to provide property tax relief, which will go into effect in 2024. The two programs are the State Property Tax Deferral Program and the Property Tax Fairness Credit. More information is available on the Maine Revenue Services website at maine.gov/revenue/taxes/tax-relief-credits-programs. For a deeper dive into the new programs and processes see our Fall Town Newsletter.

Property Tax Deferral ProgramThe State Property Tax Deferral Program is a lifeline loan program that can cover the annual property tax bills of Maine people who are ages 65 and older or are permanently disabled and who cannot afford to pay them on their own. The loan program allows Maine’s most vulnerable community members to age in place and ensures that property taxes are still delivered to municipalities, requiring repayment of the loan once the property is sold or becomes part of an estate.
Further information about the State Property Tax Deferral Program can be found at the Maine Revenue Services website at: State Property Tax Deferral Program

Property Tax Fairness CreditEligible Maine taxpayers may receive a portion of the property tax or rent paid during the tax year on the Maine individual income tax return whether they owe Maine income tax or not. If the credit exceeds the amount of your individual income tax due for the tax year, the excess amount of credit will be refunded to you.

Further information about the Property Tax Fairness Credit Program can be found at the Maine Revenue Services website at: Property Tax Fairness Credit