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Updated July 21
New law will provide tax relief to thousands of Maine seniors
Under the program designed to help seniors age in place, the state will pay property taxes for those 65 and older who qualify and agree to give the state a lien on their property for eventual repayment.
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Legislation that Gov. Janet Mills signed into law Monday will provide property tax relief to thousands of Mainers who are 65 or older and earn less than $40,000 per year.
The property tax deferral program comes with strings attached. The state will pay the property taxes for people who apply and qualify, but the state will have the authority to obtain a lien on the applicant’s real estate. All property taxes paid by the state will be repaid to the state when the property is sold or the participant or participants die.