Department of Administrative and Financial Services
Allocation: $3,500,000
More Information:
Status: Active
As increasing home values burden Maine people on fixed incomes, the Maine State Property Tax Deferral Program is a lifeline loan that can cover the annual property tax bills of income-eligible Maine people who are ages 65 and older or permanently disabled who cannot afford to pay them on their own. The loan program will allow Maine's most vulnerable community members to age in place and ensure that property taxes are still delivered to municipalities. The program requires repayment of the loan once the property is sold or becomes part of an estate.
Property owners should submit applications to the municipality where they live. Municipalities will work directly with Maine Revenue Services, a division of the Department of Administrative and Financial Services, to process the applications and related payments.