Property Tax Stabilization Program

property tax stabilization

NEW in 2022* Property Tax Stabilization for Senior Citizens, also known as the Property Tax Stabilization Program (the “Program”), is a State program that allows certain senior-citizen residents to stabilize, or freeze, the property taxes on their homestead.  As long as you qualify and file a timely application each year, the tax billed to you for your homestead will be frozen at the amount you were billed in the prior tax year. Eligible residents who move may transfer the fixed tax amount to a new homestead, even if that new homestead is in a different Maine municipality.

To apply, an applicant must: 

  • Be 65 years old or older
  • Be a permanent resident of Maine
  • Have owned a homestead in Maine for at least ten years. The ten-year period does not have to be consecutive
  • Be eligible for a homestead exemption, on the property which they are requesting stabilization. 

Stabilization Application - Interested applicants will need to apply with the municipality where their homestead is located on or before December 1.

Stabilization Guidance for Applicants

To see the full new law - LD 290 - click here. 

Applications are also available at Town Hall.