Waldoboro, ME

LD290 Property Tax Stabilization was REPEALED by the Maine Legislature.

LD 290 “Property Tax Stabilization for Senior Citizens” Repealed by State Legislature
The LD 290 “Property Tax Stabilization for Senior Citizens” program, enacted in August 2022, was repealed by
the Maine Legislature on July 6, 2023, with an effective date of October 11, 2023. The popularly regarded
program had 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.

The repeal of this program means there will be no reapplication process and no need to follow-up with the
Assessing Department in late August/early September, as previously communicated.

Although the program has been repealed, initial applications will still be administered this year for the
upcoming Tax Commitment in September 2023. As a result, eligible Waldoboro applicants will only be responsible for
the "frozen" property tax bill amount for the 2023 billing cycle—this amount will be equal to the tax amount the
owner was billed in 2022, unless their new billed amount would be lower, in which case they'd owe the lower of
the two amounts. Per the law, the State will reimburse the Town for 100% of the difference between actual and
frozen taxes.

It is important to note that these are State programs and while the Town plays a role in the administration of
them, the Town is not responsible for the policy objectives of these initiatives. Any questions or concerns
owners have regarding this program should be directed to your legislative representative.   

To find your representative, please visit:  Maine State Legislature.

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Two Tax Relief Programs Being Expanded
Two existing State programs benefiting low-income seniors to be expanded.

To help lower-income seniors avoid higher property taxes and remain in their homes, two existing State
programs are being expanded:

1. The Property Tax Fairness Credit, which currently allows eligible Mainers to take a $1,500 credit, has
increased to $2,000; it also loosens limits on the program in a way that allows the benefits to remain constant
for a Mainer whose spouse passes away. Note: This program is not administered by the Town of Waldoboro; to
claim the credit, you must file a Maine Tax Return (Form 1040ME and Schedule PTFC/STFC) for the tax year
during which the property tax or rent was paid. For help, call 207-624-9784. For more info, please
visit: Property Tax Fairness Credit Summary.

2. The State Property Tax Deferral Program, a lifeline loan program that covers the annual property tax bills
of Maine seniors age 65 and older who cannot afford to pay them on their own, has been expanded. It doubles
the income limit on that program to $80,000 and also raises asset limits. Taxes must be paid back when the
home is sold or becomes part of an estate. Note: This program is not administered by the Town of Waldoboro;
questions on this State managed program can be referred to Maine Revenue Services, Property Tax Division, at
207-624-5600 or prop.tax@maine.gov. For more info, please visit: State Property Tax Deferral Program.