Governor Mills: A program to give people the peace of mind that they can age safely in their homes.
Our seniors and people with disabilities deserve to live and grow old in the comfort of their own homes without the fear of not being able to stay there because they cannot pay property taxes.
This week I announced a program to give people the peace of mind that they can age safely in their own homes.
Hi, I’m Governor Janet Mills, and thank you for listening.
Using $ 3.5 million in funds from the Federal American Rescue Plan, this week we announced the State Property Tax Deferral Program which provides a lifeline to cover the annual property tax bills of eligible Maine people who are elderly. 65 years of age and over or who are permanently disabled and cannot afford to pay their property taxes on their primary residence.
You may qualify if you earn less than $ 40,000 per year, including your retirement, and have less than $ 50,000 in cash (or $ 75,000 if you are applying with your spouse). Complete eligibility criteria and applications can be viewed online at the Maine Revenue Services website.
Loans must be repaid if the property is sold or becomes part of someone’s estate.
The state property tax deferral program is the latest step my administration has taken to fight property taxes, increase housing availability, and ensure that everyone in Maine, regardless of age or their income, can have a safe and stable place to live. right here in our state.
In 2019, I signed a $ 15 million senior housing bond that was approved by voters in Maine but was suspended by the previous administration. In 2020, I enacted the state’s largest housing investment in Maine history and we recently launched a major new housing project resulting from this law.
To put money back in the pockets of Maine families, we have also provided other tax breaks. We:
Well I said last week and I’ll say it again, I think we can give more money back to the people of Maine, and I’m going to be working with Democrats, Republicans and Independents on how to do that.
You can research this under the supplementary estimates that I will be proposing in the coming weeks.
In the meantime, my administration will continue to work with the legislature to ensure that everyone in Maine has a safe place to live.
This is Governor Janet Mills, and thank you for listening to me.