Town of Tremont, ME

Home Update - Property Tax Stabilization for Seniors

The LD290 "Property Tax Stabilization for Senior Citizens" program, enacted in August 2022 was repealed by the Maine Legislature on July 6, 2023.  The repeal of this program means there will be no reapplication process and no need to follow-up with the Assessing Department or Town Office in August/September, as previously communicated.  Although the program has been repealed, your initial application will still be administered this year for the current Tax Commitment in July of 2023-FY24.  As a result, approximately 101 eligible Tremont applicants will only be responsibly for the “frozen” property tax bill amount for the 2023-FY23 billing cycle – this amount will be equal to the tax amount the owner was billed in 2022-FY23, 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: State Representatives

To help lower income seniors avoid higher property taxes and remain in their homes, two existing state programs are being expanded:
The Property Tax Fairness Credit – allows eligible Mainers to receive a $1,500 credit, has increased to $2,000 and 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 Tremont.  To claim the credit, you must file a 1040ME and Schedule PTFC/STFC for the tax year during which the property tax or rent was paid.  For assistance, please call 207-624-9784 or visit: Property Tax Fairness Credit Information

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.  This program is administered by the state; however, applications must be filed with the Assessor’s Office between January 1 and April 1 each year.  Applications are forwarded to Maine Revenue Services who review and make determination for acceptance and approval.  Questions can be referred to Maine Revenue Services, Property Tax Division at 207-624-5600 or prop.tax@maine.gov.  For more information please visit: Tax Deferral Program Information