ME LD1144

Reinstates Maine's Property Tax Stabilization Program for permanent residents age 65 and older, effective for property tax years beginning on or after April 1, 2026

Freezes property taxes at the prior year's amount for eligible seniors on their primary homestead, with stabilization limited to up to $900,000 of assessed value

Restricts eligibility to one homestead per individual per tax year

Requires the State to reimburse municipalities 100% of the difference between the stabilized tax amount and what would otherwise be assessed

Allows municipalities to recover administrative costs of the program from the State