Property

Maine seniors can now freeze their property taxes. Here’s how it works.

It was a simple calculation for a 66-year-old Cape Elizabeth man: Pay thousands of dollars in new property taxes that could come as his town undergoes a major school development project or freeze them and have the state pay any difference.

“You expect it to go up a little bit,” said Don, who declined to give his last name. “But not what this new school might cost.”  

He is one of 214 seniors who have already applied for Maine’s new property tax stabilization program, which went into effect on Monday. The novel program, enacted in a low-key fashion by the Maine Legislature this year, allows Mainers 65 or older to freeze their taxes even if they move.

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