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Maine’s property tax freeze on seniors – could it happen here?

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by David Flemming

In early August, a law took effect in Maine that will leave many Vermonters thinking “if only…”

Permanent Maine residents 65 or older who have owned a home for at least 10 years may apply through their towns to have their property taxes frozen at their current level. The Maine Policy Institute reports:

The cost of the program is expected to rise significantly as more individuals become eligible and sign up. According to estimates in the 2020 Census, roughly 16% of Maine’s population could potentially qualify for this program, as about 20% of Mainers are over the age of 65 and approximately 80% of that subset are homeowners. The bill’s fiscal note projects that the price tag of reimbursing municipalities will roughly double year-over-year, costing $2.6 million for FY 2023, $7 million for FY 2024, and $14 million for FY 2025……Read more at Ethan Allen Institute blog

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6 replies »

  1. My property taxes went up over $70 a month this tax year!! Maybe seniors should get a reduction and tax exempt retirement income too. Yeah Vt would go broke since senior footing the bill for all this marxist ideology pushed in Montpelier.

  2. I’ve heard worse plans. About the worry of taxpayers shouldering the difference: there’s so many tweaks our State could make to do it. Restore an interior labour economy. Rather than turn the old Mill buildings into apartments for summer complaints, why not produce something? Instead of the longterm drain that the enhanced and detrimental immigration policies pose, why not freeze that and limit it to interstate migration among provably working class Americans? You could clamp down on things like G.A. and limit State assistance and cater only to legitimate residents. Education could be tweaked. Rather than arbitrarily tax every resident to pay for increasingly inefficient public schooling, why not afford concessions to homeschoolers, or vouchers to allow parents freedom of affordable choice. Then the money they save they could forward to more practicable programmes such as the tax freeze – which isn’t the worst I’ve heard. It’s a pitiful commentary of our State’s priorities that this is even a talk on the table, when the gubmint has no problem tossing the actually weak and underrepresented down the river.

    So many things. Anecdotally, of course. Whatever. Good reporting, Vermont. I live here, and have worked in Elder Care and I ain’t never even heard of it.

    • Property taxes are biased on income. I’m not sure of what the percentage you get back but I know some elderly and low-income get back almost half or at least half

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