An Act to Provide Property Tax Relief by Increasing the Availability of the Property Tax Fairness Credit Based on a Resident's Age and Income

This bill changes how the property tax fairness credit is calculated for Maine residents aged 65 and older with an annual income of $36,000 or less, starting in 2026. For these individuals, the credit will be the amount their benefit base exceeds 3% of their income, instead of 4%. This aims to provide more property tax relief to eligible older residents.

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