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During his time in the legislature, Eves focused on efforts to help seniors maintain independence and lower living costs. According to the Bangor Daily News, "He led efforts to provide direct-care workers with raises and in 2014 sponsored a successful property tax relief bill that included an extra benefit for homeowners older than 65. In 2015 ...
(The Center Square) – Amid a push to raise the annual cap on property tax increases statewide, Sen. Phil Fortunato, R-Auburn, wants the Legislature to exempt around 500,000 senior citizens ...
On Wednesday, the Maine Department of Health and Human Services (DHHS) said it will provide one-time payments of $500 to about 13,000 qualifying senior households. The payments will be issued ...
So if you were eligible for the state’s property tax exemption and have a $150,000 home, once you crunched the numbers with a property tax calculator, the property taxes would possibly be ...
Volk was known as a moderate Republican who worked across the aisle on many issues, including tax reform [4] and affordable housing issues, including consistent funding for Maine homeless shelters and lead abatement. In 2016, Volk received the Elizabeth H. Mitchell Housing Leadership Award from the Maine Affordable Housing Coalition. [5]
In 2019, these municipalities granted about $10 million in property tax exemptions. Under the Senior Property Tax Deferral program, which is the third program available, local governments are given the authority to authorize select seniors to postpone the payment of their property taxes and reclaim them with interest when the homeowner either ...
The good news is that there are tax credits and other strategies you can use to help you keep that tax bill low. You may want to work with a financial advisor in order to make sure you have a ...
Unfortunately, all other retirement income is subject to the tax. But a bill passed in June 2024 cuts taxes over the next eight years by increasing the state’s standard deductions in even years ...