Property Tax Stabilization Program for Senior Citizens
The property tax stabilization program is a state program that allows certain senior-citizen residents to stabilize, or freeze, their property taxes on their homestead. As long as you qualify and file a timely application each year, the tax billed to you for your homestead will be frozen at the amount you were billed in the prior tax year. Qualifying residents must meet all of the following
1.) At least 65 years old
2.) A permanent resident of Maine
3.) Have owned a Maine homestead for at least ten years, and
4.) Be eligible for a homestead exemption on the property they are placing in the program.
The deadline to submit your application to qualify for stabilization on your 2022 taxes is December 1, 2022
This application is required to be submitted annually to continue eligibility.
For more information click here for “A guide for applicants”
Download the Application form here
Note: The municipality requests additional documentation to prove your eligibility for the program. Please note the requirements below
- You must provide your photo ID at the time of submitting your application.
- If you have not owned a homestead in Lyman for 10 years, but have owned a homestead in Maine equal to ten years, you must fill out Section 2c on the application that will identify the other municipalities you’ve owned a homestead.
- The information provided needs to show you have lived in Maine with a homestead for a total of ten years
- The “years” column needs to show specific dates you owned a homestead in other municipalities. (i.e: “From 12/1/2016 to 4/1/2020”)
- The burden of proof is on the applicant. You must provide documentation that you owned the property and it was a homestead exemption. (i.e: tax bills)
- The application should be complete and legible to avoid delay, and include your contact information.
- You can mail in your application, however, to avoid delay and ensure eligibility you will need to provide a copy of Photo ID, and any necessary documents if completing section 2c.
Page last Updated on August 16, 2022