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New Bill Will Double the Property Tax Credits For Some Families

| April 23, 2014

MAINE

AUGUSTA, Maine (AP) – Some low-and-middle income families will see their property tax credits double, thanks to a new Maine law.  Governor Paul LePage recently signed a bill that raises a property tax credit for residents under the age of 65 to $600 from $300.  The credits for resident ages 65 and older will rise from $400 to $900. The bill was introduced by Democratic House Speaker Mark Eves to bolster the property tax credit program.  That program replaced an old credit that gave homeowners and renters as much as $1,600 back in their taxes. Democrats said that change was hurting struggling Maine families. The measure will go into law 90 days after the Legislature ends.

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