| 124th MAINE LEGISLATURE | ||||||
| LD 1121 | LR 1242(02) | |||||
| An Act To Protect Elderly Residents from Losing Their Homes Due to Taxes or Foreclosure | ||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| Minor cost increase - General Fund | ||||||
| Fiscal Detail and Notes | ||||||
| This bill presents municipalities with the option of adopting a property tax deferral program for eligible homestead property owned by their residents seventy (70) years of age or older whose income is within specified income levels. Ancillary duties required of the State Tax Assessor in connection with any such programs can be performed within existing budgeted resources. | ||||||