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Posted inBiddeford-Saco-OOB Courier, Southern Maine Weeklies

Legislature repeals LD290, Property Tax Stabilization for Seniors

SACO —In their most recent session, the Maine Legislature voted to repeal LD290, the Property Tax Stabilization law. As it existed, the program would have disproportionately favored higher value properties without recognition of a resident’s ability to pay. Because of this, the program’s costs would have ballooned out of control, according to a City of […]