Sec. 1. 36 MRSA §949 is enacted to read:

§949.__Limitation on foreclosure of certain residences

Notwithstanding the other provisions of this subchapter, a municipality, or the State Tax Assessor with regard to property in the unorganized territory, may not foreclose on a tax lien mortgage when the owner of the property is at least 70 years old and the property is the owner's permanent residence as defined in section 681 unless the delinquent taxes exceed 50% of the assessed value of the property.

SUMMARY

This bill prohibits property tax lien foreclosure on property that is the permanent residence of a person who is at least 70 years old unless the delinquent taxes exceed 50% of the assessed value of the property.