Maine Revised Statutes Title 36. Taxation § 4641-A. Rate of tax; liability for tax

A. The rate of the tax is $2.20 for each $500 or fractional part of $500 of the value of the property transferred.

A. The rate of the tax is $2.20 for each $500 or fractional part of $500 of the value of the property transferred. When the value of the property being transferred exceeds $1,000,000, an additional tax at the rate of $3.80 for each $500 or fractional part of $500 of the value of the property transferred that exceeds $1,000,000 is imposed.

B. The tax is imposed 1/2 on the grantor and 1/2 on the grantee.

A. The rate of the tax is $2.20 for each $500 or fractional part of $500 of the value of the real property owned by the entity and located in this State.

A. For property owned by the entity and located in this State, the rate of the tax is $2.20 for each $500 or fractional part of $500 of the value of the real property transferred. When the value of the property being transferred exceeds $1,000,000, an additional tax at the rate of $3.80 for each $500 or fractional part of $500 of the value of the real property transferred that exceeds $1,000,000 is imposed.

B. The tax is imposed 1/2 on the transferor and 1/2 on the transferee, but if the transfer or acquisition is not reported to the register of deeds in the county or counties in which the property is located and the tax is not paid within 30 days of the completion of the transfer or acquisition, the transferor and the transferee are jointly and severally liable for the full amount.

C. If a controlling interest is acquired by a series of transfers, each transferor is liable for its proportional share of tax based on the value of the property on the date of the sale.