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Register of Deeds Warns of Transfer-tax Changes, New $10,000 Manufactured-park Fee Pending
Summary
Kennebec County’s register of deeds outlined state law changes affecting transfer tax collections and described new, unresolved requirements tied to manufactured/mobile home parks that could require a $10,000 per-lot fee; the register said counties and stakeholders are still seeking implementation details.
Matthew, the county register of deeds, told commissioners that state changes to the property transfer tax will go into effect later this month and could change how much the county collects, particularly affecting sales above $1 million.
Matthew said the state is trying to implement the new percentage on Sept. 1 and that counties are assessing how much revenue may be lost or shifted among…
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