Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Register of Deeds warns of $10,000 hit if state applies new transfer-tax rate early
Summary
The Register of Deeds told commissioners that Maine Revenue Services is proposing to apply a new transfer-tax rate starting Sept. 1 for a law effective Sept. 24; the office projected roughly a $10,000 revenue shortfall for September and asked for review of the agency's policy.
The Kennebec County Register of Deeds told commissioners that the office is tracking an apparent timing dispute with Maine Revenue Services over a newly enacted real estate transfer-tax rate.
The register said the state has suggested applying a new transfer-tax split beginning Sept. 1 even though the statute implementing that change takes effect Sept.…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat