Central Maine Blog

 

Important Legislative Issue

For Sellers:

Attention Seller - URGENT:  The Taxation Committee of the Maine Legislature is considering increasing the real estate transfer tax (a tax paid at the time a property sells) to $6 per $1,000 for primary residences under $300,000 and $15 per $1,000 for properties $1,000,000 or higher.  All other real estate (land, second homes, and businesses under $1m) would be increased to $10 per $1,000.  They claim this is "tax fairness" and that you as a real estate seller in Maine should have the obligation to solve the property tax crisis and other financial burdens in Maine when your home sells.  The Maine Association of REALTORS believes this is YOUR money and they need to keep their hands out of your home.  We're also concerned that buyers will not be able to afford their additional taxes and it will further slow down the number of buyers willing to buy in Maine.  Additional information about the proposal can be found at http://www.maineshakedown.com

We URGE you to contact legislators IMMEDIATELY to explain to them that you want to keep YOUR money and not pay any extra taxes in Maine solely because you want to sell your home.  Message:  You are trying to sell your home and should NOT have to pay additional taxes at the time of sale! 
To look up contact information for your legislators, go to this link - http://janus.state.me.us/house/townlist.htm
 

For Buyers:

Attention Buyer - URGENT:  The Taxation Committee of the Maine Legislature is considering increasing the real estate transfer tax (a tax paid at the time a property sells) to $6 per $1,000 for primary residences under $300,000, and $15 per $1,000 for properties $1,000,000 or higher.  All other real estate (land, second homes, and businesses under $1m) would be increased to $10 per $1,000.   They claim this is "tax fairness" and that you as a real estate buyer in Maine should have the obligation to solve the property tax crisis and other financial burdens in Maine when you buy a home.  They believe that since this tax is "less than New Hampshire" that it won't matter to you if you end up needing to pay hundreds or thousands of additional dollars in taxes at closing.  The Maine Association of REALTORS believes this is YOUR money and they need to stay away from taking any additional part of the money that you will need for your home purchase.  Additional information about the proposal can be found at http://www.maineshakedown.com

We URGE you to contact legislators IMMEDIATELY to explain to them that you want to keep YOUR money and not pay any extra taxes solely because you want to buy a home in Maine.                 Message:  You are trying to buy a home and should NOT have to pay additional taxes when you do! 
To look up contact information for your legislators by town, go to this link - http://janus.state.me.us/house/townlist.htm

 

Posted by Rachel Anderson on June 6th, 2007 7:38 PMPost a Comment (0)
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