1. How is the Maine real estate transfer tax divided?
Answer & explanation
Answer: C. 36 M.R.S. §4641-A(1)(B) imposes the tax one-half on the grantor and one-half on the grantee.
closing
Maine Real Estate Transfer Tax
Maine taxes each deed under 36 M.R.S. §4641-A at $2.20 per $500 or fraction of value, with an additional $3.80 per $500 on value above $1,000,000 for transfers beginning November 1, 2025. By statute the tax is split one half by the grantor and one half by the grantee. Common exemptions include government transfers, mortgage deeds, deeds without consideration between close family members, transfer-on-death deeds, and qualifying first-time homebuyer deeds with Maine State Housing Authority assistance.
- Exam tip
- Unlike many states, Maine splits the tax equally between buyer and seller by statute; round any fraction of $500 up.
- Example
- On a $300,000 sale: 600 units x $2.20 = $1,320 total, so the buyer and seller each pay $660.
Related terms & state variants
Sources
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Last verified: 2026-10-23