Maine Title Insurance Rate & ME Transfer Tax Cost Calculator
Easily calculate the Maine title insurance rate and Maine transfer tax. This calculator will estimate the title insurance cost and transfer tax for 1-4 unit residential properties.
The current rate for transfer tax is $2.20 per every five hundred dollars of consideration. The transfer tax is customarily split evenly between the seller and the purchaser. Maine has a withholding tax that is payable upon the sale of real estate by non-residents of Maine. The current withholding tax rate is 2.5% of the gross sales price. A non-resident may file for an exemption from this tax if they can prove that there was not a profit made on the sale. Please send me an E-mail if you see an error or want to make a comment.
Maine deed transfer tax rate
The transfer tax is levied on the two transactions listed below.
The tax rate is $2.20 per $500 or a fractional part of $500 of the property's value being transferred.
The tax is levied at 1/2 on the grantor and 1/2 on the grantee.
SOURCE: Maine Revenue Services