10/17/2025
Starting November 1st!
Changes to Maine Transfer Tax for closings starting November 1, 2025.
A new tiered transfer tax kicks-in for property sales over $1M.
Up to $1M: Unchanged at $2.20 per $500 (tier 1);
Over $1M: $6 per $500 on the amount above $1M (tier 2)
Example: Sale price of $1.6M
➡ First $1M = base rate (tier 1)
➡ Extra $600K = higher rate (tier 2)
Buyers & sellers continue to split this tax unless agreed otherwise.
Questions? We're here to help! Call us at (603) 766-8121