Maine is one of the states in the US, where the government collects a state death tax,
which is collected upon the transfer of an estate of the deceased individual.
To all the individuals owning a property, either residential or a commercial one, and
to all the non residential individuals with a real estate are subject to state estate taxes.
Changes in the tax guidelines:
The Maine real estate laws have changed over the past few years.
Some of them are as follows:
- Maine estate tax will be applicable to the value of the estate.
- The estate tax, that should be paid according to the real estate law increased up to $2,000.000.