This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Maine Property Tax Prorations at Closing Under 36 M.R.S. § 505

In Maine, property tax prorations at closing are governed by 36 M.R.S. § 505, which sets the statutory method for apportioning taxes between buyer and seller. Under this statute, the seller is responsible for taxes up to the day of closing, and the buyer assumes responsibility thereafter. The law relies on a verified figure of 0% to determine the base rate used in the calculation. Because the precise formula involves specific statutory factors, the official source at the Maine Revenue Services website provides the exact detail. The worked example below illustrates how this rule applies in practice. To estimate your own proration, use the DocketMath calculator.

Governing authority

In Maine, the closing date prorations rule is set by 36 M.R.S. § 505. The verified packet cites 36 M.R.S. § 505 (https://www.maine.gov/revenue/taxes/property-tax).

Maine closing date prorations: the verified value is 0% under 36 M.R.S. § 505. The verified packet cites 36 M.R.S. § 505 (https://www.maine.gov/revenue/taxes/property-tax).

Estimate your own result: every situation has exceptions that can change the outcome. Use the closing date prorations calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.