Maine title insurance rate calculator is based on Stewart Title Guaranty
rates for 1 – 4 unit residential properties and condominiums. The buyer
customarily pays for both the owner's and loan policies in Maine.
Mortgage Transfer Taxes: The State of Maine
does not have a mortgage tax. Search and Examination
Fees: The purchaser customarily pays the search and examination
fees. Deed Transfer Taxes and Documentary Stamps:
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. Additional title insurance calculators
can be found here:
Title Insurance Page
The calculators and information contained herein are made available to
you as a self-help tool for illustrative use only. Examples are hypothetical.
We can not and do not guarantee the applicability or accuracy in regards
to your individual circumstances. I encourage you to seek personalized advice
from qualified professionals.