Maine

In State Info by TSL Admin


Primary Sale Type: Redeemable Tax Deed Secondary Type(s): OTC Sale Date(s): Varies: set by taxing jurisdiction Bid Type: Premium Bidding (whole lot) / Bidding-Down-Ownership (partial lot) Rate of Return: 8% per annum Redemption Period: 2 years from date of sale Over-the-Counter: Deed Statute Section(s): Title 36, Part 2, Chapter 105-9, Article 5 State Website: www.maine.gov State Overview: There are 16 counties in Maine and 433 towns. Maine often holds their sales on the municipal level. County Directory The two most populous areas in Maine are Cumberland (281,000+) and York (197,000+) County. Search Demographics: Maine is classified as a Redeemable Tax Deed state. The local Tax Collector shall sell annually at public auction, after the 1st Monday of February, all real estate on which any tax remains unpaid. Auction Process / Redemption: If the taxes, interest and charges are not paid, so much of the estate as is sufficient to pay …



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