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Me. Rev. Stat. tit. 33, § 1601-105

Separate titles and taxation

Known as the Maine Condominium Act

The act spans §§ 1601-101 to 1604-118 (75 sections).

Applied in 1 court decision — leading case First Main Street Corp. v. Board of Assessors (2000)

Most recently applied in First Main Street Corp. v. Board of Assessors (March 2000)

PL 1981, c. 699 (NEW).

(a) If there is any unit owner other than a declarant, each unit which has been created, together with its appurtenant interests, constitutes for all purposes a separate parcel of real estate.

(b) If there is any unit owner other than a declarant, each unit shall be separately taxed and assessed and no separate tax or assessment may be rendered against any common elements for which a declarant has reserved no development rights.

(c) Any portion of the common elements for which the declarant has reserved any development right to add real estate to a condominium or to withdraw real estate from a condominium, shall be separately taxed and assessed against the declarant, and the declarant alone is liable for payment of those taxes.

(d) If there is no unit owner other than a declarant, the real estate comprising the condominium may be taxed and assessed in any manner provided by law.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.