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  • Me Rew-2 2022

Get Me Rew-2 2022-2026

ClearPrintMaine Real Estate Withholding Form REW2 Residency Affidavit, Individual Transferor, Maine Exception 3(A)Maine Revenue Services Income/Estate Tax Division NEW Telephone: 207626847336 M.R.S.

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How to fill out the ME REW-2 online

Filling out the ME REW-2 form online is an important step for sellers of real estate in Maine to certify their residency status. This guide provides clear and step-by-step instructions to help users complete the form accurately and efficiently.

Follow the steps to complete the ME REW-2 online form.

  1. Click 'Get Form' button to access the ME REW-2 online form and open it in the browser.
  2. In the first section, certify the residency status by checking the appropriate box(es). Ensure you check only the boxes that apply regarding your residency in Maine.
  3. Fill in your name as the seller in the designated space provided below the certification section.
  4. Provide the seller’s social security number in the specified field. This information is necessary for tax purposes.
  5. Enter the seller’s current home mailing address. It should not be the address of the transferred property.
  6. Indicate the date of transfer in the appropriate field, ensuring it reflects the actual date of the real estate transaction.
  7. Fill in the address of the transferred property in the designated section.
  8. Sign and date the form where indicated, and ensure to provide your spouse’s signature if the property is jointly held.
  9. Complete the notary section as required, ensuring that it includes the correct state and county information, as well as the notary’s signature and date.
  10. Review the completed form for accuracy before finalizing. You can save changes, download, print, or share the completed form as needed.

Complete your ME REW-2 form online today to ensure a smooth real estate transaction.

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*$244,900 is the median home value in the U.S. as of 2021, the year of the most recent available data....Real-Estate Property Tax Rates by State. Rank (1=Lowest)36StateMaineEffective Real-Estate Tax Rate1.28%Annual Taxes on $244.9K Home*$3,143State Median Home Value$212,10050 more columns • Feb 21, 2023

Montgomery, where the median home value is only about $127,000, takes the prize for the metro area with the lowest average property taxes, averaging just $609 per year, ing to ATTOM, which analyzed roughly 220 metro areas.

Some individuals may be eligible for an exemption or reduction of the required REW payment. To apply for an exemption or reduction, use Form REW-5. This form must be submitted at least 5 business days prior to the closing. Forms not received timely may be denied an exemption or reduction.

Note: Federally taxable gains on the sale of Maine real property are taxable by Maine, even if the total consideration is less than $100,000.

Maine residents seeking low property tax rates might want to consider Hancock County. The county's average effective property tax rate of 1.03% is the lowest in the state and below the state average of 1.09%.

Cheyenne, Wyoming While not an obvious candidate, Cheyenne, Wyoming tops the list of U.S. cities with the lowest tax rates. Cheyenne tax rates are low across the board, with an average 9.7% rate for lower-income families.

Property Tax Stabilization for Senior Citizens, also known as the Property Tax Stabilization Program (the “Program”), is a State program that allows certain senior-citizen residents to stabilize, or freeze, the property taxes on their homestead.

A partnership or S corporation subject to withholding requirements may elect to file a composite tax return to include all the Maine-source income of nonresident partners/shareholders on one Maine income tax return. More information about composite filing can be found on the forms page, from the link above.

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