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Archive for the ‘Taxes’ Category

QUESTION:
In May, 2007, I sold my house in Limerick Maine to a single woman.  It was a cash deal ( no Lender was involved ).  I had paid the tax bill due on March 15, 2007 which, I understand paid me in advance through June 30, 2007. In fact, at closing, I received a credit [...]

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QUESTION:  
Can you explain to me how real estate taxes work in Maine?  I recently paid my tax bill on April 15, 2007, the due date.  What period does that pay for?
 
BOB’S ANSWER: 
In Maine, the cities and towns operate on a fiscal year (beginning July 1st  and ending June 30th).  When you paid your April payment, [...]

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