Who Pays Inheritance Tax in Maine?


Quick Answer

Until Jan. 1, 2016, estates valued at over $2 million are subject to estate or inheritance tax in the state of Maine, states Nolo. The tax is levied directly on the estate, which includes the property of Maine residents and assets in Maine, such as real estate, that nonresidents own.

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Full Answer

In Maine, the estate of a person who dies on or after Jan. 1, 2013, and before Jan. 1, 2016, may be subject to state estate tax even if exempt from federal estate tax. Estates with a value under $2 million are not taxed in Maine. For larger estates, the rate of taxation increases with the estate's value, with a maximum rate of 12 percent, according to Maine Revenue Services.

Beginning Jan. 1, 2016, state taxes on estates in Maine that are exempt from federal estate taxes are no longer assessed, Nolo states

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