Maine’s pool of money from taxes on home sales is growing. How is it being used?

Maura Pillsbury, a tax policy analyst for the progressive Maine Center for Economic Policy, said Maine’s transfer tax had lagged behind other New England states for decades. She argued that the increased tax rate for homes over $1 million will effectively raise revenue by targeting buyers who are able to afford the extra cost.

Click here to read the full story, first published March 31, 2026 in The Maine Monitor.