Maine revenue sov 2025

Show details

4.3 out of 5

164 votes

The document is the 2021 Maine Estate Tax Statement of Value (Form 700-SOV), intended for nontaxable estates that do not require a federal estate tax return. It allows personal representatives to request a discharge of an estate tax lien on Maine property if the gross estate value is $5.87 million or less. The form includes sections for personal and authorized representatives, residency status, and declarations regarding the estate's value, along with instructions for submission to Maine Revenue Services.

Here's how it works

01. Edit your got sov online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send maine certificate of discharge of estate tax lien via email, link, or fax. You can also download it, export it or print it out.

The best way to edit Maine revenue sov in PDF format online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Working on documents with our extensive and intuitive PDF editor is straightforward. Follow the instructions below to complete Maine revenue sov online easily and quickly:

Log in to your account. Log in with your email and password or create a free account to test the product before upgrading the subscription.
Import a form. Drag and drop the file from your device or import it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
Edit Maine revenue sov. Quickly add and highlight text, insert images, checkmarks, and icons, drop new fillable fields, and rearrange or delete pages from your paperwork.
Get the Maine revenue sov accomplished. Download your modified document, export it to the cloud, print it from the editor, or share it with other participants through a Shareable link or as an email attachment.

Take advantage of DocHub, one of the most easy-to-use editors to quickly manage your documentation online!

See more maine revenue sov versions

We've got more versions of the maine revenue sov form. Select the right maine revenue sov version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2023	4.3 Satisfied (30 Votes)
2022	4.8 Satisfied (63 Votes)
2021	4.3 Satisfied (164 Votes)
2020	4.4 Satisfied (160 Votes)
2019	4.3 Satisfied (142 Votes)
2018	4.2 Satisfied (29 Votes)
2017	4.1 Satisfied (38 Votes)
2016	4.3 Satisfied (115 Votes)
2015	4.3 Satisfied (48 Votes)
2013	4.3 Satisfied (62 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the revenue withholding for real estate in Maine?

The amount to be withheld is equal to 2.5% of the sale price. Note that for sales occurring on or after January 1, 2021, this withholding requirement applies to sales of property only when the consideration paid is $100,000 or more (previously $50,000).

How much is the Maine real estate transfer tax?

Maine deed transfer tax rate The tax rate is $2.20 per $500 or a fractional part of $500 of the propertys value being transferred. The tax is levied at 1/2 on the grantor and 1/2 on the grantee.

What is Maine withholding tax?

Single Tax Withholding Table If the Amount of Taxable Income Is:The Amount of Tax Withholding Should Be: Over $0 but not over $26,050 $0.00 plus 5.8% over $0 Over $26,050 but not over $61,600 $1,511.00 plus 6.75% of excess over $26,050 Over $61,600 $3,911.00 plus 7.15% of excess over $61,600 Mar 21, 2024

What is the formula for revenue sharing in Maine?

The REV-I calculations work as follows: (population x assessment)/state valuation = computed number. computed number/sum of all computed numbers = proportional share of REV-I distributions.

What is the state withholding rate in Maine?

Maine State Income Tax (SIT) Filing StatusIncome Tax Bracket [Over X] - [But not over Y]2025 Income Tax Rates Single $0 - $26,800 5.80% of excess over $0 $26,800 - $63,450 $1,554 + 6.75% of excess over $26,800 $63,450 or greater $4,028 + 7.15% of excess over $63,450 Married $0 - $53,600 5.80% of excess over $02 more rows Jan 14, 2025

maine gov refund status

Maine revenue sov address Maine revenue sov 2021 Maine Tax Portal Maine Revenue Services certificate of discharge of estate tax lien Maine estate tax Maine Estate Tax Return 2024

How much is the inheritance tax in Maine?

There is no inheritance tax in Maine. If you get an inheritance from someone out of state, though, the local laws of that state may apply to you.

What is the estate tax threshold in Maine?

Maine Estate Tax Exemption The estate tax threshold for Maine is $7 million in 2025. If your estate is worth less than that, Maine wont charge estate tax on it. If it is worth more than that, youll owe a percentage of the estate to the government based on a series of progressive rates.

How to avoid inheritance tax in Maine?

Heirs wont have to file a state estate tax return if the value of the estate is worth less than $7 million, because the 2025 estate tax threshold for Maine is $7 million. That means if you die and your total estate is worth less than $7 million, Maine wont collect any tax.