Maine Legislature, Session 122, LD 1857
Committee Amendment CA_A_H993 (House)
Amends: 33 MRSA §593

COMMITTEE AMENDMENT "A" to H.P. 1297, L.D. 1857, 
Act To Clarify Municipal Valuations of Resort Property" 
Bill, "An 
Amend the bill by striking out the title and substituting 
the following: 
'An 
Act 
Relating 
to 
the 
Assessment 
of 
Property 
Taxes 
on 
Time-share Property' 
Further amend the bill by striking out everything after the 
enacting clause and before the summary and inserting in its place 
the following: 
'Sec. 1. 33 MRSA §593, sub-§2, as amended by PL 1987, c. 358, 
§1, is further amended to read: 
2. 
Time-share estates as separate estates. 
estate constitutes for all purposes a 
separate 
property. 
Each 
time-share 
estate 
6Ra±± must 
Each time-share 
estate in real 
be 
separately 
assessed and taxed. 
In addition to other factors relevant to the 
val uation of a time-share estate considered by the assessor, the 
assessor may consider the real property value of the time-share 
estate declared in the declaration of value, if any, 
submitted 
under Title 36, section 4641-D. 
The filing and discharge of tax 
liens on more than one time-share estate owned by the same person 
are governed by Title 36, section 942-A. 
Sec. 2. 33 MRSA §593, sub-§5, as amended by PL 2003, c. 
229, 
§1, is further amended to read: 
5. 
Escrow account. 
If the managing entity collects money 
for taxes, it shall maintain an escrow account with a financial 
insti tution 
licensed 
by 
the 
State, 
and 
deposit 
any 
money 
collected or received for taxes in the escrow account wi thin 10 
COMMITTEE AMENDMENT 
,;, $~' 
, " 
COMMITTEE AMENDMENT "4,, to H.P. 1297, L.D. 1857 
days after collection or receipt. 
The escrow account must be 
established in the names of both the managing entity and the 
municipality in which the time-share estates are located. 
No 
withdrawal 
may 
be 
made 
from 
the 
escrow 
account without 
the 
written agreement of the municipality. 
Prior to the delinquency date established by the municipality in 
which the time-share estates are located, 
the managing entity 
shall pay to the municipal tax collector all money deposited in 
the escrow account for the purpose of tax payment. 
If the amount 
paid from the escrow account is not sufficient to discharge all 
taxes and tax-related costs, due and owing, the managing entity 
shall Fay--t-he--a-i.f.f-e-r-en£-e--aBe place a lien on those time-share 
estates whose owners have not contributed to the escrow account 
as provided in section 594, 
andT-i~ pay the outstanding amount no 
later than 30 days after the date it has collected the taxes and 
costs from the delinquent owner or has foreclosed the lien and 
sold the time-share estate to a new owner or 10 months from the 
date of commitment, whichever is earlier. 
If requested by the 
municipality, 
the 
managing 
entity 
shall 
provide 
a 
list 
identifying 
those 
owners 
and 
their 
interests, 
including 
the 
periods of ownership, to the municipal tax collectorL 
who may 
then proceed to collect the taxes on those interests as allowed 
by law. 
If 
the 
tax 
collector 
and 
treasurer 
use 
the 
lien procedure 
described in Title 36, sections 942, 
942-A and 943 to collect 
delinquent taxes on time-share estates, whenever a notice called 
for 
by Title 
36, 
section 
942, 
942-A or 
is sent to 
a 
time-share estate owner, the tax collector and treasurer shall 
give to the managing entity or leave at the managing entity's 
last and usual place of abode or send to the managing entity by 
certified mail, return receipt requested, either a 
copy of the 
notice sent to the time-share estate owner or a notice that lists 
all 
time-share 
estate 
owners 
to 
whom 
notices 
have 
been 
delivered. 
For sending the notice or notices to the managing 
entity, the tax collector or treasurer is entitled to receive $5 
plus all certified mail, return receipt requested fees, plus the 
cost of any photocopying. 
Sec. 3. Application. 
This Act applies to taxes assessed based 
on the status of property on or after April 1, 2006.' 
SUMMARY 
This amendment clarifies that an assessor may consider the 
value of a time-share estate listed on a declaration of value 
form under the real estate transfer tax when valuing the property 
for property tax purposes. 
The amendment also provides that a 
managing entity of time-share property that collects money for 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT "A" to H.P. 1297, L.D. 1857 
property taxes must pay outstanding property tax amounts no later 
than 30 days after the date it has collected those taxes or 10 
months after the date of the property tax commitment, whichever 
is earlier. 
COMMITTEE AMENDMENT