Sec. 2. 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. Each time-share estate constitutes for all purposes a separate estate in real property. Each time-share estate shall must be separately assessed and taxed. In ascertaining time-share estate valuation, the municipal assessor shall determine real property values by utilizing traditional valuation methods and techniques for comparable sales of physically comparable property that is not subject to time-share form of ownership.__Neither the cumulative total purchase price paid by the time-share purchasers for a time-share unit nor the total purchase price paid by a purchaser of a time-share estate may be utilized by the municipal assessor as a factor in determining the assessed value of the time-share estate. 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. 3. 33 MRSA §593, sub-§4, as amended by PL 1991, c. 197, §1, is further amended to read:

4. Collection and receipt of money for taxes; tax bills. The managing entity may collect and receive money from time-share estate owners for the purpose of paying taxes assessed on time- share estates.

If Unless otherwise required by an ordinance enacted by the municipal officers, the managing entity shall collect and receive money from time-share estate owners for the purpose of paying taxes assessed on time-share estates. The ordinance must also require that the municipality send the managing entity a tax bill