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pursuant to section 383.__In determining the amount of just | | value exemption applicable to each estate for purposes of | | subsection 1, the assessor shall divide the local assessed value | | of each estate by the ratio of current just value upon which the | | assessment is based.__If the title to a homestead is held by the | | applicant jointly or in common with others, the exemption may | | not exceed $7,000 of the just value of the homestead with a just | | value of less than $125,000, or $5,000 of the just value of the | | homestead with a just value of at least $125,000 but less than | | $250,000, or $2,500 of the just value of the homestead with a | | just value of $250,000 or greater, but may be apportioned among | | the owners who reside on the property to the extent of their | | respective interests.__A municipality responsible for | | administering the homestead exemption has no obligation to | | create separate accounts for each partial interest in a | | homestead owned jointly or in common. |
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| | | Sec. BB-3. Application. This Part applies to property tax | | valuations determined on or after April 1, 2003. |
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| | | Sec. CC-1. 36 MRSA §2513, as amended by PL 1997, c. 496, §1 and | | c. 660, Pt. B, §4, is further amended to read: |
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| | | §2513. Tax on premiums and annuity considerations |
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| | | Every insurance company or association that does business or | | collects premiums or assessments including annuity | | considerations in the State, except those mentioned in section | | 2517, including surety companies and companies engaged in the | | business of credit insurance or title insurance, shall, for | | the privilege of doing business in this State, and in addition | | to any other taxes imposed for such privilege pay a tax upon | | all gross direct premiums including annuity considerations, | | whether in cash or otherwise, on contracts written on risks | | located or resident in the State for insurance of life, | | annuity, fire, casualty and other risks at the rate of 2% a | | year. Every surplus lines insurer that does business or | | collects premiums in the State shall, for the privilege of | | doing business in this State, and in addition to any other | | taxes imposed for such privilege, pay a tax upon all gross | | direct premiums, whether in cash or otherwise, on contracts | | written on risks located or resident in the State at the rate | | of 3% a year. The tax must be paid by the insurer's licensed | | producer with surplus lines authority pursuant to Title 24-A, | | section 2016. For purposes | | of this section, the term "annuity considerations" includes | | amounts paid to an insurance company when received for the | | purchase of a contract that may result in an annuity, even | | when the annuitization never occurs or |
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