4.__Liability.__A transferee of real property is liable for payment of the transfer tax.

§4641-P Determination and collection of tax

1.__Taxable base.__The base to which the municipal real estate transfer tax under this chapter applies is the declared value of the property under section 4641-D, except that if the property subject to the tax is the primary residence of the transferee, an amount not less than $50,000 must be subtracted from the base.__ An amount more than $50,000 may be subtracted by a municipality if the larger amount is specified in the referendum question.

2.__Exemptions.__The following transfers are not subject to a municipal real estate transfer tax:

A.__A transfer that is exempt from the state real estate transfer tax under section 4641-C;

B.__A transfer in which the transferee is a resident of the municipality and is acquiring a property to be used as the transferee's primary residence within that same municipality; and

C.__A transfer in which the property acquired is contiguous to the transferee's primary residence or place of business for the purpose of enlarging that property for__the transferee's occupancy or existing business activities.

3.__Action by register of deeds.__Within 30 days of recording a transfer of real property within a municipality with a municipal real estate transfer tax in effect, the register of deeds of the county in which the municipality is located shall notify that municipality of the transfer.__The register shall provide the following information to the municipality:

A.__The name and address of the transferee;

B.__The location of the real property subject to the transaction;

C.__The effective date of the transaction; and