Sec. 1. 36 MRSA §4641-A, sub-§1, as enacted by PL 2001, c. 559, Pt. I, §3 and affected by §15, is repealed.

Sec. 2. 36 MRSA §4641-A, sub-§1-A is enacted to read:

1-A.__Deeds.__A tax is imposed on each deed by which any real property in this State is transferred.

A.__The rate of tax imposed on the grantee is $2 for each $1,000 or fractional part of $1,000 of the value of the property transferred.

B.__The rate of tax imposed on the grantor is as set out in this paragraph.

(1)__For property valued at less than $300,000, the tax is $2 for each $1,000 or fractional part of $1,000 of the value of the property transferred.

(2)__For property valued at $300,000 or more but less than $400,000, the tax is $3 for each $1,000 or fractional part of $1,000 of the value of the property transferred.

(3)__For property valued at $400,000 or more but less than $500,000, the tax is $4 for each $1,000 or fractional part of $1,000 of the value of the property transferred.

(4)__For property valued at $500,000 or more but less than $600,000, the tax is $5 for each $1,000 or fractional part of $1,000 of the value of the property transferred.

(5)__For property valued at $600,000 or more but less than $700,000, the tax is $6 for each $1,000 or fractional part of $1,000 of the value of the property transferred.

(6)__For property valued at $700,000 or more but less than $800,000, the tax is $7 for each $1,000 or fractional part of $1,000 of the value of the property transferred.

(7)__For property valued at $800,000 or more but less than $900,000, the tax is $8 for each $1,000 or fractional part of $1,000 of the value of the property transferred.