An Act To Allow A Municipality To Sell Tax-Acquired Property In Any Manner Authorized By The Municipality'S Legislative Body

This bill (LD 745) allows Maine municipalities to sell property seized for unpaid taxes in any method approved by their local governing body (like a town council), after a specific legal deadline for challenging ownership has passed. It directly affects towns and cities that own tax-acquired properties, giving them flexibility in how they sell these properties - such as through auction, private sale, or direct sale - without needing state approval. The key requirement is that the municipality must pay the former owner any excess proceeds from the sale beyond what was owed in taxes, calculated according to existing law. This change simplifies the sales process for local governments while ensuring former owners receive fair compensation for overpayment.