AN ORDINANCE CONCERNING THE COLLECTION AND PAYMENT OF PROPERTY TAXES ON TIME-SHARE ESTATES
Section 1 - This ordinance is adopted pursuant to authority granted by 33 M.R.S.A. Section 593 (4) and 30-A M.R.S.A. Section 3001 and applies to all time-share properties in the Town of Kennebunkport.
Section 2 - Beginning with the 1996 tax year, the managing entity for each time-share project shall collect and receive money from time-share estate owners for the purpose of paying the Town of Kennebunkport property taxes assessed on time-share estates within the time-share project.
Section 3 - The Tax Collector shall send the managing entity for each time-share project a tax bill and information necessary to identify the assessed value of each time-share unit.
Section 4 - Each managing entity that collects taxes under this ordinance shall maintain an escrow account and pay the taxes in accordance with the provisions of 33 M.R.S.A. Section 593 (5).
Section 5 - This ordinance shall be effective upon its adoption by the Selectmen of the Town of Kennebunkport, County of York and State of Maine and shall apply to taxes assessed on an after April 1, 1996.
Approved by the Board of Selectmen on April 25, 1996.
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