What happens if I don't pay my taxes on time in Maine?

If you fail to pay your taxes on time in Maine, there can be consequences imposed by Maine Revenue Services. Firstly, you may face penalties, which are a percentage of the unpaid tax amount, increasing over time. Additionally, interest will accrue on the unpaid balance until it is fully settled. Furthermore, the state may place a lien on your property, which means that it can be sold to cover the outstanding taxes. In extreme cases, the state can also take legal action by seizing your assets or garnishing your wages. It is crucial to file and pay your taxes on time to avoid these repercussions. If financial difficulties arise, it is advisable to contact Maine Revenue Services to explore possible payment options or request an extension.