Portland, ME — income, home value, property tax, and sales tax.
Homes in ZIP code 04017, near Portland, carry a median value of $651,400, and the county-level effective property tax rate of 1.04% translates to roughly $6,775 in annual property taxes on such a home. With median household income at $67,639, that tax bill equals about 10% of yearly household earnings, a substantial share of the budget. Per-capita income sits at $54,167. A combined sales tax rate of 5.50% adds further cost to everyday purchases, compounding the pressure created by high home values against more moderate earnings in this area.
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