Portland, ME — income, home value, property tax, and sales tax.
In ZIP code 04029, near Portland, homes carry a median value of $300,000, and the county's 1.04% effective property tax rate translates to roughly $3,120 a year. With median household income at $77,813, that tax bill equals about 4% of annual earnings before any exemptions. Per-capita income sits at $38,717, so single earners may feel the pinch more sharply than dual-income households. A 5.50% combined sales tax adds a bit more to everyday costs. Buyers weighing a move here should factor the yearly tax payment into their monthly housing math alongside any mortgage.
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