Palermo, ME — income, home value, property tax, and sales tax.
In ZIP 04973, near Palermo, homes carry a median value of $284,000, and the county-level property tax rate of 1.04% works out to roughly $2,954 a year on such a home. With median household income at $87,000, that tax equals about 3.4% of annual earnings, a share many homeowners can absorb without straining other spending. Per-capita income stands at $40,479. A combined sales tax of 5.50% applies to purchases in the area, adding a bit to everyday costs but leaving the overall picture one of steady housing affordability.
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