In the northern region of the country is the state of Maine. The largest state in New England, it is also the one that borders the east. Maine is renowned for its untamed forests, lakes, and coastline. Additionally, it is well-known for its delectable seafood, especially for its lobsters, which are the state’s most well-known export.
Maine is famous for its lighthouses in addition to its lobsters. Maine boasts more than 60 lighthouses that have directed mariners for centuries along its 3,500 miles of coastline. The Portland Head Light, West Quoddy Head Light, and Nubble Light are a few of the most well-known lighthouses.
The sales tax rate in Maine is 5.5%, which is quite low when compared to other states. In Maine, however, there is a tax on groceries. As a result, locals are required to pay sales tax on their grocery purchases.
With a combined state and local sales tax rate of 9.47%, California has the highest sales tax rate in the US. Tennessee and Louisiana come in second and third, respectively, with combined rates of 9.47% and 9.45%.
Seniors in Maine who are at least 62 years old and have household incomes under $40,000 are eligible for a property tax relief program. The Property Tax Fairness Credit is a program that offers tax credits to qualified seniors based on their income and amount of property taxes owed.
Additionally, Maine enables homeowners who have resided in their homes for at least a year and utilize the property as their primary residence with property tax savings under the homestead exemption program. The homeowner must live in Maine and qualify for the program with a household income under $20,000.
In conclusion, Maine is a state renowned for its seafood, lighthouses, and scenic beauty. Maine has a very low sales tax compared to other states, despite the fact that groceries are taxed in the state. Programs for reducing property taxes like the Homestead Exemption Program and the Property Tax Fairness Credit can help homeowners and senior citizens in Maine.