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Maine
By the Numbers

Maine Below is a snapshot of key features of Maine's tax system. (Scroll Down)
State & Local Revenue (FY10)
  • General Revenue, Own-Source (GROS): $7.8 billion
  • General Revenue as a Share of Income: 16.2%
  • Tax Revenue: $5.8 billion
  • Tax Revenue as Share of income: 12.1%
  • Personal Income Tax (Share of Tax Revenue): 22.3% (24 out of 51)
  • Corporate Income Tax (Share of Tax Revenue): 3.0 % ( 21 out of 51)
  • Sales & Excise Tax (Share of Tax Revenue): 28.7 % ( 39 out of 51)
  • Property Tax (Share of Tax Revenue): 40.6 % ( 10 out of 51)
  • Other Taxes (Share of Tax Revenue): 3.7 % (35 out of 51)
Personal Income Tax Features (2012)
  • Range of Tax Rates: 2.0% - 8.5%
  • Standard Deduction: $5,950 ($11,900 for Married Couples)
  • Personal Exemption: $2,850
  • Dependent Exemption: $2,850
  • Earned Income Tax Credit (EITC): 5% Nonrefundable
  • Changes to rates (top rate drops to 7.95%) and personal exemption take full effect in 2013.
Corporate Income Tax Features (2012)
  • Range of Tax Rates: 3.50% - 8.93%
  • Income Level at Which Top Rate Applies: $250,000
  • Combined Reporting: Yes
  • Apportionment Factor (Payroll): 0%
  • Apportionment Factor (Property): 0%
  • Apportionment Factor (Sales): 100%
Sales Tax Features (2012)
  • State Sales Tax Rate: 5.00%
  • Average Local Sales Tax Rate: N/A
  • Average Combined State & Local Sales Tax Rate: 5.00%
  • State Sales Tax Treatment of Groceries: Exempt
  • Local Sales Tax Treatment of Groceries: N/A
  • Number of Services Taxed: 25 out of 168 surveyed (2007)
  • Streamlined Sales Tax Membership: No
  • Sales tax applies to digital goods and services
Property Tax Features (2012)
  • Provides a circuit breaker for homeowners and renters of all ages
  • Counties and municipalities subject to revenue caps based on inflation, new property growth, and income growth.
Other Tax & Revenue Features (2012)
  • Gasoline Tax Rate (per gallon): $0.315
  • Diesel Tax Rate (per gallon): $0.327
  • Cigarette Tax Rate (per pack): $2.00
  • Estate or Inheritance Tax: Yes
  • Net Lottery Sales Per Capita: $153 (2010)
Tax Policy Oversight
  • Tax Expenditure Report: Yes
  • Tax Incidence Analysis Capability: Multiple taxes

Last Updated October 4, 2012

Sources & Glossary