Colorado vs Maine Taxes: Income, Property & Sales

Does Colorado or Maine have lower taxes? We answer that in a variety of ways below:

Colorado vs Maine Income Tax Comparison

	Colorado	Maine
Income Tax Rates & Thresholds	4.40%	5.80%: $0-$23,000 6.75%: $23,001-$54,450 7.15%: $54,451+
Median Income	$89,930	$75,160
Income Tax Paid On Median Household Income	$16,055	$12,997
Income After Tax Based on Median Household Income	$73,875	$62,163

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Colorado vs Maine Property Tax Comparison

	Colorado	Maine
Average Property Tax Rate	0.40%	0.89%
Average House Price By State	$555,300	$380,374
Average Property Tax Owed Per Year	$2,221	$3,385
Income After Income Taxes & Property Taxes Based On Median State Household Income	$71,654	$58,778

Colorado vs Maine Sales Tax Comparison

	Colorado	Maine
Average State Sales Tax	2.90%	5.50%
Average Local Sales Tax Across the State	4.87%	0.00%
Average Combined Sales Tax Rate	7.77%	5.50%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$5,166	$3,064
Maximum Disposable Income Based on Median Household Income	$66,488	$55,713

After Tax Comparison Earning $40,000 Per Year Filing As Single

	Colorado	Maine
Income Tax Owed	$4,271	$4,351
After Tax Income	$35,729	$35,649
Income After Income & Property Tax	$33,508	$32,264
Maximum Disposable Income After Income, Property & Sales Taxes	$31,092	$30,582

After Tax Comparison Earning $60,000 Per Year Filing As Single

	Colorado	Maine
Income Tax Owed	$8,109	$8,625
After Tax Income	$51,891	$51,375
Income After Income & Property Tax	$49,670	$47,990
Maximum Disposable Income After Income, Property & Sales Taxes	$46,089	$45,488

After Tax Comparison Earning $80,000 Per Year Filing As Single

	Colorado	Maine
Income Tax Owed	$13,419	$14,407
After Tax Income	$66,581	$65,593
Income After Income & Property Tax	$64,360	$62,208
Maximum Disposable Income After Income, Property & Sales Taxes	$59,720	$58,965

After Tax Comparison Earning $100,000 Per Year Filing As Single

	Colorado	Maine
Income Tax Owed	$18,729	$20,237
After Tax Income	$81,271	$79,763
Income After Income & Property Tax	$79,050	$76,378
Maximum Disposable Income After Income, Property & Sales Taxes	$73,350	$72,396

After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly

	Colorado	Maine
Income Tax Owed	$11,852	$12,445
After Tax Income	$88,148	$87,555
Income After Income & Property Tax	$85,927	$84,170
Maximum Disposable Income After Income, Property & Sales Taxes	$79,732	$79,782

After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly

	Colorado	Maine
Income Tax Owed	$24,182	$25,900
After Tax Income	$125,818	$124,100
Income After Income & Property Tax	$123,597	$120,715
Maximum Disposable Income After Income, Property & Sales Taxes	$114,686	$114,421

After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly

	Colorado	Maine
Income Tax Owed	$37,457	$40,475
After Tax Income	$162,543	$159,525
Income After Income & Property Tax	$160,322	$156,140
Maximum Disposable Income After Income, Property & Sales Taxes	$148,763	$148,000

After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly

	Colorado	Maine
Income Tax Owed	$51,651	$55,969
After Tax Income	$198,349	$194,031
Income After Income & Property Tax	$196,128	$190,646
Maximum Disposable Income After Income, Property & Sales Taxes	$181,987	$180,707

FAQ

Does Colorado or Maine have lower income taxes?

Colorado’s income tax falls into the following range: 4.40%

Whereas Maine’s income tax is the following

• 5.80%: $0-$23,000
• 6.75%: $23,001-$54,450
• 7.15%: $54,451+

Does Colorado or Maine have lower property taxes?

Colorado has an average property tax rate of 0.40%

In comparison, Maine has an average property tax rate of 0.89%

Does Colorado or Maine have lower sales taxes?

Colorado has a state sales tax rate of 2.90% and an average local rate of 4.87% for a combined total rate of 7.77%.

In contrast, Maine has a state sales tax rate of 5.50% and an average local rate of 0.00% for a combined total rate of 5.50%.

Do you get to keep more money in Colorado or Maine?

Based on median household income after income, property and sales taxes Colorado gives you a maximum amount of disposable income of $66,488

In comparison, Maine gives you $55,713.

More Comparisons:

Colorado vs Montana
Colorado vs Rhode Island
Colorado vs Delaware
Colorado vs South Dakota
Colorado vs North Dakota

Sources:

https://en.wikipedia.org/wiki/State_income_tax#Rates_by_jurisdiction

https://www.bankrate.com/real-estate/property-tax-by-state/#by-state

https://fred.stlouisfed.org/release/tables?eid=259515&rid=249

https://www.fool.com/the-ascent/research/average-house-price-state/

https://taxfoundation.org/data/all/state/2022-sales-taxes/

https://www.forbes.com/advisor/income-tax-calculator/