New Mexico vs Maine Taxes: Income, Property & Sales

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

New Mexico vs Maine Income Tax Comparison

	New Mexico	Maine
Income Tax Rates & Thresholds	1.70%: $0-$5,500 3.20%: $5,501-$11,000 4.70%: $11,001-$16,000 4.90%: $16,001-$210,000 5.90%: $210,001+	5.80%: $0-$23,000 6.75%: $23,001-$54,450 7.15%: $54,451+
Median Income	$56,420	$75,160
Income Tax Paid On Median Household Income	$7,031	$12,997
Income After Tax Based on Median Household Income	$49,389	$62,163

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New Mexico vs Maine Property Tax Comparison

	New Mexico	Maine
Average Property Tax Rate	0.60%	0.89%
Average House Price By State	$293,766	$380,374
Average Property Tax Owed Per Year	$1,763	$3,385
Income After Income Taxes & Property Taxes Based On Median State Household Income	$47,626	$58,778

New Mexico vs Maine Sales Tax Comparison

	New Mexico	Maine
Average State Sales Tax	5.13%	5.50%
Average Local Sales Tax Across the State	2.71%	0.00%
Average Combined Sales Tax Rate	7.84%	5.50%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,462	$3,064
Maximum Disposable Income Based on Median Household Income	$44,164	$55,713

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

	New Mexico	Maine
Income Tax Owed	$4,086	$4,351
After Tax Income	$35,914	$35,649
Income After Income & Property Tax	$34,151	$32,264
Maximum Disposable Income After Income, Property & Sales Taxes	$31,669	$30,582

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

	New Mexico	Maine
Income Tax Owed	$7,994	$8,625
After Tax Income	$52,006	$51,375
Income After Income & Property Tax	$50,243	$47,990
Maximum Disposable Income After Income, Property & Sales Taxes	$46,591	$45,488

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

	New Mexico	Maine
Income Tax Owed	$13,374	$14,407
After Tax Income	$66,626	$65,593
Income After Income & Property Tax	$64,863	$62,208
Maximum Disposable Income After Income, Property & Sales Taxes	$60,148	$58,965

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

	New Mexico	Maine
Income Tax Owed	$18,754	$20,237
After Tax Income	$81,246	$79,763
Income After Income & Property Tax	$79,483	$76,378
Maximum Disposable Income After Income, Property & Sales Taxes	$73,705	$72,396

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

	New Mexico	Maine
Income Tax Owed	$11,704	$12,445
After Tax Income	$88,296	$87,555
Income After Income & Property Tax	$86,533	$84,170
Maximum Disposable Income After Income, Property & Sales Taxes	$80,242	$79,782

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

	New Mexico	Maine
Income Tax Owed	$24,209	$25,900
After Tax Income	$125,791	$124,100
Income After Income & Property Tax	$124,028	$120,715
Maximum Disposable Income After Income, Property & Sales Taxes	$115,012	$114,421

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

	New Mexico	Maine
Income Tax Owed	$37,659	$40,475
After Tax Income	$162,341	$159,525
Income After Income & Property Tax	$160,578	$156,140
Maximum Disposable Income After Income, Property & Sales Taxes	$148,904	$148,000

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

	New Mexico	Maine
Income Tax Owed	$52,028	$55,969
After Tax Income	$197,972	$194,031
Income After Income & Property Tax	$196,209	$190,646
Maximum Disposable Income After Income, Property & Sales Taxes	$181,945	$180,707

FAQ

Does New Mexico or Maine have lower income taxes?

New Mexico’s income tax falls into the following range:

• 1.70%: $0-$5,500
• 3.20%: $5,501-$11,000
• 4.70%: $11,001-$16,000
• 4.90%: $16,001-$210,000
• 5.90%: $210,001+

Whereas Maine’s income tax is the following

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

Does New Mexico or Maine have lower property taxes?

New Mexico has an average property tax rate of 0.60%

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

Does New Mexico or Maine have lower sales taxes?

New Mexico has a state sales tax rate of 5.13% and an average local rate of 2.71% for a combined total rate of 7.84%.

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 New Mexico or Maine?

Based on median household income after income, property and sales taxes New Mexico gives you a maximum amount of disposable income of $44,164

In comparison, Maine gives you $55,713.

More Comparisons:

New Mexico vs Montana
New Mexico vs Rhode Island
New Mexico vs Delaware
New Mexico vs South Dakota
New Mexico 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/