Wallethub released an analysis of property taxes in the United States, comparing the highest and lowest ranking states when it comes to real estate property taxes and vehicle property taxes.

While Maine ranked in the middle of the pack for real-estate property tax, Maine ranked in the top 10 of states taxed highest for vehicle property, according to this analysis.

Vehicle property tax ranking

Maine ranked 7th highest tax rate in this portion of the analysis out of all the states in the United States. The top 10 states with the highest vehicle taxing included:

  1. Virginia
  2. Mississippi
  3. Rhode Island
  4. Missouri
  5. Connecticut
  6. South Carolina
  7. Maine
  8. Massachusetts
  9. Kansas
  10. New Hampshire

The highest rate in the United States goes to Virginia which taxes a $25k vehicle at $1,023 with a tax rate of 4.04%. Comparatively, Maine would tax a $25k vehicle at $607 at a rate of 2.40%, ranking as the 45th on the list of the lowest property tax rates by state.

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The states with the lowest rates on the list do not tax vehicle property. The first 25 rankings of the lowest rates on the list all tied for first included New Jersey, Illinois, Vermont, Wisconsin, Texas, New York, Pennsylvania, Ohio, South Dakota, Oregon, Georgia, Oklahoma, Florida, New Mexico, Tennessee, Idaho, Utah, Delaware, District of Columbia, Hawaii.

How does Maine rank for real-estate property taxes compared to other states in the U.S.?

Another part of this report focused on real-estate property tax rates by state. Maine ranked closer to the higher side but pretty much in the middle portion of the list.

Maine ranked 36th on the list combining all the factors that wallet hub had put together to discern which states in the United States ranked the least amount of Real-Estate Property Tax Rates. Factors included the following:

  • Effective real-estate tax rate
  • Annual taxes on $217,500 home
  • State median home value
  • Annual taxes on home priced at state median value

Where do our vehicle taxes go in Maine?

According to investigative efforts by WGME in 2019, the money goes to the vehicle owner's municipality per the Communications Director of the Office of the Secretary of State, to maintain the public roads of that municipality.

For more information on the analysis from this report, see '2022's Property Taxes By State' from March 2, 2022 on Wallethub.com.

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