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Bustins Island
Bustins Island
Maine
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Bustins Island is an island in eastern Casco Bay, Maine, United States. It is part of the town of Freeport, in Cumberland County. The island has approximately 117 summer cottages. It operates its own ferry, the Lilly B, which debarks from the South Freeport town wharf. Typically, the ferry operates from Memorial Day weekend through Columbus Day weekend. Although physically located within Freeport, the Bustins Island Village Corporation is a self-governing entity. The island is named for John Bustion.

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Taxes

C

How did Maine earn the grade of C? We examined the state taxes based on how age friendly they are. Maine has a state sales tax of 5.50%. Of particular interest is that Maine does not have taxes on social security. There are estate taxes. There are no taxes imposed on inheritance. Maine has an effective property tax rate of 1.32%. Weighing these taxes and other taxes most likely to impact the aging population is how Maine earned its state tax grade of C.

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