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Peaks Island
Peaks Island
Maine
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Peaks Island is the most populous island in Casco Bay, Maine. It is part of the city of Portland and is approximately 3 miles (4.8 km) from downtown. The island became a popular summer destination in the late 19th century, when it was known as the Coney Island of Maine, home to hotels, cottages, theaters, and amusement parks.The island had an average population of 927 from the years of 2011 to 2015. While small, the island hosts a variety of businesses including an ice cream parlor, restaurant, grocery store, kayak rentals, golf cart rentals, art galleries, the Fifth Maine Regiment Museum and the Umbrella Cover Museum, among others.

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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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