Property Tax in Scarborough
The property tax mil rate in Maine includes both the school and the municipal costs. The mil rate is expressed in reference to $1,000 in taxable valuation.
For Scarborough the FY 2017 mil rate is $15.92 per $1,000 of valuation. Our assessment ratio is 100%
Scarborough compares favorably to other communities in Maine for FY 2017.
- Falmouth $15.09
- Scarborough $15.92
- South Portland $17.70
- Biddeford $19.86
- Westbrook $18.40
- Augusta $19.79
- Saco $19.42
- Bath $21.10
- Portland $21.11
- Bangor $22.50
Business Equipment Tax Exemption (BETE) and the Business Equipment Tax Reimbursement (BETR)
The State of Maine provides an exemption from property taxes for certain types of business equipment and a reimbursement for other types of business equipment. For a tutorial to find the right program for your business, Click here to download a pdf. Additional information can be found on the State’s Website.
To visit the State of Maine’s Property Tax Division Webpage, click here
Other important Tax information for Businesses:
The State of Maine’s general sales tax rate is 5.5%, meals, drinks and lodging are taxed at 8%. A pdf reference guide to sales and use law is available here. To go to the State’s website for more info click here
Service Provider Tax:
Certain services are subject to a service provider tax. To determine if you are subject to the tax, click here.
Corporate Income Tax:
Maine imposes an income tax on all entities organized as corporations (except S corporations) and that have Maine-source income. The corporate income tax is graduated, with rates ranging from 3.5% (for income up to $25,000) to 8.93% (for income in excess of $250,000).