Tax Comparison: Lovell, ME vs West warwick, RI
Understanding Your Tax Burden
This page compares the three main types of taxes between Lovell, ME and West warwick, RI: property tax, income tax, and sales tax. Each of these has a different impact on your overall cost of living.
Property Tax Comparison
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services. They're typically based on the assessed value of your property.
Our property tax estimates are based on:
- U.S. median home value: $419,200 (2023 data)
- Local effective tax rates for both cities
Lovell, ME
$4,584
Based on a $419,200 home
Rate: 1.0936%
West warwick, RI
$6,156
Based on a $419,200 home
Rate: 1.4684%
| Data | Lovell, ME | West warwick, RI |
|---|---|---|
| Effective Property Tax Rate | 1.0936% | 1.4684% |
| Estimated Property Tax | $4,584 | $6,156 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Lovell, ME are $1,571 lower than in West warwick, RI for the same home value.
State Income Tax Comparison
Income tax rates and brackets vary by state, impacting residents' overall tax burden. The estimates below are based on standard deductions and typical filing scenarios.
Our income tax estimates consider:
- Single filer: $100,000 annual income
- Married couple: $200,000 combined income
- Median income: $80,600 annual income
ME
5.8%-7.15%
Single: $5,715
Married: $10,287
RI
3.75%-5.99%
Single: $4,347
Married: $7,825
| Data | ME | RI |
|---|---|---|
| Tax Rate | 5.8%-7.15% | 3.75%-5.99% |
| Single Filer ($100k) | $5,715 | $4,347 |
| Married Couple ($200k) | $10,287 | $7,825 |
| Median Income ($80.6k) | $5,765 | $3,829 |
Comparison: Income taxes in RI are $1,936 lower than in ME for the median household income.
Sales Tax Comparison
Sales tax rates vary by location and can have a significant impact on your day-to-day expenses. These include state, county, city, and special district taxes that together form the total sales tax rate.
Our sales tax estimates consider:
- Average household taxable spending: $15,500 per year
- Combined state and local rates for both cities
Lovell, ME
5.500%
Combined rate
Annual sales tax: $852
(Based on $15,500 spending)
West warwick, RI
7.000%
Combined rate
Annual sales tax: $1085
(Based on $15,500 spending)
| Data | Lovell, ME | West warwick, RI |
|---|---|---|
| State Sales Tax | 5.50% | 7.00% |
| Combined Sales Tax | 5.500% | 7.000% |
| Annual Tax Amount | $852 | $1,085 |
Comparison: Shopping in Lovell, ME costs $233 less in annual sales tax than in West warwick, RI for the average household.
Tax Comparison Insights
Tax Insights: Lovell vs West warwick
- Property Tax: Lovell has a 0.3748 percentage points lower effective property tax rate than West warwick.
- Income Tax: Living in RI could save you approximately $1,936 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Lovell is 1.50 percentage points lower than in West warwick.
Overall Tax Burden Comparison
Lovell, ME
$11,201
Combined annual tax burden
Property
$4,584
Income
$5,765
Sales
$852
West warwick, RI
$11,069
Combined annual tax burden
Property
$6,156
Income
$3,829
Sales
$1,085
Overall Comparison: West warwick, RI has an estimated $132 lower total tax burden than Lovell, ME based on our standard scenarios.
Important Tax Disclaimer
The tax information provided above is based on publicly available data and standard assumptions. Actual tax situations will vary based on:
- Individual financial circumstances
- Applicable deductions and credits
- Recent changes in tax laws
- Personal spending habits
- Local variations within cities and counties
This comparison is intended for general informational purposes only and should not be considered tax advice. For specific guidance regarding your tax situation, please consult with a qualified tax professional.