According to the latest citywide revaluation, the median Portland home jumped from $396,700 in 2024 to $566,600 — a 43% increase.
The mill rate dropped to $11.98, but for many homeowners, the tax bill shock is very real.
Read more: Portland Press Herald: Portland residential property values increased an average of 43% in last year
We all know the story: Boomers competing with Gen X and Millennials, often outbidding younger buyers for properties — a trend well documented across the country.
But there’s another shift underway — one that’s creating a perfect storm here in Maine and in other second-home markets nationwide.
Check out the feature by Mainebiz: [...]
As summer winds down and we step into fall; I want to take a moment to express gratitude. Labor Day isn’t just a long weekend — it’s a celebration of the workers who built this country, generation after [...]
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