Maine

Property Tax Rates & Rules

1.09%

Effective Rate

$4,033

Median Annual Tax

$370k

Median Home Value

Available

Homestead Exempt

Full Tax Details

Avg Effective Rate1.09%

Median Home Value$370,000

Median Annual Tax$4,033

Assessment Ratio100%

Homestead ExemptionYes

Senior ExemptionYes

Highest Rate CountyCumberland

Lowest Rate CountyHancock

Payment ScheduleVaries by municipality; commonly semi-annual or quarterly.

Assessment Method

Municipalities aim for 100% of market value; state monitors via sales-ratio studies.

Homestead Exemption Details

Reduces the assessed value of a primary residence by up to $25,000.

Senior Exemption Details

State Property Tax Deferral Program and local Senior Tax Stabilization options.

How to Appeal Your Assessment

Application for abatement must be filed with local assessors within 185 days of commitment.

Official Source

Maine Tax Authority

Last verified: 2026-03-31 · Always confirm current rates before making real estate decisions.