MaineME

Effective tax rate

1.24%

Median home value

$295,400

Median annual tax

$3,663

National rank

#16

Counties

16

Counties in Maine

Top ZIP codes in Maine

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Property tax in Maine

Maine has an effective property tax rate of 1.24%, ranking #16 highest in the nation. The median home value is $295,400, and the median annual property tax payment is $3,663.

Property taxes in Maine are above the national median rate of 1.02%. Homeowners should factor this higher rate into their housing costs when budgeting or comparing to other states.

Property tax exemptions in Maine

Maine offers several property tax exemptions to eligible homeowners. Common exemptions include homestead exemptions for primary residences, senior citizen exemptions for residents over 65, veteran exemptions for military service members, and disability exemptions. Contact your county assessor's office for specific eligibility requirements and application deadlines.

Frequently asked questions

What is the property tax rate in Maine?

Maine has an effective property tax rate of 1.24%, ranking #16 highest in the nation. The median annual property tax payment is $3,663 on a $295,400 home.

How does Maine property tax compare to the national average?

The national median effective property tax rate is 1.02%. Maine's rate of 1.24% is above the national median of 1.02%, meaning homeowners in Maine pay more relative to their home values.

Which county in Maine has the highest property tax?

Oxford County has the highest effective property tax rate in Maine at 1.13%.

Which county in Maine has the lowest property tax?

Aroostook County has the lowest effective property tax rate in Maine at 1.12%.

What property tax exemptions are available in Maine?

Maine offers several property tax exemptions including homestead exemptions for primary residences, senior citizen exemptions for residents over 65, veteran exemptions for military service members, and disability exemptions. Contact your county assessor's office for specific eligibility requirements.