Maine (ME) property tax rate: 1.09% | Median home: $365,000 | Median annual tax: $3,979
Maine is a scenic New England state with growing remote-worker demand. The average effective property tax rate in Maine is 1.09%, which is near the national average of 1.1%.
On the median Maine home valued at $365,000, annual property taxes come to approximately $3,979 or $332/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: Maine offers a Property Tax Fairness Credit for qualifying low-to-middle income residents.
Combined with Maine's state income tax rate of 7.15%, homeowners should consider the total tax picture. Property taxes in Maine are manageable and in line with regional averages.
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Maine has an average effective property tax rate of 1.09%. On the median home value of $365,000, that equals approximately $3,979 per year or $332 per month.
Property taxes in Maine are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
Maine offers a Property Tax Fairness Credit for qualifying low-to-middle income residents.
Maine property taxes are near the national average of 1.1%. This means property tax costs are predictable and in line with most states.
Property tax due dates vary by county in Maine. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.