Maine variant. This is a Maine-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Maine's effective property tax rate of 1.24% means the owner of a median $380,000 home pays roughly $4,712 per year - a figure that varies widely by state.
How Maine property tax is calculated
Property tax = assessed value × local millage rate. The 1.24% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $380,000 Maine median home, that works out to about $4,712/year or $393/month - often escrowed into your mortgage payment.
About taxes and housing in Maine
Maine uses a graduated income tax that tops out above 7%.
Maine has above-average property taxes and offers a homestead exemption that reduces the taxable value of a primary residence.
Maine's economy relies on tourism, fishing and lobstering, forestry, and a large share of older residents and seasonal homes.
Worked example: tax on a $380,000 home
$380,000 × 1.24% = $4,712 per year. A $500,000 home in Maine would owe about $6,200 annually at the same effective rate.
Quick reference
- State income tax: 5.8-7.15% across 3 brackets
- State sales tax: 5.5% (plus 0.00% avg local)
- Median home value: $380,000
- Median household income: $71,139
- Effective property tax rate: 1.24%
- Avg auto insurance: $952/yr
Frequently Asked Questions
What is the property tax rate in Maine?
Maine's effective property tax rate averages 1.24% of market value per year.
How much property tax on a $380,000 home in Maine?
About $4,712 per year at the 1.24% effective rate.