Property Taxes in Maine
Maine's effective property tax rate is 0.94%, ranking #31 out of 50 states (1 = lowest). The median annual property tax paid is $3,220.
Maine's property tax rates are among the highest in the nation, reflecting the state's reliance on local property taxes to fund schools and municipal services (Maine has no county government). Rates vary significantly between municipalities — coastal tourist towns may have lower rates due to their large commercial tax base, while rural interior towns often have the highest rates. Maine offers a homestead exemption of $25,000 in assessed value for primary residences, and a property tax fairness credit through the state income tax that provides relief for lower-income homeowners.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
0.94%
Median Annual Tax
$3,220
National Rank
#31 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $1,880 | $157 |
| $300,000 | $2,820 | $235 |
| $400,000 | $3,760 | $313 |
| $500,000 | $4,700 | $392 |
| $750,000 | $7,050 | $588 |
* Based on the average effective rate of 0.94%. Actual rates vary by county and municipality.
Homestead Exemption in Maine
Up to $47,500
File for the homestead exemption after purchasing your primary residence in Maine to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
How Maine Compares
...
