Maine Property Tax Calculator
Calculate property taxes in Maine. ME effective property tax rate is 1.24% with a median home value of $320,000. Includes ME assessment ratios and exemptions.
Maine at a Glance
$320,000
Median Home Price
1.24%
Property Tax Rate
$1,200
Avg Home Insurance
$472,030
FHA Loan Limit
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Reviewed & Methodology
Every calculator is built using industry-standard formulas, validated against authoritative sources, and reviewed by a credentialed financial professional. State-specific data is sourced from official government publications.
Property Tax Calculator in Maine
The median home price in Maine is $320,000, which is 24% below the national average of $420,000. Maine's effective property tax rate of 1.24% is 0.14 percentage points higher than the national average of 1.1%.
| Metric | Maine (ME) | National Avg | vs National Average |
|---|---|---|---|
| Median Home Price | $320,000 | $420,000 | -24% |
| Property Tax Rate | 1.24% | 1.1% | +0.14% |
| Home Insurance (Annual) | $1,200 | $2,300 | -48% |
| State Sales Tax | 5.5% | 5% | +0.5% |
| FHA Loan Limit | $472,030 | $472,030 | Standard |
| Conforming Loan Limit | $766,550 | $766,550 | Standard |
Maine offers a homestead exemption of $25,000, which reduces the taxable value of your primary residence. The state uses an assessment ratio of 100% to determine the assessed value for property tax purposes.