04109 Property Tax Rate

Property owners in ZIP code 04109 (Portland, Maine) pay a median of $7,656/year in property taxes on homes valued at $717,700. This translates to an effective tax rate of 1.07%, which is near the Maine state average of 1.04%.

The monthly property tax burden for a median-valued home in 04109 is approximately $638, which factors into escrow payments on mortgages. This ZIP code is located within Cumberland County. This is $5,102 more than the Maine average of $2,554/year.

Compared to similar ZIP codes in Maine, 04109 has lower property taxes. ZIP codes with similar effective rates include 04427 (1.07%) and 04043 (1.07%).

Maine has no statewide property tax cap; Cumberland County reassesses at market value, and your tax obligation will be based on your purchase price. File for the Maine Homestead Property Tax Exemption ($7,500 off assessed value for primary residences) with the Cumberland County Assessor's office before April 1 of the year following your purchase; this is Maine's primary tax relief for homebuyers. Request your property's assessment card and revaluation schedule to understand future tax changes, and note that Cumberland County's low effective rate of 0.51% reflects both lower mill rates and exemption benefits.