04238 Property Tax Rate

Property owners in ZIP code 04238 (Hebron, Maine) pay a median of $2,361/year in property taxes on homes valued at $236,900. This translates to an effective tax rate of 1.00%, which is 4% below the Maine state average of 1.04%.

The monthly property tax burden for a median-valued home in 04238 is approximately $197, which factors into escrow payments on mortgages. This ZIP code is located within Oxford County.

Compared to similar ZIP codes in Maine, 04238 has lower property taxes. ZIP codes with similar effective rates include 04606 (1.00%) and 04686 (1.00%).

In Hebron, property taxes represent approximately 2.7% of the median household income of $88,011, providing context for the relative tax burden on homeowners in this area.

Maine has no statewide property tax cap; Oxford County reassesses at market value, and your tax bill will reflect the current fair market value of your property at purchase. Contact the Oxford County Assessor's office to inquire about the Maine Homestead Property Tax Exemption ($7,500 off assessed value for primary residences) and file the application before April 1 of the year following your purchase. Request your property's prior assessment and tax history to identify whether this is a revaluation year in your municipality, which could trigger a significant increase in assessed value.