04347 Property Tax Rate

Property owners in ZIP code 04347 (Hallowell, Maine) pay a median of $3,614/year in property taxes on homes valued at $266,700. This translates to an effective tax rate of 1.36%, which is 31% above the Maine state average of 1.04%.

The monthly property tax burden for a median-valued home in 04347 is approximately $301, which factors into escrow payments on mortgages. This ZIP code is located within Kennebec County. This is $1,060 more than the Maine average of $2,554/year.

Compared to similar ZIP codes in Maine, 04347 has higher property taxes. ZIP codes with similar effective rates include 04495 (1.35%) and 04252 (1.35%).

In Hallowell, property taxes represent approximately 6.1% of the median household income of $58,811, providing context for the relative tax burden on homeowners in this area.

Maine has no statewide property tax cap; Kennebec County reassesses at market value, and your tax bill will reflect your purchase price. Apply for the Maine Homestead Property Tax Exemption ($7,500 off assessed value for primary residences) with the Kennebec County Assessor's office before April 1 of the year following your purchase. Request your property's assessment card from the assessor to verify the assessed value, confirm whether your municipality is in a revaluation year (which could increase your bill), and note the appeal deadline if you believe the assessment is inaccurate.