04406 Property Tax Rate

Property owners in ZIP code 04406 (Abbot, Maine) pay a median of $1,419/year in property taxes on homes valued at $161,900. This translates to an effective tax rate of 0.88%, which is 16% below the Maine state average of 1.04%.

The monthly property tax burden for a median-valued home in 04406 is approximately $118, which factors into escrow payments on mortgages. This ZIP code is located within Piscataquis County. This is $1,135 less than the Maine average of $2,554/year.

Compared to similar ZIP codes in Maine, 04406 has higher property taxes. ZIP codes with similar effective rates include 04006 (0.88%) and 04029 (0.87%).

In Abbot, property taxes represent approximately 2.7% of the median household income of $53,250, providing context for the relative tax burden on homeowners in this area.

Maine has no statewide property tax cap — your assessment resets to market value at purchase, and the Piscataquis County Assessor will establish a new base for annual increases. The Maine Homestead Property Tax Exemption exempts $25,000 of assessed value from state and local property taxes; file with the Piscataquis County Assessor's office by April 1 of the year following purchase. Contact the Piscataquis County Assessor immediately after closing to confirm your filing deadline and receive your Notice of Valuation.