04421 Property Tax Rate

Property owners in ZIP code 04421 (Castine, Maine) pay a median of $4,293/year in property taxes on homes valued at $557,700. This translates to an effective tax rate of 0.77%, which is 26% below the Maine state average of 1.04%.

The monthly property tax burden for a median-valued home in 04421 is approximately $358, which factors into escrow payments on mortgages. This ZIP code is located within Hancock County. This is $1,739 more than the Maine average of $2,554/year.

Compared to similar ZIP codes in Maine, 04421 has higher property taxes. ZIP codes with similar effective rates include 04544 (0.77%) and 04056 (0.77%).

In Castine, property taxes represent approximately 3.9% of the median household income of $111,500, 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 Hancock 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 Hancock County Assessor's office by April 1 of the year following purchase. Contact the Hancock County Assessor immediately after closing to confirm your filing deadline and obtain your Notice of Valuation.