04438 Property Tax Rate

Property owners in ZIP code 04438 (Frankfort, Maine) pay a median of $1,895/year in property taxes on homes valued at $187,500. This translates to an effective tax rate of 1.01%, which is near the Maine state average of 1.04%.

The monthly property tax burden for a median-valued home in 04438 is approximately $158, which factors into escrow payments on mortgages. This ZIP code is located within Waldo County. This is $659 less than the Maine average of $2,554/year.

Compared to similar ZIP codes in Maine, 04438 has higher property taxes. ZIP codes with similar effective rates include 04019 (1.01%) and 04961 (1.01%).

In Frankfort, property taxes represent approximately 2.9% of the median household income of $64,750, 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 Waldo 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 Waldo County Assessor's office by April 1 of the year following purchase. Contact the Waldo County Assessor immediately after closing to confirm your filing deadline and receive your Notice of Valuation.