04489 Property Tax Rate

Property owners in ZIP code 04489 (Stillwater, Maine) pay a median of $3,674/year in property taxes on homes valued at $229,200. This translates to an effective tax rate of 1.60%, which is 55% above the Maine state average of 1.04%.

The monthly property tax burden for a median-valued home in 04489 is approximately $306, which factors into escrow payments on mortgages. This ZIP code is located within Penobscot County. This is $1,120 more than the Maine average of $2,554/year.

Compared to similar ZIP codes in Maine, 04489 has lower property taxes. ZIP codes with similar effective rates include 04276 (1.61%) and 04631 (1.61%).

Maine has no statewide property tax cap — your assessment resets to market value at purchase, and the Penobscot 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 Penobscot County Assessor's office by April 1 of the year following purchase. Contact the Penobscot County Assessor immediately after closing to confirm your filing deadline and obtain your Notice of Valuation.