04612 Property Tax Rate

Property owners in ZIP code 04612 (Bernard, Maine) pay a median of $2,822/year in property taxes on homes valued at $378,900. This translates to an effective tax rate of 0.74%, which is 28% below the Maine state average of 1.04%.

The monthly property tax burden for a median-valued home in 04612 is approximately $235, which factors into escrow payments on mortgages. This ZIP code is located within Hancock County. This is $268 more than the Maine average of $2,554/year.

Compared to similar ZIP codes in Maine, 04612 has lower property taxes. ZIP codes with similar effective rates include 04653 (0.75%) and 04408 (0.75%).

In Bernard, property taxes represent approximately 3.3% of the median household income of $85,694, 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.