04694 Property Tax Rate

Property owners in ZIP code 04694 (Baileyville, Maine) pay a median of $1,284/year in property taxes on homes valued at $116,600. This translates to an effective tax rate of 1.10%, which is 6% above the Maine state average of 1.04%.

The monthly property tax burden for a median-valued home in 04694 is approximately $107, which factors into escrow payments on mortgages. This ZIP code is located within Washington County. This is $1,270 less than the Maine average of $2,554/year.

Compared to similar ZIP codes in Maine, 04694 has lower property taxes. ZIP codes with similar effective rates include 04038 (1.10%) and 04360 (1.10%).

In Baileyville, property taxes represent approximately 2.2% of the median household income of $57,813, 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 Washington 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 Washington County Assessor's office by April 1 of the year following purchase. Contact the Washington County Assessor immediately after closing to confirm your filing deadline and receive your Notice of Valuation.