04736 Property Tax Rate

Property owners in ZIP code 04736 (Caribou, Maine) pay a median of $1,594/year in property taxes on homes valued at $125,300. This translates to an effective tax rate of 1.27%, which is 23% above the Maine state average of 1.04%.

The monthly property tax burden for a median-valued home in 04736 is approximately $133, which factors into escrow payments on mortgages. This ZIP code is located within Aroostook County. This is $960 less than the Maine average of $2,554/year.

Compared to similar ZIP codes in Maine, 04736 has lower property taxes. ZIP codes with similar effective rates include 04843 (1.27%) and 04864 (1.27%).

In Caribou, property taxes represent approximately 2.8% of the median household income of $56,189, 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 Aroostook 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 Aroostook County Assessor's office by April 1 of the year following purchase. Contact the Aroostook County Assessor immediately after closing to confirm your filing deadline and obtain your Notice of Valuation.