04756 Property Tax Rate

Property owners in ZIP code 04756 (Madawaska, Maine) pay a median of $1,987/year in property taxes on homes valued at $157,800. This translates to an effective tax rate of 1.26%, which is 21% above the Maine state average of 1.04%.

The monthly property tax burden for a median-valued home in 04756 is approximately $166, which factors into escrow payments on mortgages. This ZIP code is located within Aroostook County. This is $567 less than the Maine average of $2,554/year.

Compared to similar ZIP codes in Maine, 04756 has lower property taxes. ZIP codes with similar effective rates include 04574 (1.26%) and 04915 (1.26%).

In Madawaska, property taxes represent approximately 4.5% of the median household income of $43,750, 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 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.