Falmouth, Cumberland County, Maine Property Taxes

Name: Property Tax Bills Across Falmouth, Cumberland County, Maine
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Falmouth, ME effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Falmouth, ME home value: $651,100
Median annual Falmouth, ME tax bill: $7,769, $5,369 higher than the national median property tax bill of $2,400.

How are property taxes in Cumberland calculated?

Property taxes in Falmouth, ME are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Falmouth’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Falmouth, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Falmouth, Cumberland County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.19%

Estimate Property Tax Bill

$7,748

$7,190

Ownwell’s Falmouth Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Falmouth with just two data points. By entering your property's estimated assessed value, our calculator applies Falmouth’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Cumberland County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Falmouth, Cumberland County, Maine

Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. In Falmouth, located in Cumberland County, ME, property tax rates are a significant consideration for homeowners. The effective property tax rate in Falmouth aligns with the county's median tax rate of 1.19%, which is higher than the national median of 1.02%. This means that property owners in Falmouth may find themselves paying more in property taxes compared to the national average. However, it's important to note that property tax rates can vary even within the same county, depending on the specific needs and budgets of local government entities. Comparing Falmouth's effective property tax rate to other cities in Maine and the U.S. provides valuable insights for property owners and potential buyers in understanding their tax obligations.

Property Tax Rates Across Falmouth, Cumberland County, Maine

Source: Ownwell

0.59%

1.46%

2.33%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Falmouth Tax Rate

1.19%

Median Effective Cumberland County Tax Rate

1.52%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Falmouth, Cumberland County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04105	1.19%	1.19%	1.19%	1.19%	1.19%

Source: Ownwell

Property Tax Assessment Values Across Falmouth, Cumberland County, Maine

When examining property taxes in Falmouth, ME, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Cumberland County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Cumberland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Falmouth. For example, the median home price in Falmouth is $651,100, with tax bills ranging significantly across the county. 04105 has the highest median home price at $651,100.

Property Tax Assessment Values Across Falmouth, Cumberland County, Maine

Source: Ownwell

$153,100

$402,100

$651,100

Median Falmouth Market Value

$651,100

Median Cumberland County Market Value

$319,900

Median Maine Market Value

$204,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Falmouth, Cumberland County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04105	$370,200	$476,000	$651,100	$875,600	$1,192,400

Source: Ownwell

Property Tax Bills Across Falmouth, Cumberland County, Maine

In Falmouth, located in Cumberland County, ME, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is a crucial factor, as it reflects the market value of the property. Homeowners in Falmouth experience a median tax bill significantly higher than the national median of $2,400, with figures ranging from $5,691 at the 25th percentile to $14,215 at the 90th percentile. The highest and lowest median tax bills in the area both sit at $7,769, highlighting a consistent tax burden across the region. These tax rates can significantly impact homeowners, particularly those with properties valued at or above the median home price of $651,100.

Ownwell offers a solution by providing professional property tax appeal and exemption services, helping homeowners potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell assists in lowering the financial burden on homeowners, ensuring they pay only their fair share. This service can lead to substantial savings, offering peace of mind and financial relief.

Property Tax Bills Across Falmouth, Cumberland County, Maine

Source: Ownwell

$1,920

$6,426

$10,931

Median Falmouth Tax Bill

$7,769

Median Cumberland County Tax Bill

$4,856

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Falmouth, Cumberland County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04105	$4,427	$5,691	$7,769	$10,437	$14,215

Source: Ownwell