Gorham, Cumberland County, Maine Property Taxes
Median Gorham, ME effective property tax rate: 1.28%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Gorham, ME home value: $374,500
Median annual Gorham, ME tax bill: $4,829, $2,429 higher than the national median property tax bill of $2,400.
How are property taxes in Cumberland calculated?
Property taxes in Gorham, 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 Gorham’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gorham, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gorham, Cumberland County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.28%
Estimate Property Tax Bill
$4,794
$4,448
Property Tax Rates Across Gorham, Cumberland County, Maine
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Why do these variations occur? Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Gorham, located in Cumberland County, Maine, the effective property tax rate can be compared to other cities in Maine and the median property tax rates in the state and across the U.S. Maine's median property tax rate is 1.28%, which is above the national median of 1.02%. This means homeowners in Gorham may face higher property tax bills compared to the national average. Understanding these rates is crucial for property owners, as it directly impacts their annual expenses. By appealing property taxes or seeking exemptions, residents can potentially reduce their financial burden.
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 Gorham Tax Rate
1.28%
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 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 Gorham, Cumberland County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04038 | 1.28% | 1.28% | 1.28% | 1.29% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Gorham, Cumberland County, Maine
When examining property taxes in Gorham, 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 assessment office 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 April. 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 Gorham.
For example, the median home price in Gorham is $374,500, with tax bills ranging significantly across the county. Zip code 04038 has the highest median home price at $374,500.
Property Tax Assessment Values Across Gorham, Cumberland County, Maine
Source: Ownwell
$153,100
$402,100
$651,100
Median Gorham Market Value
$374,500
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 Gorham, Cumberland County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04038 | $196,520 | $293,200 | $374,500 | $472,200 | $555,360 |
Source: Ownwell
Property Tax Bills Across Gorham, Cumberland County, Maine
Median Gorham Tax Bill
$4,829
Median Cumberland County Tax Bill
$4,856
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Gorham, Cumberland County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04038 | $2,706 | $3,786 | $4,829 | $6,074 | $7,147 |
Source: Ownwell