Gray, Cumberland County, Maine Property Taxes
Median Gray, ME effective property tax rate: 1.52%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Gray, ME home value: $274,100
Median annual Gray, ME tax bill: $4,161, $1,761 higher than the national median property tax bill of $2,400.
How are property taxes in Cumberland calculated?
Property taxes in Gray, 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 Gray’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gray, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gray, Cumberland County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.52%
Estimate Property Tax Bill
$4,166
$3,866
Property Tax Rates Across Gray, Cumberland County, Maine
Local government entities have the authority to set property tax rates, which can vary significantly within a state. This variation is primarily due to the process by which each county determines its required budget to deliver essential services. The county then divides this budget by the total value of all taxable property within its jurisdiction to establish the property tax rate. This calculation is subject to votes and legislation, but this is essentially how the annual process unfolds.
In Gray, located in Cumberland County, the effective property tax rate can be compared to other cities within Maine and the broader U.S. median. Gray's property tax rate is a reflection of the local government's fiscal needs and the total assessed property values. Maine's median property tax rate is notably higher than the national median of 1.02%, which can impact homeowners differently depending on their specific location within the state. Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively.
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 Gray Tax Rate
1.52%
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 Gray, Cumberland County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04039 | 1.52% | 1.52% | 1.52% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Gray, Cumberland County, Maine
When examining property taxes in Gray, Maine, 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.
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 Gray. For example, the median home price in Gray is $274,100, with tax bills ranging significantly across the county. Zip code 04039 has the highest median home price at $274,100.
Property Tax Assessment Values Across Gray, Cumberland County, Maine
Source: Ownwell
$153,100
$402,100
$651,100
Median Gray Market Value
$274,100
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 Gray, Cumberland County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04039 | $159,800 | $219,600 | $274,100 | $337,200 | $410,760 |
Source: Ownwell
Property Tax Bills Across Gray, Cumberland County, Maine
Median Gray Tax Bill
$4,161
Median Cumberland County Tax Bill
$4,856
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Gray, Cumberland County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04039 | $2,426 | $3,334 | $4,161 | $5,119 | $6,235 |
Source: Ownwell