Portland, Cumberland County, Maine Property Taxes

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

Median PORTLAND, ME effective property tax rate: 1.44%, significantly higher than the national median of 1.02%, but lower than the ME state median of 1.57%.
Median PORTLAND, ME home value: $390,150
Median annual PORTLAND, ME tax bill: $5,622, $3,222 higher than the national median property tax bill of $2,400.

How are property taxes in Cumberland calculated?

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

Last Updated March 1, 2025

Portland, Cumberland County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.44%

Estimate Property Tax Bill

$5,618

$5,213

Ownwell’s Portland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Portland with just two data points. By entering your property's estimated assessed value, our calculator applies Portland’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 Portland, Cumberland County, Maine

Local government entities in Portland, located in Cumberland County, ME, determine property tax rates, which can significantly vary within the state. Each year, the county estimates its necessary budget for public services and divides it by the total value of all taxable properties within its jurisdiction. This calculation establishes the property tax rate. Although votes and legislation play roles in setting these rates and budgets, this is the fundamental annual process. Portland's effective property tax rate can be compared to other cities in Maine and the median property tax rates in both the state and the U.S. Maine's median property tax rate of 1.44% is notably higher than the national median of 1.02%. Portland's rate is among the highest in the state, reflecting the city's economic vibrancy and demand for public services. Understanding these rates is crucial for property owners aiming to manage their tax liabilities effectively.

Property Tax Rates Across Portland, 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 Portland Tax Rate

1.44%

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 Portland, Cumberland County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04101	1.44%	1.44%	1.44%	1.44%	1.44%
04102	1.44%	1.44%	1.44%	1.44%	1.44%
04103	1.44%	1.44%	1.44%	1.44%	1.44%
04109	1.44%	1.44%	1.44%	1.44%	1.44%

Source: Ownwell

Property Tax Assessment Values Across Portland, Cumberland County, Maine

When examining property taxes in Portland, 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 Assessor's 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 Portland. For example, the median home price in Portland is $390,150, with tax bills ranging significantly across the county. Zip code 04109 has the highest median home price at $616,600.

Property Tax Assessment Values Across Portland, Cumberland County, Maine

Source: Ownwell

$153,100

$402,100

$651,100

Median Portland Market Value

$390,150

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 Portland, Cumberland County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04101	$270,140	$360,700	$486,500	$685,900	$863,000
04102	$257,600	$318,625	$389,650	$520,700	$710,850
04103	$261,300	$304,900	$369,600	$463,400	$574,800
04109	$288,800	$401,150	$616,600	$810,750	$1,066,700

Source: Ownwell

Property Tax Bills Across Portland, Cumberland County, Maine

In Portland, Cumberland County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The city's property tax rate is applied to this assessed value to calculate the annual tax bill. With the median home price in Portland at $390,150, homeowners can expect varying tax bills. The 25th percentile tax bill is $4,526, while the 75th percentile is $7,433, and the 90th percentile reaches $9,847. These figures are considerably higher than the national median property tax bill of $2,400. The highest median tax bill in the area is $8,885 in zip code 04109, while the lowest is $5,326 in zip code 04103. These high tax bills can significantly impact homeowners' budgets. However, Ownwell can assist homeowners in Portland by reviewing their property assessments and identifying opportunities for appeals and exemptions, potentially reducing their tax burdens. By leveraging expertise and a deep understanding of local tax codes, Ownwell helps clients achieve substantial savings on their property tax bills.

Property Tax Bills Across Portland, Cumberland County, Maine

Source: Ownwell

$1,920

$6,426

$10,931

Median Portland Tax Bill

$5,622

Median Cumberland County Tax Bill

$4,856

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Portland, Cumberland County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04101	$3,893	$5,198	$7,010	$9,871	$12,436
04102	$3,712	$4,591	$5,615	$7,503	$10,244
04103	$3,765	$4,394	$5,326	$6,678	$8,283
04109	$4,162	$5,780	$8,885	$11,683	$15,371

Source: Ownwell