Buying a home in Maine

Property taxes, transfer taxes, home values and first-time buyer help in Maine.

Effective property tax rate

1.02%

Median tax $3,036 ÷ median value $296,600 (ACS 2020–2024)

Typical home value

$415,552

Zillow ZHVI, 2026-08

State transfer tax

0.44%

Usually paid by: split. 36 M.R.S. § 4641-A (transfer tax); 33 M.R.S. § 751 (recording fee). Official source. Local taxes may add more.

Estimated buyer closing costs Estimate

$4,200–$6,000

On a $415,552 home: typical lender fees + title insurance + deed recording (TallyClose) + the buyer’s share of transfer/recording taxes. Excludes prepaids, escrow and local taxes.

At Maine's effective rate of 1.02%, a typical $415,552 home would owe about $4,239/year ($353/month) in property taxes. Actual bills depend on your county, city and exemptions. Run your numbers.

First-time homebuyer programs

MaineHousing

Your state housing finance agency offers down payment assistance and low-rate mortgages for eligible buyers. Visit MaineHousing →

Sources: U.S. Census Bureau ACS 2020–2024 5-year (B25103, B25077); Zillow Home Value Index; TallyClose closing-cost dataset (CC BY 4.0), which cites each state statute; NCSHA HFA directory. Last updated 2026-10-15.