Freeport, Cumberland County, Maine Property Taxes

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

Median Freeport, ME effective property tax rate: 1.37%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Freeport, ME home value: $370,600
Median annual Freeport, ME tax bill: $5,061, $2,661 higher than the national median property tax bill of $2,400.

How are property taxes in Cumberland calculated?

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

Last Updated March 1, 2025

Freeport, Cumberland County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.37%

Estimate Property Tax Bill

$5,077

$4,712

Ownwell’s Freeport Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Freeport with just two data points. By entering your property's estimated assessed value, our calculator applies Freeport’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Freeport, Cumberland County, Maine

Local government entities determine tax rates, and these can vary significantly within a state. Each year, counties calculate their necessary budget to provide essential services and then divide it by the total value of all taxable properties within their jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and legislative processes, this is the essence of the annual procedure.

In Freeport, located in Cumberland County, the effective property tax rate aligns with the highest and lowest median tax rates in the area, standing at 1.37%. This rate is notably higher than the national median property tax rate of 1.02%, emphasizing the importance of understanding local tax obligations. The median property tax rate in Maine also reflects this higher trend, making it crucial for property owners to stay informed and explore potential tax appeal and exemption opportunities. By comparing Freeport's tax rate with the national average, property owners can better appreciate the local tax landscape and make informed decisions about their property investments.

Property Tax Rates Across Freeport, 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 Freeport Tax Rate

1.37%

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 Freeport, Cumberland County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04032	1.36%	1.36%	1.37%	1.37%	1.37%

Source: Ownwell

Property Tax Assessment Values Across Freeport, Cumberland County, Maine

When examining property taxes in Freeport, 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.

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 Freeport. For example, the median home price in Freeport is $370,600, with tax bills ranging significantly across the county. Zip code 04032 has the highest median home price at $370,600.

Property Tax Assessment Values Across Freeport, Cumberland County, Maine

Source: Ownwell

$153,100

$402,100

$651,100

Median Freeport Market Value

$370,600

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 Freeport, Cumberland County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04032	$161,600	$262,300	$370,600	$543,850	$792,300

Source: Ownwell

Property Tax Bills Across Freeport, Cumberland County, Maine

In Freeport, ME, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The tax rate is applied to this assessed value to determine the annual tax bill. In Cumberland County, where Freeport is located, the median property tax bill is considerably higher than the national median, reflecting the area's higher property values. Homeowners in Freeport face a median tax bill of $5,061, which is significantly above the national median property tax bill of $2,400. Factors such as property location, size, and improvements can influence the assessed value, thus affecting the tax bill. For homeowners looking to reduce their property tax burden, Ownwell offers expert property tax appeal and exemption services. By analyzing property assessments and market trends, Ownwell can help identify discrepancies or overvaluations, potentially leading to significant savings. With Ownwell's assistance, homeowners can ensure they are not overpaying on their property taxes, providing peace of mind and financial relief.

Property Tax Bills Across Freeport, Cumberland County, Maine

Source: Ownwell

$1,920

$6,426

$10,931

Median Freeport Tax Bill

$5,061

Median Cumberland County Tax Bill

$4,856

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Freeport, Cumberland County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04032	$2,206	$3,580	$5,061	$7,424	$10,872

Source: Ownwell