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Frye Island, Cumberland County, Maine Property Taxes

Median Frye Island, ME effective property tax rate: 1.59%, significantly higher than the national median of 1.02%, but slightly higher than the Maine state median of 1.57%. Median Frye Island, ME home value: $174,000. Median annual Frye Island, ME tax bill: $2,767, $367 higher than the national median property tax bill of $2,400.

How are property taxes in Cumberland calculated?

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

Last Updated March 1, 2025

Frye Island, Cumberland County, Maine Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2%

Estimate Property Tax Bill

$0

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

Local government entities are responsible for setting tax rates, which can differ significantly across a state. This variation is due to each county annually estimating its budgetary needs to provide public services and dividing this by the total value of all taxable properties within its area, resulting in the property tax rate. While votes and legislation play a role in determining tax rates and budgets, this is essentially the annual process. In Frye Island, located in Cumberland County, Maine, the effective property tax rate is a reflection of this local budgeting process. When comparing Frye Island's rate to other cities in Maine and the national median, it's evident that property tax rates can vary widely. Maine's median property tax rate is notably higher than the national median of 1.02%, illustrating the state's approach to funding local services. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Frye Island, Cumberland County, Maine

Source: Ownwell

0.64%

1.60%

2.57%

Our median effective property tax rate (tax bill Ă· 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

1.47%

Median Effective Maine Tax Rate

1.47%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Frye Island, Cumberland County, Maine

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile

Source: Ownwell

Property Tax Assessment Values Across Frye Island, Cumberland County, Maine

When examining property taxes in Frye Island, 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.

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 Frye Island. For example, the median home price in Frye Island is $174,000, with tax bills significantly higher than the national median.

Property Tax Assessment Values Across Frye Island, Cumberland County, Maine

Source: Ownwell

$155,256

$515,378

$875,500

Median Cumberland County Market Value

$387,100

Median Maine Market Value

$242,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Frye Island, Cumberland County, Maine

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile

Source: Ownwell

Property Tax Bills Across Frye Island, Cumberland County, Maine

In Frye Island, located in Cumberland County, ME, property tax bills are determined based on the assessed value of a home. The town calculates this value by considering factors such as the size, location, and condition of the property. Frye Island's property tax rate is notably higher than the national median of 1.02%, leading to substantial tax bills for homeowners. For instance, the median home price in Frye Island is $174,000, and the tax bill for many homeowners is $2,767, exceeding the national median property tax bill of $2,400. This elevated rate can significantly impact homeowners' finances, making it crucial to ensure their property is assessed accurately. Ownwell offers expert property tax appeal services to assist homeowners in reducing their tax burdens. By evaluating the assessed value and identifying potential discrepancies, Ownwell can help homeowners file successful appeals, potentially lowering their tax bills. This service not only provides financial relief but also ensures that property taxes are fair and equitable.

Property Tax Bills Across Frye Island, Cumberland County, Maine

Source: Ownwell

$1,979

$7,002

$12,024

Median Cumberland County Tax Bill

$5,457

Median Maine Tax Bill

$3,569

Median United States Tax Bill

$2,400

Property Tax Bills Across Frye Island, Cumberland County, Maine

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile

Source: Ownwell

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