North Yarmouth, Cumberland County, Maine Property Taxes

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

Median North Yarmouth, ME effective property tax rate: 1.81%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median North Yarmouth, ME home value: $336,100
Median annual North Yarmouth, ME tax bill: $6,083, $3,683 higher than the national median property tax bill of $2,400.

How are property taxes in Cumberland calculated?

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

Last Updated March 1, 2025

North Yarmouth, Cumberland County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.81%

Estimate Property Tax Bill

$6,083

$5,645

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

Local government entities set tax rates, which can vary widely within a state. The process involves each county estimating its required budget for services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In North Yarmouth, Cumberland County, ME, the effective property tax rate is 1.81%. This rate is significantly higher than the national median property tax rate of 1.02%, indicating a heavier tax burden on property owners in this area. Comparing this to other cities in Maine, North Yarmouth's rate is consistent with the state's median, suggesting a uniformity in tax rates across the region.

The higher tax rate in North Yarmouth reflects the local government's budgetary needs and the value of taxable properties. Understanding these rates can help property owners anticipate their tax obligations and explore potential savings through appeals or exemptions. Whether you're a homeowner or investor, being informed about property tax rates is crucial for effective financial planning.

Property Tax Rates Across North Yarmouth, 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 North Yarmouth Tax Rate

1.81%

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 North Yarmouth, Cumberland County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04097	1.81%	1.81%	1.81%	1.81%	1.81%

Source: Ownwell

Property Tax Assessment Values Across North Yarmouth, Cumberland County, Maine

When examining property taxes in North Yarmouth, 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.

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 North Yarmouth. For example, the median home price in North Yarmouth is $336,100, with tax bills ranging significantly across the county. 04097 has the highest median home price at $336,100.

Property Tax Assessment Values Across North Yarmouth, Cumberland County, Maine

Source: Ownwell

$153,100

$402,100

$651,100

Median North Yarmouth Market Value

$336,100

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 North Yarmouth, Cumberland County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04097	$202,400	$252,450	$336,100	$414,850	$519,920

Source: Ownwell

Property Tax Bills Across North Yarmouth, Cumberland County, Maine

In North Yarmouth, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate is applied to this assessed value to calculate the annual property tax bill. Homeowners in North Yarmouth face a median property tax bill of $6,083, significantly higher than the national median of $2,400. Factors affecting this tax bill include the property's assessed value and the local tax rate. The high property tax bills can be a financial burden for homeowners, particularly when compared to the national median property tax rate of 1.02%. Ownwell offers a solution by providing property tax appeal services, helping homeowners potentially reduce their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell guides homeowners through the appeal process, aiming to lower their property tax bills. This service can result in substantial savings, easing the financial strain on homeowners in North Yarmouth.

Property Tax Bills Across North Yarmouth, Cumberland County, Maine

Source: Ownwell

$1,920

$6,426

$10,931

Median North Yarmouth Tax Bill

$6,083

Median Cumberland County Tax Bill

$4,856

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across North Yarmouth, Cumberland County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04097	$3,663	$4,570	$6,083	$7,508	$9,410

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Cumberland Tax Assessor
Website	gis.vgsi.com