Cushing, Knox County, Maine Property Taxes
Median Cushing, ME effective property tax rate: 1.55%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%. Median Cushing, ME home value: $193,540. Median annual Cushing, ME tax bill: $3,000, $600 higher than the national median property tax bill of $2,400.
How are property taxes in Knox calculated?
Property taxes in Cushing, 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 Cushing’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cushing, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cushing, Knox County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.55%
Estimate Property Tax Bill
$3,000
$2,784
Property Tax Rates Across Cushing, Knox County, Maine
Local government entities are responsible for setting tax rates, which can significantly differ within a state. This variation occurs because each county calculates its required budget to fund services and divides that by the total assessed value of all taxable properties within its jurisdiction. This process determines the property tax rate. While setting tax rates and budgets involves votes and legal regulations, this is essentially the annual procedure.
In Cushing, located in Knox County, ME, the effective property tax rate stands at 1.55%, which is higher than the national median property tax rate of 1.02%. This rate reflects the county's budgetary needs and the total assessed property value. When comparing Cushing’s rate to other cities in Maine, it aligns with the highest and lowest median tax rates in the state, both at 1.55%. This uniformity indicates a consistent approach within the region. Understanding these rates can help property owners in Cushing anticipate their property tax obligations and explore potential savings through appeals or exemptions.
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 Cushing Tax Rate
1.55%
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 Knox County Tax Rate
1.55%
Median Effective Maine Tax Rate
1.57%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cushing, Knox County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04563 | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Cushing, Knox County, Maine
When examining property taxes in Cushing, 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 Knox 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 Knox 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 Cushing.
For example, the median home price in Cushing is $193,540, with tax bills ranging significantly across the county. Zip code 04563 has the highest median home price at $193,540.
Property Tax Assessment Values Across Cushing, Knox County, Maine
Source: Ownwell
$159,200
$280,900
$402,600
Median Cushing Market Value
$193,540
Median Knox County Market Value
$198,500
Median Maine Market Value
$204,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cushing, Knox County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04563 | $79,830 | $127,945 | $193,540 | $311,910 | $518,090 |
Source: Ownwell
Property Tax Bills Across Cushing, Knox County, Maine
Median Cushing Tax Bill
$3,000
Median Knox County Tax Bill
$3,340
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Cushing, Knox County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04563 | $1,237 | $1,983 | $3,000 | $4,834 | $8,030 |
Source: Ownwell