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Maine Land Transfer Tax Calculator — Avg $2,644/mo @ 6.30% (2026)
Maine (ME) · State tax: 7.15% · Property tax: 1.28% · Median home (ZHVI): $390,000
As of · Sources: Zillow ZHVI, Tax Foundation, Census ACS, Freddie Mac PMMS
Transfer taxes in Maine are based on the sale price of the property. On the median home of $390,000, transfer taxes vary by state law. Maine's moderate 1.28% property tax rate keeps ongoing costs manageable.
Maine Financial Snapshot (2026) — Land Transfer Tax Calculator
Home value, monthly carrying cost, property tax, and insurance are the four levers for the land transfer tax calculator in Maine.
How the Land Transfer Tax Calculator Math Works Under Maine Law
Every real-estate number on this page runs through the same core identity: the monthly principal-and-interest payment on a fully amortizing fixed-rate loan is M = P · r / (1 − (1+r)^(−n)), where P is the loan principal, r is the monthly rate (annual rate / 12), and n is the term in months. For a typical Maine buyer in 2026, P starts from an $390,000 median home value (Zillow ZHVI)[1], minus a standard 20% down payment.
On top of P&I the calculator adds the two Maine-specific carrying costs: property tax at the state effective rate of 1.28%[2] and homeowners insurance at roughly $950/year (NAIC state average)[3]. The Freddie Mac PMMS national average 30-year fixed rate (6.30% (Freddie Mac PMMS · week of ))[4] drives the payment curve — Maine rate quotes can move a few basis points around that number depending on lender, loan size, and credit band.
Local context: Maine
Housing economics in Maine. The median home value runs 8.9% above the U.S. baseline for Maine is $390,000 per Zillow's home-value index. Effective property tax sits at 1.28% of assessed value, meaningfully higher than the 0.99% national average tracked by the Tax Foundation.
Income and tax climate. Median household income in Maine reaches $90,730 per the ACS five-year vintage, pulling above the $78,538 U.S. median. Maine's top marginal state income tax bracket lands at 7.15% — compared to the volume-weighted national average around 4-5%. BEA's Regional Price Parity scores Maine at 98.0 (national = 100), meaning a dollar in Maine buys 102¢ — more goods and services than the same dollar nationally.
Local context as of 2026-04-19.
Maine versus the U.S. baseline
| Metric | Maine | U.S. baseline | Difference |
|---|---|---|---|
| Median home value[zillow] | $390,000 | $358,000 | 8.9% |
| Property tax rate[tax-foundation] | 1.28% | 0.99% | 29.3% |
| Top marginal income tax[tax-foundation] | 7.15% | ~4.08% (volume-weighted) | 3.1 pp |
| Cost-of-living index (RPP)[bea-rpp] | 98.0 | 100.0 | -2.0 pts |
| Avg homeowners insurance[naic] | $950/yr | $1,754/yr | -45.8% |
How to use the Land Transfer Tax Calculator
Walk through using the Land Transfer Tax Calculator with Maine-specific defaults pre-loaded from primary sources.
- Pre-fill with local dataEach calculator on this page loads with state- or city-specific defaults pulled live from primary sources (FRED, BLS, Zillow, Freddie Mac PMMS, IRS, BEA). The blue values shown next to each input are the local averages so you can see how your scenario compares to the typical case before changing anything.
- Override the inputs you controlChange any field to model your actual situation. The math reruns in your browser the moment you change a value — no signup, no API call, no data transmission. Hover over the small (i) icon next to each label to see the formula that field feeds and where the default came from.
- Read the derived valuesThe result panel shows the primary calculation (monthly payment, take-home pay, savings projection, etc.) plus the intermediate values that drive it. Each line item is labeled with the formula component it represents so you can verify the arithmetic against any agency publication, textbook, or competing calculator.
- Adjust assumptions and re-runMost calculators have a section for assumption inputs that are easy to overlook — annual raises, expected return, inflation, vacancy rate, depreciation schedule, marginal vs. effective tax treatment. The defaults are conservative; aggressive scenarios usually require explicit overrides.
- Save to "My Numbers"When the inputs match your reality, click Save to "My Numbers". The values persist to your device's local storage (IndexedDB) and reload automatically on your next visit. Nothing is transmitted to any CalcFi server — the saved-state feature is deliberately client-side only for privacy.
- Compare scenarios side by sideMost calculators offer a comparison view that shows two or more scenarios side by side. Use this to model decision points: 15-year vs 30-year mortgage, Roth vs Traditional IRA, salary vs hourly, lease vs buy. The comparison view also produces a shareable summary you can download as PNG or PDF.
Worked Examples: Land Transfer Tax Calculator in Maine Cities
Same formula, different inputs. Each city name links to its own pSEO page where the calculator is pre-filled with local medians.
| City | Median home | Median rent | Median income | Est. P&I |
|---|---|---|---|---|
| Portland, ME | $532,238 | $2,285/mo | $88,602 | $2,636/mo |
Sources: Zillow ZHVI + ZORI[1],Census ACS[2], Freddie Mac PMMS[3].
How Maine Compares to Neighboring States
| State | Median home | Top inc tax | Prop tax rate | RPP (US=100) |
|---|---|---|---|---|
| Maine (this page) | $390,000 | 7.15% | 1.28% | 98.0 |
| compare to New Hampshire | $475,000 | None | 1.93% | 105.4 |
| Vermont side-by-side | $380,000 | 8.75% | 1.83% | 97.1 |
Sources: Zillow ZHVI[1], state Departments of Revenue / Tax Foundation[2], Tax Foundation property taxes[3], BEA Regional Price Parities[4].
What Changes Your Result in Maine
- Down payment size:Maine's typical down payment is 11.0%according to NAR survey data. Every 5% shift changes the monthly P&I by roughly 5–6% of the headline payment.
- First-time buyer programs:Maine runs state-level first-time buyer programs (DPA, MCC) that can cut effective down payment costs by $5,000–$15,000 for qualifying buyers. See programs block below.
- County-level property tax variance:The state effective rate shown in the snapshot is a statewide weighted average. Within Maine, county rates can swing ±30% around the median, especially in border counties with differing school-district mill levies.
How Maine Compares
| Metric | Maine | National Avg | NH | VT |
|---|---|---|---|---|
| Median Home Price | $390,000 | $420,000 | $395,000 | $385,000 |
| Property Tax Rate | 1.28% | 1.07% | 2.18% | 1.9% |
| State Income Tax | 7.15% | 4.6%* | None | 8.75% |
| Avg Insurance Cost | $950/yr | $1,544/yr | $1,320/yr | $1,320/yr |
| Cost of Living Index | 98 | 100 | 110 | 114 |
| Household Income — p25 | $45,002 | $41,401 | $56,016 | $43,039 |
| Household Income — p50 (median) | $90,632 | $83,592 | $112,318 | $85,054 |
| Household Income — p75 | $156,000 | $153,000 | $185,100 | $144,229 |
*Average of states that levy an income tax. 2026 estimates. [3] Income percentiles from DQYDJ/Census CPS 2024[4].
Maine Financial Planning Tips
Maine's 1.28% effective property tax rate produces a ~$4,992 annual bill on the median home, vs 1.07% nationally. $950 avg annual homeowners premium is 38% below the $1,544 national average. A typical 11% down payment in Maine equals $42,900 in cash up front.
First-time buyers in Maine can apply to programs including MaineHousing First Home Loan, MaineHousing Salute ME. MaineHousing First Home Loan MaineHousing Salute ME
Frequently Asked Questions: Land Transfer Tax Calculator in Maine
How does the land transfer tax work in Maine?
- The land transfer tax calculator runs the standard amortization + PITI formula and layers on Maine's 7.15% state income tax, 1.28% property tax rate, and cost-of-living index of 98. All inputs stay in your browser.
What is the average home price in Maine?
- The median home price in Maine is $390,000 as of 2026. Prices vary widely by metro area, with urban centers typically 20–50% above the statewide median.
What is the property tax rate in Maine?
- Maine has a property tax rate of 1.28% of assessed home value. On a $390,000 home, the annual property tax is approximately $4,992.
Is Maine a good state to buy a home?
- Maine has a cost of living index of 98 and a median home price of $390,000. With a 7.15% state income tax, affordability depends on your income and local market conditions. Property taxes at 1.28% are a key ongoing cost.
Is the land transfer tax free to use for Maine residents?
- Yes — the Land Transfer Tax Calculator is 100% free, with no signup required. All Maine-specific numbers (median home price $390,000, property tax 1.28%, 7.15% state income tax) are prefilled from public datasets. Calculations run in your browser; no data is sent to our servers.
Does the land transfer tax replace tax or financial advice?
- No. The Land Transfer Tax Calculator provides educational estimates using public data and standard formulas. It is not personalized tax, legal, or investment advice. For decisions with material consequences, consult a licensed professional.
More Calculators
← Back to Land Transfer Tax CalculatorRelated Calculators for Maine
Calculate for Neighboring States
Maine Financial Data (2026)
- State Income Tax
- 7.15%
- Property Tax Rate
- 1.28%
- Median Home Price
- $390,000
- Annual Property Tax (median home)
- $4,992
- Avg Homeowners Insurance
- $950/year
- Cost of Living Index
- 98 (100 = avg)
- State Estate Tax
- Yes
- State Abbreviation
- ME
Compare Maine with other states
Every number on this page reads from the same CalcFi data repository used by the Live Data pages below — the figures stay consistent.
Home Prices by State
Zillow ZHVI across all 50 states
Property Tax by State
Effective rate × ZHVI = annual bill
Household Income by State
FRED real median + percentile bands
Cost of Living by State
BEA RPP all-items + housing
No-Income-Tax States
Full list + trade-offs
Current Interest Rates
Treasury curve + PMMS + FDIC
How we compute this — methodology
CalcFi pSEO pages combine three inputs: (1) the calculator formula itself, which runs client-side so no inputs leave your browser; (2) state-level financial constants from primary public datasets; and (3) national benchmarks for comparison. The Maine page uses the property tax rate (1.28%), median home price ($390,000), and 7.15% state income tax from the sources listed below.
Known limits: statewide averages mask large intra-state variance — county-level property tax and metro-level home prices differ significantly from the figures shown. For the most precise calculations, cross-check the output against your actual county assessor and the latest federal/state tax tables at filing time.
More Cities in Maine
Use Land Transfer Tax Calculator for any city in Maine.
Related Calculators & States
Same Calculator, Other States
Related Calculators for Maine
National reference: Land Transfer Tax Calculator Calculator
Sources
Every number on this page cites a primary public dataset. Last reviewed (auto-bumped by the next ISR refresh after an ETL run).
- U.S. Department of Labor, Wage and Hour Division — State Minimum Wage Laws. dol.gov/agencies/whd/minimum-wage/state. Retrieved 2026-04-19.
- Tax Foundation — State Individual Income Tax Rates and Brackets. taxfoundation.org/data/all/state/state-income-tax-rates-2025. Retrieved 2026-04-19.
- Composite state financial context (median home price, property tax effective rate, cost of living index) cross-referenced against the primary sources below.
- Census Current Population Survey / IPUMS CPS (income year 2024) via DQYDJ state tools. dqydj.com. Retrieved 2026-04-19.
- Zillow Research — ZHVI (Zillow Home Value Index) + ZORI (Zillow Observed Rent Index) — www.zillow.com/research/data. Retrieved 2026-04-19.
- Freddie Mac Primary Mortgage Market Survey (PMMS) — weekly national mortgage rates — www.freddiemac.com/pmms. Retrieved 2026-04-19.
- Tax Foundation — Property Taxes Paid as % of Owner-Occupied Housing Value; State Tax Rates and Brackets; Estate/Inheritance; Social Security Taxation — taxfoundation.org/data/all/state. Retrieved 2026-04-19.
- NAIC Dwelling Fire, Homeowners Owners, and Homeowners Tenants Insurance Report — content.naic.org/article/homeowners-insurance-report. Retrieved 2026-04-19.
- U.S. Census Bureau — American Community Survey (ACS) 5-year estimates — www.census.gov/programs-surveys/acs. Retrieved 2026-04-19.
- State Departments of Revenue — official bracket + deduction publications (one primary URL per state; linked in the brackets table below) — taxfoundation.org/data/all/state/state-income-tax-rates. Retrieved 2026-04-19.
- Bureau of Economic Analysis — Regional Price Parities by State — www.bea.gov/data/prices-inflation/regional-price-parities-state-and-metro-area. Retrieved 2026-04-19.
- U.S. Department of Labor — State Minimum Wage Laws — www.dol.gov/agencies/whd/minimum-wage/state. Retrieved 2026-04-19.
- FRED (Federal Reserve Economic Data) — real median household income, unemployment, HPI, LFPR per state — fred.stlouisfed.org. Retrieved 2026-04-19.
- BLS Occupational Employment and Wage Statistics (OEWS) — state-level occupational wages — www.bls.gov/oes. Retrieved 2026-04-19.
CalcFi does not sell data. If you spot an error, email [email protected] with the URL and the correct figure.