OOB property taxes
FY2026 mil rate: 12.20. Applied to assessed values from the 2024 town-wide revaluation. Bills mailed in September; half due in October, half in April.
Updated May 2026
How to calculate
Assessed value × 12.20 / 1,000 = annual tax. Example: $700,000 assessed = $8,540/year. The 2024 revaluation reset assessed values to 100% of fair market value as of April 1, 2024.
Exemptions
Homestead exemption: $25,000 off assessed value for primary residences (apply by April 1). Veteran exemption: $6,000 ($50,000+ for 100% disabled). Blind: $4,000.
Where the money goes
~45% RSU 23 schools, ~35% municipal operations, ~12% capital + debt, ~8% county + overlay.
If you disagree with your assessment
File an abatement application with the Assessor by 185 days from commitment. Independent appraisal recommended if challenging.
- FY2026 mil rate
- 12.20
- Last reval
- 2024 (100% of FMV)
- Homestead exemption
- $25,000
- Bills mailed
- September
- Half due
- October & April
Compiled from Town of Old Orchard Beach, RSU 23, FEMA, Maine Revenue Service, US Census, and MLS. Deemed reliable but not guaranteed; verify before any transaction.