Orland, Maine Property Taxes
The median property tax rate in Orland, ME is 0.98%, slightly below the national median of 0.99% and significantly lower than the Maine state median of 1.57%. With a median home value of $185,040, the typical annual property tax bill in Orland is $1,810, which is less than the national median of $2,690. Property taxes in Orland are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Orland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Orland or another part of Hancock County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Orland, Maine Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$3,140
Ownwell’s Orland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orland to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Orland, Maine
Property taxes in Orland, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orland is 0.98%, just slightly below the U.S. national median of 0.99%. Local government entities within Orland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orland estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Orland's effective property tax rate to other areas in Hancock County and the national median. For comparison, the zip code 04472 has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Orland provides valuable insights into the varying tax landscape across Hancock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Orland Tax Rate
0.98%
Average Hancock County Tax Rate
1.23%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orland, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04472 | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Orland, Maine
In Orland, Maine, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Hancock County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Orland, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Orland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, in Orland, the highest median tax bill is $1,810 in the 04472 zip code, which is also the lowest median tax bill. The median home price in Orland is $185,040, with tax bills ranging from $1,252 at the 25th percentile to $3,504 at the 90th percentile.
Average Orland Assessed Value
$185,040
Average Hancock County Assessed Value
$205,850
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Orland, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04472 | $71,940 | $128,085 | $185,040 | $258,355 | $358,250 |
Source: Ownwell
Property Tax Bills Across Orland, Maine
In Orland, ME, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $185,040, the tax bills can vary significantly. Homeowners in the 25th percentile pay approximately $1,252, while those in the 75th percentile pay around $2,526. At the 90th percentile, the tax bill can reach up to $3,504. The highest and lowest median tax bills in the area are both $1,810, indicating a relatively uniform tax rate within the zip code 04472. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners need to consider these costs as they can significantly impact their annual expenses. Compared to the national median property tax rate of 0.99%, Orland's property tax rates reflect the local economic conditions and funding needs.
Average Orland Tax Bill
$1,810
Average Hancock County Tax Bill
$2,609
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Orland, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04472 | $704 | $1,252 | $1,810 | $2,526 | $3,504 |
Source: Ownwell