Kents Hill, Maine Property Taxes
The median property tax rate in Kents Hill, ME is 1.33%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Kents Hill, the typical annual property tax bill reaches $3,476, exceeding the national median of $2,690. Property taxes in Kents Hill are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kents Hill's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kents Hill or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kents Hill, 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 Kents Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kents Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kents Hill 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 Kents Hill, Maine
Property taxes in Kents Hill, Maine, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Kents Hill is 1.33%, higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Kents Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kents Hill 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 Kents Hill's effective property tax rate to other counties in Maine and the national median. For comparison, the 04349 zip code has the highest median property tax rate of 1.33%, while the 04349 zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Kents Hill provides valuable insights into the varying tax landscape across Kennebec County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kents Hill Tax Rate
1.33%
Average Kennebec County Tax Rate
1.72%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kents Hill, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04349 | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Kents Hill, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kents Hill, Maine. 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 Kennebec 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 Kents Hill, 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. For instance, the highest median tax bill in Kents Hill is $3,476 in the 04349 zip code, while the lowest is also $3,476 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kents Hill Assessed Value
$261,500
Average Kennebec County Assessed Value
$154,165
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kents Hill, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04349 | $158,150 | $174,825 | $261,500 | $348,850 | $442,420 |
Source: Ownwell
Property Tax Bills Across Kents Hill, Maine
Property tax bills in Kents Hill, located in Kennebec County, ME, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor's office and is intended to represent the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the final tax bill, including property size, location, and any improvements made to the property. For instance, the median home price in Kents Hill is $261,500, which serves as a baseline for many assessments. Homeowners in the 25th percentile can expect to pay around $2,323, while those in the 75th percentile might see bills closer to $4,636. The highest property tax bills in the area can reach up to $5,880, significantly impacting household budgets. Compared to the national median property tax rate of 0.99%, Kents Hill's rates are relatively high, reflecting the area's property values and tax policies.
Average Kents Hill Tax Bill
$3,476
Average Kennebec County Tax Bill
$2,685
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Kents Hill, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04349 | $2,102 | $2,323 | $3,476 | $4,636 | $5,880 |
Source: Ownwell