North Haven, Maine Property Taxes
The median property tax rate in North Haven, ME is 1.45%, which is considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in North Haven at $273,100, the typical annual property tax bill reaches $3,960, exceeding the national median of $2,690. Property taxes in North Haven 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 North Haven'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 North Haven 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
North Haven, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$3,960
Ownwell’s North Haven Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Haven with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Haven 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 North Haven, Maine
Property taxes in North Haven, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Haven is 1.45%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within North Haven set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Haven 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 North Haven's effective property tax rate to other counties in Maine and the national median. For comparison, the 04853 zip code has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with North Haven provides valuable insights into the varying tax landscape across Knox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Haven Tax Rate
1.45%
Average Knox County Tax Rate
1.55%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Haven, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04853 | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across North Haven, Maine
In North Haven, 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 Knox 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 North Haven, 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 North Haven helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $273,100, with the highest median tax bill recorded at $3,960 in the 04853 zip code.
Average North Haven Assessed Value
$273,100
Average Knox County Assessed Value
$198,500
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Haven, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04853 | $150,320 | $190,800 | $273,100 | $374,100 | $569,640 |
Source: Ownwell
Property Tax Bills Across North Haven, Maine
In North Haven, Knox County, ME, property tax bills are calculated based on the assessed value of a home. The median home price in North Haven is $273,100. The local tax rate is applied to this assessed value to determine the annual property tax bill. Various factors influence the assessed value, including market conditions, property size, and any improvements made to the property. Homeowners in North Haven can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $2,767, while at the 75th percentile, it rises to $5,424. At the 90th percentile, it can reach as high as $8,260. These variations are due to differences in property values and the specific characteristics of each home. Compared to the national median property tax rate of 0.99%, North Haven's property tax rates can have a substantial impact on homeowners, influencing their overall housing costs and financial planning. Understanding these factors is essential for homeowners to manage their expenses effectively.
Average North Haven Tax Bill
$3,960
Average Knox County Tax Bill
$3,340
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across North Haven, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04853 | $2,180 | $2,767 | $3,960 | $5,424 | $8,260 |
Source: Ownwell