Whitefield, Maine Property Taxes
The median property tax rate in Whitefield, ME is 1.67%, significantly higher than both the national median of 0.99% and the Maine state median of 1.57%. With a median home value of $145,683 in Whitefield, the typical annual property tax bill reaches $2,436, which is still below the national median of $2,690. Property taxes here 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 Whitefield'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 Whitefield or another part of Lincoln County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whitefield, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$2,433
Ownwell’s Whitefield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitefield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitefield 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 Whitefield, Maine
Property taxes in Whitefield, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitefield is 1.67%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Whitefield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitefield 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 Whitefield's effective property tax rate to other areas in Maine and the national median. For comparison, the zip code 04353 has the highest median property tax rate of 1.67%, while the same zip code also has the lowest median tax rate of 1.67%. Understanding how these cities compare with Whitefield provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitefield Tax Rate
1.67%
Average Lincoln County Tax Rate
1.40%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitefield, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04353 | 1.67% | 1.67% | 1.67% | 1.67% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Whitefield, Maine
In Whitefield, 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 Lincoln 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 Whitefield, 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 Whitefield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,436, found in zip code 04353, while the lowest median tax bill is also $2,436 in the same zip code.
Average Whitefield Assessed Value
$145,683
Average Lincoln County Assessed Value
$224,290
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitefield, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04353 | $70,031 | $105,497 | $145,683 | $187,612 | $227,607 |
Source: Ownwell
Property Tax Bills Across Whitefield, Maine
In Whitefield, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by local tax assessors who evaluate various factors such as the property's size, location, and condition. For example, the median home price in Whitefield is $145,683. Homeowners in the 25th percentile pay around $1,764 annually, while those in the 75th percentile face bills closer to $3,137. The top 10% of homeowners can see tax bills as high as $3,806. These tax bills significantly impact homeowners by influencing their monthly mortgage payments and overall housing affordability. Compared to the national median property tax rate of 0.99%, Whitefield's rates can be seen as relatively high, especially for those in the upper percentiles. This can make a substantial difference in the long-term financial planning and budgeting for residents, affecting decisions on home improvements, relocations, and other major financial commitments.
Average Whitefield Tax Bill
$2,436
Average Lincoln County Tax Bill
$2,866
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitefield, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04353 | $1,171 | $1,764 | $2,436 | $3,137 | $3,806 |
Source: Ownwell