Winterport, Maine Property Taxes
The median property tax rate in Winterport, ME is 1.36%, surpassing the national median of 0.99% but lower than the Maine state median of 1.57%. With a median home value of $14,800 in Winterport, the typical annual property tax bill amounts to $202, significantly below the national median of $2,690. Property taxes in Winterport are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Winterport'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 Winterport 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
Winterport, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$201
Ownwell’s Winterport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winterport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winterport 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 Winterport, Maine
Property taxes in Winterport, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winterport is 1.36%, which is higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Winterport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winterport 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 Winterport's effective property tax rate to other counties in Maine and the national median. For comparison, the zip code 04496 has both the highest and lowest median property tax rate of 1.36%. Understanding how these cities compare with Winterport provides valuable insights into the varying tax landscape across Waldo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winterport Tax Rate
1.36%
Average Waldo County Tax Rate
1.74%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winterport, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04496 | 1.36% | 1.36% | 1.36% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Winterport, Maine
In Winterport, 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 Waldo 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 Winterport, 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. The median home price in Winterport is $14,800, with tax bills ranging from $155 at the 25th percentile to $552 at the 90th percentile. The zip code 04496 records the highest and lowest median tax bill at $202. 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 Winterport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Winterport Assessed Value
$14,800
Average Waldo County Assessed Value
$154,000
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winterport, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04496 | $8,880 | $11,350 | $14,800 | $17,575 | $40,450 |
Source: Ownwell
Property Tax Bills Across Winterport, Maine
In Winterport, located in Waldo County, ME, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the town assessor, who evaluates the property’s market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including the home's size, age, condition, and location. In Winterport, the median home price is $14,800, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $155, while at the 75th percentile, it rises to $240. Homeowners in the 90th percentile can expect a tax bill as high as $552. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. While Winterport's property tax rate may seem modest compared to the national median property tax rate of 0.99%, it remains a crucial factor for homeowners when budgeting their annual expenses.
Average Winterport Tax Bill
$202
Average Waldo County Tax Bill
$2,632
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Winterport, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04496 | $121 | $155 | $202 | $240 | $552 |
Source: Ownwell