Arundel, Maine Property Taxes
The median property tax rate in Arundel, ME is 1.70%, significantly higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Arundel at $223,600, the typical annual property tax bill reaches $3,796, surpassing the national median of $2,690. Property taxes in Arundel are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Arundel'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 Arundel 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
Arundel, 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 Arundel Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Arundel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arundel to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan accordingly. 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 Arundel, Maine
Property taxes in Arundel, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arundel is 1.70%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Arundel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arundel 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 Arundel's effective property tax rate to other counties in Maine and the national median. For comparison, the 04046 zip code has the highest median property tax rate of 1.70%, while the 04046 zip code also has the lowest median tax rate of 1.70%. Understanding how these cities compare with Arundel provides valuable insights into the varying tax landscape across York County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arundel Tax Rate
1.70%
Average York County Tax Rate
1.32%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arundel, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04046 | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Arundel, Maine
In Arundel, 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 York 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 Arundel, 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 Arundel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 04046, with a median tax bill of $3,796, while the zip code with the lowest median tax bill is also 04046, reflecting the same value.
Average Arundel Assessed Value
$223,600
Average York County Assessed Value
$307,400
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arundel, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04046 | $86,300 | $157,600 | $223,600 | $301,500 | $355,860 |
Source: Ownwell
Property Tax Bills Across Arundel, Maine
In Arundel, ME, property tax bills are calculated based on the assessed value of the property and the local tax rate. The median home price in this area is $223,600. Homeowners can expect varying tax bills depending on the value of their property and the specific tax rate applied by the local government. For instance, the tax bill at the 25th percentile is $2,679, while at the 75th percentile, it rises to $5,120. At the 90th percentile, homeowners might see tax bills as high as $6,032. Factors influencing these amounts include the property's assessed value, which is determined by local assessors, and the tax rate set by the city. This rate can fluctuate based on budgetary needs and public services funding. Compared to the national median property tax rate of 0.99%, Arundel's rates can significantly impact homeowners, especially those with higher-valued properties. The highest median tax bill in the area, found in zip code 04046, is $3,796, illustrating the variability within the region.
Average Arundel Tax Bill
$3,796
Average York County Tax Bill
$3,841
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Arundel, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04046 | $1,467 | $2,679 | $3,796 | $5,120 | $6,032 |
Source: Ownwell