Westbrook, Maine Property Taxes
The median property tax rate in Westbrook, ME is 1.81%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Westbrook at $217,800, the typical annual property tax bill reaches $3,941, exceeding the national median of $2,690. Property taxes in Westbrook 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 Westbrook'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 Westbrook 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
Westbrook, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$3,942
Ownwell’s Westbrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westbrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westbrook 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 Westbrook, Maine
Property taxes in Westbrook, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westbrook is 1.81%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Westbrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westbrook 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 Westbrook's effective property tax rate to other counties in Maine and the national median. For comparison, the 04092 zip code has the highest median property tax rate of 1.81%, while the 04092 zip code also has the lowest median tax rate of 1.81%. Understanding how these cities compare with Westbrook provides valuable insights into the varying tax landscape across Cumberland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Westbrook Tax Rate
1.81%
Average Cumberland County Tax Rate
1.52%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westbrook, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04092 | 1.81% | 1.81% | 1.81% | 1.81% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Westbrook, Maine
In Westbrook, 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 Cumberland 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 Westbrook, 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. The median home price in Westbrook is $217,800, with tax bills ranging from $3,356 at the 25th percentile to $5,716 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Westbrook Assessed Value
$217,800
Average Cumberland County Assessed Value
$319,900
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Westbrook, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04092 | $139,960 | $185,400 | $217,800 | $262,700 | $315,800 |
Source: Ownwell
Property Tax Bills Across Westbrook, Maine
Property tax bills in Westbrook, located in Cumberland County, ME, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value and applies an assessment ratio to arrive at the assessed value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's size, age, location, and improvements. Homeowners in Westbrook can expect a median property tax bill of $3,941, which is notably higher than the national median property tax rate of 0.99%. For instance, the tax bill at the 25th percentile is $3,356, while at the 75th percentile, it reaches $4,755. The top 10% of tax bills can go up to $5,716. These property tax bills significantly impact homeowners by contributing to their overall housing costs and influencing decisions on property investments and homeownership in the area.
Average Westbrook Tax Bill
$3,941
Average Cumberland County Tax Bill
$4,856
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Westbrook, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04092 | $2,533 | $3,356 | $3,941 | $4,755 | $5,716 |
Source: Ownwell