Winter Harbor, Maine Property Taxes
The median property tax rate in Winter Harbor, ME is 1.09%, slightly higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With a median home value of $139,000 in Winter Harbor, the typical annual property tax bill amounts to $1,515, which is below the national median of $2,690. Property taxes in Winter Harbor are calculated based on the tax assessed value, which usually falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Winter Harbor'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 Winter Harbor 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
Winter Harbor, 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 Winter Harbor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winter Harbor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winter Harbor 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 Winter Harbor, Maine
Property taxes in Winter Harbor, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winter Harbor is 1.09%, higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Winter Harbor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winter Harbor 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 Winter Harbor's effective property tax rate to other counties in Maine and the national median. For comparison, the 04693 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Winter Harbor provides valuable insights into the varying tax landscape across Hancock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winter Harbor Tax Rate
1.09%
Average Hancock County Tax Rate
1.23%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winter Harbor, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04693 | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Winter Harbor, Maine
In Winter Harbor, 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 Hancock 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 Winter Harbor, 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. Winter Harbor's median home price is $139,000, with tax bills ranging from $1,212 at the 25th percentile to $3,843 at the 90th percentile. The zip code 04693 has both the highest and lowest median tax bill, at $1,515. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Winter Harbor Assessed Value
$139,000
Average Hancock County Assessed Value
$205,850
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winter Harbor, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04693 | $84,400 | $111,200 | $139,000 | $178,800 | $352,600 |
Source: Ownwell
Property Tax Bills Across Winter Harbor, Maine
In Winter Harbor, located in Hancock County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. Homeowners in Winter Harbor can expect their property tax bills to vary widely. For instance, the 25th percentile tax bill stands at $1,212, while the 75th percentile tax bill reaches $1,949. At the 90th percentile, the tax bill can be as high as $3,843. The assessed value is typically a percentage of the property's market value, and this value is then multiplied by the local tax rate to determine the tax bill. The median home price in Winter Harbor is $139,000, which influences the overall tax calculation. Compared to the national median property tax rate of 0.99%, Winter Harbor's tax rates can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors can help homeowners anticipate their annual tax obligations and budget accordingly.
Average Winter Harbor Tax Bill
$1,515
Average Hancock County Tax Bill
$2,609
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Winter Harbor, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04693 | $920 | $1,212 | $1,515 | $1,949 | $3,843 |
Source: Ownwell