Hebron, Maine Property Taxes
The median property tax rate in Hebron, ME is 1.46%, notably higher than the national median of 0.99% but slightly below the Maine state median of 1.57%. With a median home value of $162,604 in Hebron, the typical annual property tax bill amounts to $2,374, which is below the national median of $2,690. Property taxes in Hebron are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Hebron'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 Hebron 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
Hebron, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$2,374
Ownwell’s Hebron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hebron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hebron 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 Hebron, Maine
Property taxes in Hebron, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hebron is 1.46%, higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Hebron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hebron 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 Hebron's effective property tax rate to other areas in Maine and the national median. For comparison, the zip code 04238 has both the highest and lowest median property tax rate of 1.46%. Understanding how these areas compare with Hebron provides valuable insights into the varying tax landscape across Oxford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hebron Tax Rate
1.46%
Average Oxford County Tax Rate
1.50%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hebron, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04238 | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Hebron, Maine
In Hebron, Maine, understanding the distinction between "market value" and "assessed value" is essential for grasping property taxes. The market value represents 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 determined by the Oxford County Appraisal District for tax purposes. Conversely, 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 Hebron, 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 Hebron is $162,604, with tax bills ranging from $2,073 at the 25th percentile to $4,027 at the 90th percentile. Awareness of these valuation processes in Hebron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hebron Assessed Value
$162,604
Average Oxford County Assessed Value
$138,018
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hebron, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04238 | $113,234 | $141,994 | $162,604 | $199,905 | $275,824 |
Source: Ownwell
Property Tax Bills Across Hebron, Maine
In Hebron, located in Oxford County, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Hebron stands at $162,604. Property taxes are determined by multiplying the assessed value of the property by the local tax rate, which varies within the county. Homeowners in Hebron can expect their tax bills to range significantly, with the 25th percentile paying around $2,073, while those in the 75th percentile face bills of approximately $2,919. At the higher end, the 90th percentile sees tax bills reaching up to $4,027. Factors influencing these bills include property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Hebron's rates can be relatively high, impacting homeowners by increasing their annual housing costs. This variation underscores the importance of understanding local property tax dynamics to manage financial expectations effectively.
Average Hebron Tax Bill
$2,374
Average Oxford County Tax Bill
$2,200
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Hebron, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04238 | $1,625 | $2,073 | $2,374 | $2,919 | $4,027 |
Source: Ownwell