East Waterboro, Maine Property Taxes
The median property tax rate in East Waterboro, ME is 1.32%, considerably higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With the median home value in East Waterboro at $275,200, the typical annual property tax bill reaches $3,633, exceeding the national median of $2,690. Property taxes in East Waterboro 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 East Waterboro'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 East Waterboro 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
East Waterboro, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$3,633
Ownwell’s East Waterboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Waterboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Waterboro 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 East Waterboro, Maine
Property taxes in East Waterboro, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Waterboro is 1.32%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within East Waterboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Waterboro 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 East Waterboro's effective property tax rate to other counties in Maine and the national median. For comparison, the 04030 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with East Waterboro 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 East Waterboro Tax Rate
1.32%
Average York County Tax Rate
1.32%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Waterboro, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04030 | 1.32% | 1.32% | 1.32% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across East Waterboro, Maine
In East Waterboro, 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. Assessment notices in East Waterboro 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 East Waterboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,633, found in the 04030 zip code.
Average East Waterboro Assessed Value
$275,200
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 East Waterboro, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04030 | $179,660 | $228,600 | $275,200 | $346,100 | $445,720 |
Source: Ownwell
Property Tax Bills Across East Waterboro, Maine
In East Waterboro, located in York 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 this area is $275,200, and the property tax rate is applied to this assessed value to determine the annual tax bill. Various factors influence the assessed value, including the property's market value, location, and any improvements or renovations made to the home. Homeowners in East Waterboro can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $3,018, whereas the 75th percentile tax bill reaches approximately $4,568. At the 90th percentile, homeowners might see tax bills as high as $5,884. The highest and lowest median tax bills in the area are both recorded at $3,633 in the 04030 zip code. Compared to the national median property tax rate of 0.99%, East Waterboro's property tax bills reflect the specific economic conditions of York County, impacting homeowners' annual financial planning.
Average East Waterboro Tax Bill
$3,633
Average York County Tax Bill
$3,841
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across East Waterboro, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04030 | $2,372 | $3,018 | $3,633 | $4,568 | $5,884 |
Source: Ownwell