Kittery, Maine Property Taxes
The median property tax rate in Kittery, ME is 1.35%, 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 Kittery at $342,200, the typical annual property tax bill reaches $4,629, significantly exceeding the national median of $2,690. Property taxes in Kittery 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 Kittery'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 Kittery 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
Kittery, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$4,620
Ownwell’s Kittery Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kittery with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kittery 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 Kittery, Maine
Property taxes in Kittery, Maine, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Kittery is 1.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within Kittery set these rates annually, and they can vary across different neighborhoods. Each year, Kittery 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 Kittery's effective property tax rate to other counties in Maine and the national median. For comparison, the 03904 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Kittery 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 Kittery Tax Rate
1.35%
Average York County Tax Rate
1.32%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kittery, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03904 | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Kittery, Maine
In Kittery, 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 Kittery, 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 Kittery is $342,200. Homeowners in the 25th percentile face a tax bill of approximately $3,538, while those in the 75th percentile see bills around $6,110. The highest and lowest median tax bills, both at $4,629, are found in the 03904 zip code. Being aware of these valuation processes in Kittery helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kittery Assessed Value
$342,200
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 Kittery, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03904 | $147,900 | $260,175 | $342,200 | $451,250 | $606,950 |
Source: Ownwell
Property Tax Bills Across Kittery, Maine
In Kittery, 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 Kittery is $342,200, and property taxes are determined by applying the local tax rate to this assessed value. The tax bill can vary significantly, with homeowners in the 25th percentile paying around $3,538, while those in the 75th percentile could see bills as high as $6,110. The 90th percentile tax bill can reach up to $8,201. Factors influencing the tax bill include the property's assessed value, which is periodically updated to reflect market conditions, and the local tax rate set by municipal authorities. This rate ensures sufficient funding for public services such as schools, infrastructure, and emergency services. For homeowners, these property taxes represent a significant annual expense, impacting household budgets and the overall cost of homeownership. Comparing this to the national median property tax rate of 0.99%, Kittery homeowners face relatively higher tax bills, reflecting the region's property values and local fiscal policies.
Average Kittery Tax Bill
$4,629
Average York County Tax Bill
$3,841
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Kittery, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03904 | $2,305 | $3,538 | $4,629 | $6,110 | $8,201 |
Source: Ownwell