Houlton, Maine Property Taxes
The median property tax rate in Houlton, ME is 2.26%, significantly higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Houlton at $75,094, the typical annual property tax bill reaches $1,686, which is still below the national median of $2,690. Property taxes in Houlton are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Houlton'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 Houlton or another part of Aroostook County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Houlton, 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 Houlton Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Houlton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Houlton to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities, making financial planning easier. For those interested in more detailed trends, localized information is available further down the page. Your property’s assessed value is the value assigned by Aroostook County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Houlton, Maine
Property taxes in Houlton, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Houlton is 2.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Houlton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Houlton 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 Houlton's effective property tax rate to other counties in Maine and the national median. For comparison, the 04730 zip code has the highest median property tax rate of 2.26%, while the 04730 zip code also has the lowest median tax rate of 2.26%. Understanding how these cities compare with Houlton provides valuable insights into the varying tax landscape across Aroostook County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Houlton Tax Rate
2.26%
Average Aroostook County Tax Rate
2.26%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Houlton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04730 | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% |
Source: Ownwell
Property Tax Assessment Values Across Houlton, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Houlton, Maine. 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 Aroostook County Assessor 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 Houlton, 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. Being aware of these valuation processes in Houlton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Houlton are both $1,686, found in the 04730 zip code.
Average Houlton Assessed Value
$75,094
Average Aroostook County Assessed Value
$86,999
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Houlton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04730 | $38,180 | $54,950 | $75,094 | $99,400 | $145,060 |
Source: Ownwell
Property Tax Bills Across Houlton, Maine
In Houlton, located in Aroostook County, ME, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the town’s assessor and reflects a percentage of the property's market value. Homeowners in Houlton experience a range of property tax bills, with the 25th percentile paying around $1,228 and those in the 75th percentile paying approximately $2,230. At the 90th percentile, tax bills can reach up to $3,248. The median home price in Houlton is $75,094, which significantly influences the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, Houlton's property tax rate can result in varying financial impacts on homeowners. Factors such as property improvements, location, and market conditions also play a role in determining the final tax bill. Understanding these elements helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Houlton Tax Bill
$1,686
Average Aroostook County Tax Bill
$1,771
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Houlton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04730 | $856 | $1,228 | $1,686 | $2,230 | $3,248 |
Source: Ownwell