New Sweden, Aroostook County, Maine Property Taxes

Name: Property Tax Bills Across New Sweden, Aroostook County, Maine
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median New Sweden, ME effective property tax rate: 1.78%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median New Sweden, ME home value: $101,600
Median annual New Sweden, ME tax bill: $1,808, $592 lower than the national median property tax bill of $2,400.

How are property taxes in Aroostook County calculated?

Property taxes in New Sweden, ME are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding New Sweden’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Sweden, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

New Sweden, Aroostook County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.78%

Estimate Property Tax Bill

$1,808

$1,678

Ownwell’s New Sweden Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Sweden with just two data points. By entering your property's estimated assessed value, our calculator applies New Sweden’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Aroostook County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across New Sweden, Aroostook County, Maine

Local government entities are responsible for setting tax rates, and these rates can differ significantly across various areas within a state. This disparity arises because each county annually calculates its budgetary needs for services and divides this amount by the total assessed value of all taxable properties within its boundaries. This calculation determines the property tax rate. While laws and votes play a role in determining tax rates and budgets, this is the fundamental process followed each year. In New Sweden, located in Aroostook County, Maine, the effective property tax rate reflects these local calculations. When comparing New Sweden’s effective property tax rate to other cities in Maine and the national median, it's evident that local factors heavily influence these rates. Maine's median property tax rate is notably higher than the national median of 1.02%, highlighting the state's unique budgetary requirements and property values. Understanding these local variations is crucial for property owners looking to manage their tax liabilities efficiently.

Property Tax Rates Across New Sweden, Aroostook County, Maine

Source: Ownwell

0.28%

1.66%

3.04%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective New Sweden Tax Rate

1.78%

Median Effective Aroostook County Tax Rate

2.26%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New Sweden, Aroostook County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04762	1.78%	1.78%	1.78%	1.78%	1.78%

Source: Ownwell

Property Tax Assessment Values Across New Sweden, Aroostook County, Maine

When examining property taxes in New Sweden, ME, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Aroostook County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Aroostook County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in New Sweden.

For example, the median home price in New Sweden is $101,600, with tax bills ranging significantly across the county. The zip code 04762 has the highest median home price at $101,600.

Property Tax Assessment Values Across New Sweden, Aroostook County, Maine

Source: Ownwell

$38,785

$97,618

$156,450

Median New Sweden Market Value

$101,600

Median Aroostook County Market Value

$86,999

Median Maine Market Value

$204,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across New Sweden, Aroostook County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04762	$48,460	$70,425	$101,600	$132,912	$173,280

Source: Ownwell

Property Tax Bills Across New Sweden, Aroostook County, Maine

In New Sweden, located in Aroostook County, Maine, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in New Sweden is $101,600, and property tax bills can vary significantly. For instance, homeowners in the 25th percentile pay about $1,254, while those in the 75th percentile face bills around $2,366. The highest tax bill reaches up to $3,085, with a median tax bill of $1,808 in the 04762 zip code. Compared to the national median property tax bill of $2,400, New Sweden homeowners generally pay less. However, these taxes can still pose a financial burden.

Ownwell can assist homeowners in New Sweden by identifying potential savings on their property tax bills through appeals and exemptions. By analyzing property assessments and ensuring they align with market values, Ownwell helps homeowners reduce their tax liabilities, potentially saving them hundreds of dollars annually. This service provides peace of mind and financial relief to property owners in the area.

Property Tax Bills Across New Sweden, Aroostook County, Maine

Source: Ownwell

$223

$1,405

$2,587

Median New Sweden Tax Bill

$1,808

Median Aroostook County Tax Bill

$1,771

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across New Sweden, Aroostook County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04762	$863	$1,254	$1,808	$2,366	$3,085

Source: Ownwell