Blue Hill, Maine Property Taxes
The median property tax rate in Blue Hill, ME is 1.26%, 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 Blue Hill, the typical annual property tax bill reaches $2,646, slightly below the national median of $2,690. Property taxes in Blue Hill 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 Blue Hill'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 Blue Hill 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
Blue Hill, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$2,645
Ownwell’s Blue Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blue Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blue Hill 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 Blue Hill, Maine
Property taxes in Blue Hill, Maine, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Hill is 1.26%, which is higher than the U.S. national median of 0.99%. Local government entities within Blue Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Hill 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 Blue Hill's effective property tax rate to other areas in Hancock County and the national median. For comparison, the zip code 04614 has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Blue Hill provides valuable insights into the varying tax landscape across Hancock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blue Hill Tax Rate
1.26%
Average Hancock County Tax Rate
1.23%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Hill, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04614 | 1.26% | 1.26% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Blue Hill, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Blue Hill, 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 Hancock 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 Blue Hill, 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 Blue Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Blue Hill are both $2,646, found in the 04614 zip code.
Average Blue Hill Assessed Value
$209,950
Average Hancock County Assessed Value
$205,850
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blue Hill, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04614 | $94,930 | $151,425 | $209,950 | $304,075 | $470,750 |
Source: Ownwell
Property Tax Bills Across Blue Hill, Maine
In Blue Hill, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of the property. The tax rate, often expressed as a percentage, is applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $209,950 in Blue Hill, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $1,908, while those in the 75th percentile face a tax bill of approximately $3,831. At the higher end, the 90th percentile sees tax bills reaching up to $5,931. These figures highlight the variability in property tax obligations based on property values and assessments. When compared to the national median property tax rate of 0.99%, Blue Hill's tax bills can be seen as a reflection of both local property values and the specific tax rate set by Hancock County.
Average Blue Hill Tax Bill
$2,646
Average Hancock County Tax Bill
$2,609
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Hill, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04614 | $1,196 | $1,908 | $2,646 | $3,831 | $5,931 |
Source: Ownwell