Dedham, Hancock County, Maine Property Taxes

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

Median Dedham, ME effective property tax rate: 1.58%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Dedham, ME home value: $192,800
Median annual Dedham, ME tax bill: $3,180, $780 higher than the national median property tax bill of $2,400.

How are property taxes in Hancock calculated?

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

Last Updated March 1, 2025

Dedham, Hancock County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.58%

Estimate Property Tax Bill

$3,046

$2,827

Ownwell’s Dedham Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dedham with just two data points. By entering your property's estimated assessed value, our calculator applies Dedham’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 Hancock. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Dedham, Hancock County, Maine

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Dedham’s effective property tax rate to other cities in Maine and the median property tax rates in Maine and the U.S. Dedham, located in Hancock County, has a property tax rate of 1.58%, which is higher than the national median property tax rate of 1.02%. This means that homeowners in Dedham may face higher property tax bills compared to the national average. However, Dedham's tax rate is consistent with other areas in Maine, where the property tax rate is also 1.58%. Understanding these rates can help homeowners make informed decisions about property ownership and potential tax liabilities.

Property Tax Rates Across Dedham, Hancock County, Maine

Source: Ownwell

0.37%

1.27%

2.17%

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 Dedham Tax Rate

1.58%

Median Effective Hancock County Tax Rate

1.23%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Dedham, Hancock County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04429	1.58%	1.58%	1.58%	1.80%	1.80%

Source: Ownwell

Property Tax Assessment Values Across Dedham, Hancock County, Maine

When examining property taxes in Dedham, 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 Hancock 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 Hancock County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Dedham.

For example, the median home price in Dedham is $192,800, with tax bills ranging significantly across the county. Zip code 04429 has the highest median home price at $192,800.

Property Tax Assessment Values Across Dedham, Hancock County, Maine

Source: Ownwell

$67,000

$311,200

$555,400

Median Dedham Market Value

$192,800

Median Hancock County Market Value

$205,850

Median Maine Market Value

$204,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Dedham, Hancock County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04429	$82,450	$130,825	$192,800	$272,375	$363,820

Source: Ownwell

Property Tax Bills Across Dedham, Hancock County, Maine

In Dedham, Maine, property tax bills are determined based on the assessed value of a home, which is then multiplied by the local tax rate. This process considers factors such as property size, location, and improvements. With a median home price of $192,800, homeowners in Dedham face property tax bills that can vary significantly. For instance, the tax bill at the 25th percentile is $2,130, while at the 75th percentile, it rises to $4,626. These figures highlight the potential financial burden on homeowners, especially when compared to the national median property tax bill of $2,400.

Ownwell can assist Dedham homeowners in reducing their property tax bills by providing expert property tax appeal and exemption services. By ensuring that properties are accurately assessed and helping homeowners navigate exemptions, Ownwell can potentially lower tax obligations. This not only eases the financial strain but also ensures homeowners are not overpaying on their property taxes, allowing them to allocate resources more effectively.

Property Tax Bills Across Dedham, Hancock County, Maine

Source: Ownwell

$317

$2,580

$4,843

Median Dedham Tax Bill

$3,180

Median Hancock County Tax Bill

$2,609

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Dedham, Hancock County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04429	$1,346	$2,130	$3,180	$4,626	$6,181

Source: Ownwell