Gouldsboro, Hancock County, Maine Property Taxes
Median Gouldsboro, ME effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Gouldsboro, ME home value: $179,000
Median annual Gouldsboro, ME tax bill: $2,184, $216 lower than the national median property tax bill of $2,400.
How are property taxes in Hancock calculated?
Property taxes in Gouldsboro, 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 Gouldsboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gouldsboro, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gouldsboro, Hancock County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.23%
Estimate Property Tax Bill
$2,202
$2,043
Property Tax Rates Across Gouldsboro, Hancock County, Maine
Local government entities determine tax rates, leading to significant variability within a state. This variation occurs because each county annually estimates its budgetary needs for services and divides this by the total assessed value of all taxable property within its area. The resulting figure is the property tax rate. While votes and legislation play roles in setting these rates and budgets, this is the core of the annual process.
In Gouldsboro, located in Hancock County, the effective property tax rate reflects these calculations. Property owners in Gouldsboro face a rate that aligns with the median tax rate for Maine, which is notably higher than the national median. This comparison highlights the differences between local and national property tax landscapes. Understanding these variances is crucial for property owners, as they directly impact annual tax bills. Gouldsboro's tax rate, while consistent with the state median, underscores the importance of staying informed about local tax policies and potential appeals. By doing so, property owners can ensure they are not overpaying and can take advantage of any available exemptions or reductions.
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 Gouldsboro Tax Rate
1.23%
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 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 Gouldsboro, Hancock County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04607 | 1.22% | 1.22% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Gouldsboro, Hancock County, Maine
When examining property taxes in Gouldsboro, 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 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 Gouldsboro.
For example, the median home price in Gouldsboro is $179,000, with tax bills ranging significantly across the county. Zip code 04607 has the highest median home price at $179,000.
Property Tax Assessment Values Across Gouldsboro, Hancock County, Maine
Source: Ownwell
$67,000
$311,200
$555,400
Median Gouldsboro Market Value
$179,000
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 Gouldsboro, Hancock County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04607 | $79,140 | $117,500 | $179,000 | $281,100 | $457,180 |
Source: Ownwell
Property Tax Bills Across Gouldsboro, Hancock County, Maine
Median Gouldsboro Tax Bill
$2,184
Median Hancock County Tax Bill
$2,609
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Gouldsboro, Hancock County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04607 | $959 | $1,439 | $2,184 | $3,443 | $5,600 |
Source: Ownwell