Islesford, Hancock County, Maine Property Taxes

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

Median Islesford, ME effective property tax rate: 1.10%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Islesford, ME home value: $233,950
Median annual Islesford, ME tax bill: $2,569, $169 higher than the national median property tax bill of $2,400.

How are property taxes in Hancock calculated?

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

Last Updated March 1, 2025

Islesford, Hancock County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.1%

Estimate Property Tax Bill

$2,573

$2,388

Ownwell’s Islesford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Islesford with just two data points. By entering your property's estimated assessed value, our calculator applies Islesford’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Hancock 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 County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Islesford, Hancock County, Maine

Local government entities are responsible for setting property tax rates, and these rates can differ significantly within a state. Each year, counties like Hancock estimate their required budget to provide essential services. This budget is then divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting these rates and budgets, this is the basic annual process.

In Islesford, located in Hancock County, the effective property tax rate is an important figure for homeowners to consider. When compared to other cities in Maine and the national median, Islesford's rate offers a unique perspective. The median property tax rate in Maine is slightly above the national median, reflecting the state's approach to funding local services. Homeowners in Islesford benefit from understanding how their property tax rate aligns with both state and national figures, allowing them to make informed financial decisions.

Property Tax Rates Across Islesford, 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 Islesford Tax Rate

1.10%

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 Islesford, Hancock County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04646	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Islesford, Hancock County, Maine

When examining property taxes in Islesford, 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.

Assessment notices:

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 Islesford.

For example, the median home price in Islesford is $233,950, with tax bills ranging significantly across the county. Tax bills in the 25th percentile are $2,268, while those in the 75th percentile reach $3,668.

Property Tax Assessment Values Across Islesford, Hancock County, Maine

Source: Ownwell

$67,000

$311,200

$555,400

Median Islesford Market Value

$233,950

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 Islesford, Hancock County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04646	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Islesford, Hancock County, Maine

In Islesford, located in Hancock County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the annual property tax bill. Islesford's property tax bills often vary, with the 25th percentile at $2,268 and the 75th percentile reaching $3,668. The 90th percentile can go as high as $4,101. With the national median property tax bill at $2,400, Islesford homeowners may find themselves paying above the average, especially at higher percentiles. These taxes fund essential services such as education, infrastructure, and public safety, directly impacting community quality. However, this financial burden can be challenging for homeowners. Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying opportunities for reductions, Ownwell helps homeowners potentially lower their tax bills, ensuring fair taxation and significant savings.

Property Tax Bills Across Islesford, Hancock County, Maine

Source: Ownwell

$317

$2,580

$4,843

Median Islesford Tax Bill

$2,569

Median Hancock County Tax Bill

$2,609

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Islesford, Hancock County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04646	N/A	N/A	N/A	N/A	N/A

Source: Ownwell