Swans Island, Hancock County, Maine Property Taxes

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

Median Swans Island, ME effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Swans Island, ME home value: $173,300
Median annual Swans Island, ME tax bill: $2,201, $199 lower than the national median property tax bill of $2,400.

How are property taxes in Hancock calculated?

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

Last Updated March 1, 2025

Swans Island, Hancock County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.27%

Estimate Property Tax Bill

$2,201

$2,042

Ownwell’s Swans Island Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Swans Island with just two data points. By entering your property's estimated assessed value, our calculator applies Swans Island’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 Swans Island, Hancock County, Maine

Local government entities set tax rates, which can vary widely within a state. This variability is due to each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process. Swans Island in Hancock County, ME, has an effective property tax rate of 1.27%. This rate is both the highest and lowest median tax rate in the area, highlighting the uniformity within this specific region. When compared to the national median property tax rate of 1.02%, Swans Island's rate is notably higher. The median property tax rate in Maine also reflects this trend, indicating a generally higher property tax burden in the region compared to the national average. Understanding these differences can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Swans Island, 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 Swans Island Tax Rate

1.27%

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 Swans Island, Hancock County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04685	1.27%	1.27%	1.27%	1.27%	1.27%

Source: Ownwell

Property Tax Assessment Values Across Swans Island, Hancock County, Maine

When examining property taxes in Swans Island, 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 Swans Island.

For example, the median home price in Swans Island is $173,300, with tax bills ranging significantly across the county. Zip code 04685 has the highest median home price at $173,300.

Property Tax Assessment Values Across Swans Island, Hancock County, Maine

Source: Ownwell

$67,000

$311,200

$555,400

Median Swans Island Market Value

$173,300

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 Swans Island, Hancock County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04685	$77,240	$120,550	$173,300	$265,250	$437,240

Source: Ownwell

Property Tax Bills Across Swans Island, Hancock County, Maine

In Swans Island, located in Hancock County, ME, property tax bills are calculated based on the assessed value of a property. This assessment reflects the market value, which is then multiplied by the local tax rate to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Swans Island face a median tax bill of $2,201, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,531 and the 90th percentile reaching $5,553. These variations can impact homeowners' financial planning and overall cost of living.

Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing local property tax assessments, Ownwell identifies opportunities for homeowners to reduce their tax bills. This involves ensuring that the property is fairly assessed and that homeowners are taking advantage of available exemptions. Through these services, Ownwell can help Swans Island residents potentially save on their property taxes and alleviate financial burdens.

Property Tax Bills Across Swans Island, Hancock County, Maine

Source: Ownwell

$317

$2,580

$4,843

Median Swans Island Tax Bill

$2,201

Median Hancock County Tax Bill

$2,609

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Swans Island, Hancock County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04685	$981	$1,531	$2,201	$3,368	$5,553

Source: Ownwell