Windsor, Maine Property Taxes
The median property tax rate in Windsor, ME is 1.45%, notably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Windsor, the typical annual property tax bill reaches $2,001, which exceeds the national median of $2,690. Property taxes in Windsor are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Windsor'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 Windsor or another part of Kennebec County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Windsor, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$2,001
Ownwell’s Windsor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Windsor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Windsor 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 Windsor, Maine
Property taxes in Windsor, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Windsor is 1.45%, significantly higher than the U.S. national median of 0.99%. Local government entities within Windsor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Windsor 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 Windsor's effective property tax rate to other areas in Kennebec County and the national median. For comparison, the 04363 zip code has both the highest and lowest median property tax rate of 1.45%. Understanding how these areas compare with Windsor provides valuable insights into the varying tax landscape across Kennebec County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Windsor Tax Rate
1.45%
Average Kennebec County Tax Rate
1.72%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Windsor, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04363 | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Windsor, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Windsor, 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 Kennebec 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 Windsor, 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 Windsor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 04363 has the highest and lowest median tax bill at $2001, reflecting the uniformity in tax burdens across different areas.
Average Windsor Assessed Value
$138,000
Average Kennebec County Assessed Value
$154,165
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Windsor, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04363 | $36,300 | $89,975 | $138,000 | $178,475 | $227,360 |
Source: Ownwell
Property Tax Bills Across Windsor, Maine
In Windsor, property tax bills are calculated based on the assessed value of your home. The median home price in Windsor is $138,000, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, improvements, and market conditions can influence the assessed value. For example, homes in the 25th percentile have tax bills around $1,305, while those in the 75th percentile see bills closer to $2,588. At the high end, the 90th percentile tax bill reaches $3,297. Comparatively, Windsor's property tax rate is higher than the national median of 0.99%, making it essential for homeowners to understand how these calculations impact their finances. A higher assessed value directly translates to a higher tax bill, affecting household budgets and long-term financial planning. Homeowners should stay informed about their property's assessed value and any potential exemptions or appeals to manage their tax liabilities effectively.
Average Windsor Tax Bill
$2,001
Average Kennebec County Tax Bill
$2,685
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Windsor, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04363 | $526 | $1,305 | $2,001 | $2,588 | $3,297 |
Source: Ownwell