Owls Head, Knox County, Maine Property Taxes

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

Median Owls Head, ME effective property tax rate: 1.40%, significantly higher than the national median of 1.02%, but lower than the ME state median of 1.57%.
Median Owls Head, ME home value: $239,940
Median annual Owls Head, ME tax bill: $3,359, $959 higher than the national median property tax bill of $2,400.

How are property taxes in Knox County calculated?

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

Last Updated March 1, 2025

Owls Head, Knox County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.4%

Estimate Property Tax Bill

$3,359

$3,117

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

Property Tax Rates Across Owls Head, Knox County, Maine

Local government entities in Maine, like those in other states, set property tax rates, which can vary significantly even within the same state. Each county, including Knox County, estimates its budget requirements annually to provide essential services. This budget is then divided by the total assessed value of all taxable properties within the jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the yearly process. In Owls Head, located in Knox County, the effective property tax rate stands at 1.40%, which is notably higher than the national median of 1.02%. This rate is consistent across the county, as evidenced by the uniformity in the highest and lowest median tax rates within the area. When compared to the national median property tax bill of $2,400, homeowners in Owls Head might find their tax obligations comparatively higher. This highlights the importance of understanding local tax dynamics and exploring potential property tax appeal opportunities.

Property Tax Rates Across Owls Head, Knox County, Maine

Source: Ownwell

1.01%

1.72%

2.43%

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 Owls Head Tax Rate

1.40%

Median Effective Knox County Tax Rate

1.55%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Owls Head, Knox County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04854	1.40%	1.40%	1.40%	1.40%	1.40%

Source: Ownwell

Property Tax Assessment Values Across Owls Head, Knox County, Maine

When examining property taxes in Owls Head, 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 Knox 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 Knox 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 Owls Head. For example, the median home price in Owls Head is $239,940, with tax bills ranging significantly across the county. Zip code 04854 has the highest median home price at $239,940.

Property Tax Assessment Values Across Owls Head, Knox County, Maine

Source: Ownwell

$159,200

$280,900

$402,600

Median Owls Head Market Value

$239,940

Median Knox County Market Value

$198,500

Median Maine Market Value

$204,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Owls Head, Knox County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04854	$106,090	$162,360	$239,940	$419,920	$617,430

Source: Ownwell

Property Tax Bills Across Owls Head, Knox County, Maine

In Owls Head, located in Knox County, ME, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in this area is $239,940, and the tax bill can vary significantly. For homeowners, the 25th percentile tax bill is $2,273, while the 75th percentile reaches $5,879. Those in the 90th percentile face a tax bill of $8,644. The median property tax bill in the area is $3,359, which is higher than the national median of $2,400, reflecting the local tax rate's impact on homeowners. The tax bill is influenced by factors such as property size, location, and improvements. Higher tax bills can place a financial burden on homeowners, making it essential to explore ways to reduce them. Ownwell offers expert property tax appeal and exemption services, helping homeowners identify potential savings and lower their tax obligations. With professional guidance, homeowners can navigate the complexities of property tax assessments and secure meaningful reductions.

Property Tax Bills Across Owls Head, Knox County, Maine

Source: Ownwell

$2,132

$3,725

$5,317

Median Owls Head Tax Bill

$3,359

Median Knox County Tax Bill

$3,340

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Owls Head, Knox County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04854	$1,485	$2,273	$3,359	$5,879	$8,644

Source: Ownwell