Tenants Harbor, Knox County, Maine Property Taxes

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

Median Tenants Harbor, ME effective property tax rate: 1.01%, slightly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Tenants Harbor, ME home value: $273,000
Median annual Tenants Harbor, ME tax bill: $2,757, $357 higher than the national median property tax bill of $2,400.

How are property taxes in Knox calculated?

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

Last Updated March 1, 2025

Tenants Harbor, Knox County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.01%

Estimate Property Tax Bill

$2,757

$2,559

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

Local government entities determine tax rates, which can vary greatly within a state. This variation occurs because each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the core of the annual process. In TENANTS HARBOR, located in Knox County, ME, the effective property tax rate stands at 1.01%. This rate aligns closely with both the highest and lowest median tax rates in the state, which are also 1.01%. Compared to the national median property tax rate of 1.02%, TENANTS HARBOR's rate is slightly lower, offering a modest advantage to property owners. While the median property tax bill in the U.S. is $2400, property owners in TENANTS HARBOR might experience similar financial commitments due to the comparable tax rate. Understanding these rates can help property owners make informed financial decisions and potentially seek tax appeals or exemptions if they believe their assessed values are inaccurate.

Property Tax Rates Across Tenants Harbor, 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 Tenants Harbor Tax Rate

1.01%

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 Tenants Harbor, Knox County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04860	1.01%	1.01%	1.01%	1.01%	1.01%

Source: Ownwell

Property Tax Assessment Values Across Tenants Harbor, Knox County, Maine

When examining property taxes in Tenants Harbor, 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 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 Tenants Harbor. For example, the median home price in Tenants Harbor is $273,000, with tax bills ranging significantly across the county. Zip code 04860 has the highest median home price at $273,000.

Property Tax Assessment Values Across Tenants Harbor, Knox County, Maine

Source: Ownwell

$159,200

$280,900

$402,600

Median Tenants Harbor Market Value

$273,000

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 Tenants Harbor, Knox County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04860	$154,400	$195,950	$273,000	$415,800	$587,140

Source: Ownwell

Property Tax Bills Across Tenants Harbor, Knox County, Maine

In Tenants Harbor, located in Knox County, ME, property tax bills are determined based on the assessed value of a home. The local tax rate is applied to this value to calculate the annual tax bill. Homeowners in Tenants Harbor face a median property tax bill of $2,757, which is slightly above the national median of $2,400. Factors such as property location, size, and improvements can influence the assessed value, thus affecting the tax bill. For those in the 25th percentile, tax bills are around $1,980, while those in the 90th percentile can see bills as high as $5,930. These variations highlight the importance of accurate property assessments. Ownwell offers services that help homeowners potentially reduce their tax bills by appealing inaccurate assessments and securing exemptions. By leveraging expert knowledge and experience, Ownwell ensures that homeowners pay only their fair share, providing peace of mind and potential savings.

Property Tax Bills Across Tenants Harbor, Knox County, Maine

Source: Ownwell

$2,132

$3,725

$5,317

Median Tenants Harbor Tax Bill

$2,757

Median Knox County Tax Bill

$3,340

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Tenants Harbor, Knox County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04860	$1,559	$1,980	$2,757	$4,200	$5,930

Source: Ownwell