Vinalhaven, Knox County, Maine Property Taxes

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

Median Vinalhaven, ME effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Vinalhaven, ME home value: $237,800
Median annual Vinalhaven, ME tax bill: $2,925, $525 higher than the national median property tax bill of $2,400.

How are property taxes in Knox calculated?

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

Last Updated March 1, 2025

Vinalhaven, Knox County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.23%

Estimate Property Tax Bill

$2,925

$2,714

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

Local government entities determine tax rates, which can vary significantly within Maine. Each year, counties like Knox estimate their necessary budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the fundamental annual process.

In Vinalhaven, Knox County, the effective property tax rate reflects this process. When compared to other cities in Maine and the national median, Vinalhaven's rate provides insight into the local tax landscape. The median property tax rate in Maine is above the national median, highlighting the state's approach to funding local services through property taxes. By understanding these rates, property owners in Vinalhaven can better anticipate their tax obligations and explore potential savings through appeals or exemptions. This knowledge empowers property owners to make informed decisions about their property taxes, ensuring they are not overpaying and are taking advantage of any available benefits.

Property Tax Rates Across Vinalhaven, 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 Vinalhaven Tax Rate

1.23%

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 Vinalhaven, Knox County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04863	1.23%	1.23%	1.23%	1.23%	1.23%

Source: Ownwell

Property Tax Assessment Values Across Vinalhaven, Knox County, Maine

When examining property taxes in Vinalhaven, 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 Vinalhaven. For example, the median home price in Vinalhaven is $237,800, with tax bills ranging significantly across the county. 04863 has the highest median home price at $237,800.

Property Tax Assessment Values Across Vinalhaven, Knox County, Maine

Source: Ownwell

$159,200

$280,900

$402,600

Median Vinalhaven Market Value

$237,800

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 Vinalhaven, Knox County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04863	$130,360	$170,000	$237,800	$347,500	$572,780

Source: Ownwell

Property Tax Bills Across Vinalhaven, Knox County, Maine

In Vinalhaven, located in Knox County, ME, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Vinalhaven face a median tax bill of $2,925, which is above the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value, thus impacting the tax bill. Homeowners with tax bills at the 25th percentile pay around $2,091, while those at the 75th percentile pay about $4,274, and at the 90th percentile, the bill can rise to $7,046. These figures highlight the variation in tax burdens among homeowners. By leveraging Ownwell's expertise, homeowners can potentially reduce their property tax bills. Ownwell assists in identifying discrepancies in property assessments, filing appeals, and securing exemptions, ultimately helping homeowners achieve significant savings on their property taxes.

Property Tax Bills Across Vinalhaven, Knox County, Maine

Source: Ownwell

$2,132

$3,725

$5,317

Median Vinalhaven Tax Bill

$2,925

Median Knox County Tax Bill

$3,340

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Vinalhaven, Knox County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04863	$1,603	$2,091	$2,925	$4,274	$7,046

Source: Ownwell