Hartland, Maine Property Taxes
The median property tax rate in Hartland, ME is 2.08%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Hartland, the typical annual property tax bill reaches $1,659, exceeding the national median of $2,690. Property taxes in Hartland are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hartland'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 Hartland or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hartland, Maine Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$3,140
Ownwell’s Hartland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hartland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hartland 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 Hartland, Maine
Property taxes in Hartland, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartland is 2.08%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Hartland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hartland 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 Hartland's effective property tax rate to other counties in Maine and the national median. For comparison, the 04943 zip code has both the highest and lowest median property tax rate of 2.08%. Understanding how these cities compare with Hartland provides valuable insights into the varying tax landscape across Somerset County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hartland Tax Rate
2.08%
Average Somerset County Tax Rate
1.77%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartland, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04943 | 2.08% | 2.08% | 2.08% | 2.08% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Hartland, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hartland, Maine. The market value represents 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 Somerset 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 Hartland, 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 Hartland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hartland is $79,750, with the highest and lowest median tax bills both being $1,659 in the 04943 zip code.
Average Hartland Assessed Value
$79,750
Average Somerset County Assessed Value
$105,900
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hartland, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04943 | $33,919 | $55,978 | $79,750 | $116,828 | $170,093 |
Source: Ownwell
Property Tax Bills Across Hartland, Maine
In Hartland, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the Somerset County assessor and reflects the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $79,750, homeowners in Hartland can expect varying tax bills depending on their property's assessed value and specific circumstances. The tax bill at the 25th percentile is approximately $1,164, while at the 75th percentile, it rises to about $2,430. For those at the higher end, the 90th percentile tax bill reaches $3,563. These property taxes fund essential local services such as schools, infrastructure, and emergency services. Homeowners in Hartland, therefore, contribute to the community by paying property taxes, which can vary significantly based on their property's value and the local tax rate. The highest and lowest median tax bill in the region is $1,659, reflecting the uniformity in tax assessments within the zip code 04943.
Average Hartland Tax Bill
$1,659
Average Somerset County Tax Bill
$1,837
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartland, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04943 | $706 | $1,164 | $1,659 | $2,430 | $3,563 |
Source: Ownwell