Belfast, Waldo County, Maine Property Taxes

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

Median Belfast, ME effective property tax rate: 2.14%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Belfast, ME home value: $179,450
Median annual Belfast, ME tax bill: $3,848, $1,448 higher than the national median property tax bill of $2,400.

How are property taxes in Waldo County calculated?

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

Last Updated March 1, 2025

Belfast, Waldo County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.14%

Estimate Property Tax Bill

$3,840

$3,564

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

Property Tax Rates Across Belfast, Waldo County, Maine

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each county, including Waldo, annually estimates its budgetary needs for providing essential services and divides this amount by the total value of all taxable property within its borders. This process results in the property tax rate for that year. Although there are votes and legislative measures involved in determining these rates and budgets, this is the basic annual procedure. In Belfast, located in Waldo County, the effective property tax rate stands out when compared to other cities in Maine. With a rate of 2.14%, Belfast's property tax rate is notably higher than the national median of 1.02%. This means that property owners in Belfast contribute a larger portion of their property's assessed value in taxes compared to the national average. Understanding these rates is crucial for property owners looking to manage their expenses effectively.

Property Tax Rates Across Belfast, Waldo County, Maine

Source: Ownwell

1.04%

1.67%

2.30%

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 Belfast Tax Rate

2.14%

Median Effective Waldo County Tax Rate

1.74%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Belfast, Waldo County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04915	2.14%	2.14%	2.14%	2.14%	2.14%

Source: Ownwell

Property Tax Assessment Values Across Belfast, Waldo County, Maine

When examining property taxes in Belfast, 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 Waldo 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 Waldo 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 Belfast. For example, the median home price in Belfast is $179,450, with tax bills ranging significantly across the county. 04915 has the highest median home price at $179,450.

Property Tax Assessment Values Across Belfast, Waldo County, Maine

Source: Ownwell

$14,800

$161,850

$308,900

Median Belfast Market Value

$179,450

Median Waldo County Market Value

$154,000

Median Maine Market Value

$204,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Belfast, Waldo County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04915	$46,920	$115,100	$179,450	$267,850	$377,920

Source: Ownwell

Property Tax Bills Across Belfast, Waldo County, Maine

In Belfast, located in Waldo County, Maine, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Various factors influence this calculation, including the property's market value and any applicable exemptions. Homeowners in Belfast can expect a median property tax bill of $3,848, which is significantly higher than the national median of $2,400. This higher tax burden can impact homeowners' finances, making it crucial to ensure that their property is assessed accurately.

Ownwell can assist homeowners in Belfast by reviewing their property assessments and identifying potential errors or discrepancies. By filing appeals and securing exemptions, Ownwell helps homeowners reduce their tax liabilities. This service can lead to substantial savings, especially for those facing tax bills at the higher end of the spectrum, such as the 90th percentile tax bill of $8,076. With Ownwell's expertise, homeowners can achieve fair property assessments and lower their tax burdens.

Property Tax Bills Across Belfast, Waldo County, Maine

Source: Ownwell

$202

$2,025

$3,848

Median Belfast Tax Bill

$3,848

Median Waldo County Tax Bill

$2,632

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Belfast, Waldo County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04915	$1,080	$2,475	$3,848	$5,734	$8,076

Source: Ownwell