Acton, Maine Property Taxes
The median property tax rate in Acton, ME is 0.64%, which is notably lower than both the national median of 0.99% and the Maine state median of 1.57%. With a median home value of $320,828 in Acton, the typical annual property tax bill amounts to $2,069, falling below the national median of $2,690. Property taxes in Acton are calculated based on the assessed value, which often is lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Acton'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 Acton or another part of York County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Acton, 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 Acton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Acton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Acton 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 Acton, Maine
Property taxes in Acton, Maine, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Acton is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Acton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Acton 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 Acton's effective property tax rate to other areas in York County and the national median. For comparison, the zip code 04001 in Acton has the highest median property tax rate of 0.64%, while the same zip code also has the lowest median tax rate of 0.64%. Understanding how these figures compare with Acton provides valuable insights into the varying tax landscape across York County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Acton Tax Rate
0.64%
Average York County Tax Rate
1.32%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Acton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04001 | 0.64% | 0.64% | 0.64% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Acton, Maine
In Acton, Maine, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is 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 local 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 Acton, 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. The median home price here is $320,828, with tax bills ranging from $1,571 at the 25th percentile to $4,696 at the 90th percentile. 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 Acton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Acton Assessed Value
$320,828
Average York County Assessed Value
$307,400
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Acton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04001 | $193,786 | $243,631 | $320,828 | $453,941 | $728,084 |
Source: Ownwell
Property Tax Bills Across Acton, Maine
In Acton, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the town's assessor, who evaluates the property based on various factors including market conditions, property size, and improvements. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Acton, the median home price is $320,828. Depending on the assessed value and applicable tax rate, tax bills can vary significantly. For instance, the 25th percentile of tax bills is around $1,571, while the 75th percentile reaches $2,928. At the higher end, the 90th percentile of tax bills can soar to $4,696, reflecting the variability in property valuations and tax rates. Comparatively, the median property tax rate in Acton is higher than the national median of 0.99%. This means that homeowners in Acton may face higher property tax bills compared to other regions, impacting their overall cost of homeownership.
Average Acton Tax Bill
$2,069
Average York County Tax Bill
$3,841
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Acton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04001 | $1,250 | $1,571 | $2,069 | $2,928 | $4,696 |
Source: Ownwell