Kittery Point, Maine Property Taxes
The median property tax rate in Kittery Point, ME is 1.35%, considerably higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With the median home value in Kittery Point at $447,100, the typical annual property tax bill reaches $6,027, significantly exceeding the national median of $2,690. Property taxes in Kittery Point 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 Kittery Point'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 Kittery Point 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
Kittery Point, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$6,036
Ownwell’s Kittery Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kittery Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kittery Point 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 Kittery Point, Maine
Property taxes in Kittery Point, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kittery Point is 1.35%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Kittery Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kittery Point 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 Kittery Point's effective property tax rate to other counties in Maine and the national median. For comparison, the 03905 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Kittery Point 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 Kittery Point Tax Rate
1.35%
Average York County Tax Rate
1.32%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kittery Point, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03905 | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Kittery Point, Maine
In Kittery Point, 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 York 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 Kittery Point, 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 Kittery Point helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kittery Point are both $6027 in the 03905 zip code.
Average Kittery Point Assessed Value
$447,100
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 Kittery Point, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03905 | $253,440 | $313,625 | $447,100 | $668,600 | $1,073,570 |
Source: Ownwell
Property Tax Bills Across Kittery Point, Maine
In Kittery Point, ME, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the York County Assessor's Office and is intended to reflect the market value of your property. Once the assessed value is established, the local tax rate is applied to calculate your annual property tax bill. For homeowners in Kittery Point, the median home price is $447,100, which significantly influences the amount of property tax owed. Property tax bills can vary widely, with the 25th percentile at $4,228 and the 75th percentile reaching $8,984. At the higher end, the 90th percentile tax bill can soar to $14,472. This range demonstrates how different factors, such as property improvements or neighborhood developments, can impact your tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Kittery Point experience a unique property tax landscape, where the highest and lowest median tax bills are both $6,027, reflecting the specific local economic conditions and property values.
Average Kittery Point Tax Bill
$6,027
Average York County Tax Bill
$3,841
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Kittery Point, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03905 | $3,416 | $4,228 | $6,027 | $8,984 | $14,472 |
Source: Ownwell