Ogunquit, York County, Maine Property Taxes
Median Ogunquit, ME effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Ogunquit, ME home value: $615,900
Median annual Ogunquit, ME tax bill: $3,985, $1,585 higher than the national median property tax bill of $2,400.
How are property taxes in York calculated?
Property taxes in Ogunquit, 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 Ogunquit’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ogunquit, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ogunquit, York County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.65%
Estimate Property Tax Bill
$4,003
$3,715
Property Tax Rates Across Ogunquit, York County, Maine
Local government entities have the authority to set tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budget requirements to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Despite the involvement of votes and laws in setting these rates and budgets, this is essentially the process followed each year.
When examining Ogunquit in York County, Maine, its effective property tax rate is noteworthy. The rate stands at 0.65%, which is notably lower than the national median property tax rate of 1.02%. This makes Ogunquit an attractive location for property owners seeking lower tax obligations. Compared to other cities in Maine, Ogunquit maintains a consistent tax rate, providing stability for its residents. The median property tax rate in Maine aligns with Ogunquit’s rate, showcasing the region's commitment to maintaining manageable property tax levels. This consistency not only benefits current property owners but also makes Ogunquit an appealing option for prospective buyers looking for a favorable tax environment.
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 Ogunquit Tax Rate
0.65%
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 York County Tax Rate
1.32%
Median Effective Maine Tax Rate
1.57%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ogunquit, York County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03907 | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Ogunquit, York County, Maine
When examining property taxes in Ogunquit, 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 York 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.
In York 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 Ogunquit.
For example, the median home price in Ogunquit is $615,900, with tax bills ranging significantly across the county. Zip code 03907 has the highest median home price at $615,900.
Property Tax Assessment Values Across Ogunquit, York County, Maine
Source: Ownwell
$155,269
$527,635
$900,000
Median Ogunquit Market Value
$615,900
Median York County Market Value
$307,400
Median Maine Market Value
$204,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ogunquit, York County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03907 | $245,700 | $362,500 | $615,900 | $880,000 | $1,277,660 |
Source: Ownwell
Property Tax Bills Across Ogunquit, York County, Maine
In Ogunquit, York County, ME, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value, which considers factors such as property size, location, and condition. Ogunquit's median property tax bill stands at $3,985, notably above the national median of $2,400. Homeowners in this area face tax bills ranging from $2,350 at the 25th percentile to $8,271 at the 90th percentile. These figures highlight the significant financial burden property taxes can place on homeowners.
Ownwell offers a solution by assisting homeowners in appealing their property tax assessments, potentially leading to reduced tax bills. Our experts analyze your property's assessed value and compare it to similar homes, identifying discrepancies that could lower your tax liability. By leveraging our expertise, homeowners can ensure their property is fairly assessed, maximizing potential savings and alleviating the financial strain of property taxes.
Median Ogunquit Tax Bill
$3,985
Median York County Tax Bill
$3,841
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Ogunquit, York County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03907 | $1,591 | $2,350 | $3,985 | $5,702 | $8,271 |
Source: Ownwell