York, York County, Maine Property Taxes
The median property tax rate in York, ME is 0.86%, which is lower than both the national median of 0.99% and the Maine state median of 1.57%. With a median home value of $506,250 in York, the typical annual property tax bill reaches $4,330, significantly higher than the national median of $2,690. Property taxes in York are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding York'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 York 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
York, York County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$4,354
$4,040
Ownwell’s York Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in York with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in York 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 York, York County, Maine
Property taxes in York, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in York is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within York set these rates annually, and they can vary significantly across different neighborhoods. Each year, York 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 York's effective property tax rate to other counties in Maine and the national median. For comparison, the 03909 zip code has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these cities compare with York 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 York Tax Rate
0.86%
Average York County Tax Rate
1.32%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across York, York County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03909 | 0.85% | 0.85% | 0.85% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across York, York County, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in York, Maine. 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 York, 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. For instance, York's median home price is $506,250, with tax bills ranging from $3,188 at the 25th percentile to $8,768 at the 90th percentile. The zip code 03909 has the highest and lowest median tax bill of $4,330. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across York, York County, Maine
Source: Ownwell
$155,269
$527,635
$900,000
Average York Assessed Value
$506,250
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 York, York County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03909 | $105,800 | $372,700 | $506,250 | $692,500 | $1,025,860 |
Source: Ownwell
Property Tax Bills Across York, York County, Maine
In York, ME, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in York is $506,250, and property tax rates can vary significantly within the region. For instance, tax bills in the 25th percentile are around $3,188, while those in the 75th percentile can reach up to $5,921. At the 90th percentile, homeowners might see tax bills as high as $8,768. Factors influencing these variations include property location, size, and any improvements made to the property. The highest and lowest median tax bills are both $4,330, found in the 03909 zip code. Compared to the national median property tax rate of 0.99%, York's property tax rates can represent a substantial financial consideration for homeowners. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations and manage their finances accordingly.
Average York Tax Bill
$4,330
Average York County Tax Bill
$3,841
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across York, York County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03909 | $905 | $3,188 | $4,330 | $5,921 | $8,768 |
Source: Ownwell