Bar Harbor, Hancock County, Maine Property Taxes

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

Median Bar Harbor, ME effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Bar Harbor, ME home value: $523,700
Median annual Bar Harbor, ME tax bill: $4,546, $2,146 higher than the national median property tax bill of $2,400.

How are property taxes in Hancock calculated?

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

Last Updated March 1, 2025

Bar Harbor, Hancock County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$4,556

$4,228

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

Property Tax Rates Across Bar Harbor, Hancock County, Maine

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide essential services and divides that by the total assessed value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. In Bar Harbor, located in Hancock County, the effective property tax rate is 0.87%, which is below the national median of 1.02%. This makes Bar Harbor an attractive option for property owners looking to minimize their tax burden. In contrast, the national median property tax bill is $2,400, which may be higher than what residents in Bar Harbor typically pay. Comparing Bar Harbor's effective property tax rate to other cities in Maine and the U.S., one can see the potential savings. With a consistent rate across the region, Bar Harbor stands out as a favorable location for property investment.

Property Tax Rates Across Bar Harbor, Hancock County, Maine

Source: Ownwell

0.37%

1.27%

2.17%

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 Bar Harbor Tax Rate

0.87%

Median Effective Hancock County Tax Rate

1.23%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bar Harbor, Hancock County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04609	0.87%	0.87%	0.87%	0.87%	0.87%

Source: Ownwell

Property Tax Assessment Values Across Bar Harbor, Hancock County, Maine

When examining property taxes in Bar Harbor, 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 Hancock 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 Hancock 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 Bar Harbor. For example, the median home price in Bar Harbor is $523,700, with tax bills ranging significantly across the county. 04609 has the highest median home price at $523,700.

Property Tax Assessment Values Across Bar Harbor, Hancock County, Maine

Source: Ownwell

$67,000

$311,200

$555,400

Median Bar Harbor Market Value

$523,700

Median Hancock County Market Value

$205,850

Median Maine Market Value

$204,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bar Harbor, Hancock County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04609	$315,160	$409,200	$523,700	$659,700	$962,380

Source: Ownwell

Property Tax Bills Across Bar Harbor, Hancock County, Maine

In Bar Harbor, located in Hancock County, ME, property tax bills are a significant consideration for homeowners. The tax bill is calculated by multiplying the assessed value of the property by the local tax rate. With a median home price of $523,700, property taxes can be a considerable expense. The median tax bill for the area is $4,546, which is notably higher than the national median property tax bill of $2,400. This higher tax bill reflects both the local property values and the specific tax rates set by the county.

Factors such as property size, location, and improvements can influence the assessed value, directly affecting the tax bill. For homeowners, this means staying informed about their property's assessed value is crucial. Ownwell offers specialized services to help homeowners reduce their property tax bills. By analyzing your property's assessment and identifying potential discrepancies, Ownwell can assist in filing appeals and exemptions, ensuring you pay only what is fair. This proactive approach can lead to significant savings for homeowners in Bar Harbor.

Property Tax Bills Across Bar Harbor, Hancock County, Maine

Source: Ownwell

$317

$2,580

$4,843

Median Bar Harbor Tax Bill

$4,546

Median Hancock County Tax Bill

$2,609

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Bar Harbor, Hancock County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04609	$2,744	$3,554	$4,546	$5,726	$8,353

Source: Ownwell