Bucksport, Hancock County, Maine Property Taxes

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

Median Bucksport, ME effective property tax rate: 1.69%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Bucksport, ME home value: $128,040
Median annual Bucksport, ME tax bill: $2,152, $248 lower than the national median property tax bill of $2,400.

How are property taxes in Hancock calculated?

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

Last Updated March 1, 2025

Bucksport, Hancock County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.69%

Estimate Property Tax Bill

$2,164

$2,008

Ownwell’s Bucksport Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bucksport with just two data points. By entering your property's estimated assessed value, our calculator applies Bucksport’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 Bucksport, Hancock County, Maine

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties calculate their required budget to provide essential services, dividing that figure by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Bucksport, located in Hancock County, Maine, the effective property tax rate is 1.69%. This rate is notably higher than the national median property tax rate of 1.02%. Bucksport's rate is also the highest within its ZIP code, 04416, as well as the lowest, indicating uniformity in the area. Compared to the national median property tax bill of $2,400, residents in Bucksport may experience higher property tax bills due to the elevated rate.

Understanding these rates can help property owners make informed decisions about their investments and potential tax liabilities. Whether you're considering an appeal or seeking exemptions, being aware of how Bucksport's property tax rate compares to others in Maine and nationwide is crucial for effective property tax management.

Property Tax Rates Across Bucksport, 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 Bucksport Tax Rate

1.69%

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 Bucksport, Hancock County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04416	1.69%	1.69%	1.69%	1.70%	1.70%

Source: Ownwell

Property Tax Assessment Values Across Bucksport, Hancock County, Maine

When examining property taxes in Bucksport, 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 May. 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 Bucksport. For example, the median home price in Bucksport is $128,040, with tax bills ranging significantly across the county. 04416 has the highest median home price at $128,040.

Property Tax Assessment Values Across Bucksport, Hancock County, Maine

Source: Ownwell

$67,000

$311,200

$555,400

Median Bucksport Market Value

$128,040

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 Bucksport, Hancock County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04416	$65,125	$95,400	$128,040	$166,785	$206,340

Source: Ownwell

Property Tax Bills Across Bucksport, Hancock County, Maine

In Bucksport, located in Hancock County, ME, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in Bucksport is $128,040, which influences the property tax bill homeowners receive. Factors such as property size, location, and improvements can affect the assessed value, leading to variations in tax bills. For instance, the tax bill at the 25th percentile is $1,593, while it rises to $2,786 at the 75th percentile, and $3,459 at the 90th percentile. The median property tax bill in Bucksport, at $2,152, is below the national median of $2,400, reflecting the area's relatively moderate tax burden. However, homeowners can still benefit from potential savings. Ownwell offers services to help homeowners appeal their property tax assessments, potentially lowering their bills. By reviewing property assessments and identifying discrepancies, Ownwell can assist homeowners in securing exemptions or reductions, ultimately reducing their financial burden and ensuring fair taxation.

Property Tax Bills Across Bucksport, Hancock County, Maine

Source: Ownwell

$317

$2,580

$4,843

Median Bucksport Tax Bill

$2,152

Median Hancock County Tax Bill

$2,609

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Bucksport, Hancock County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04416	$1,103	$1,593	$2,152	$2,786	$3,459

Source: Ownwell