Ellsworth, Hancock County, Maine Property Taxes
Median Ellsworth, ME effective property tax rate: 1.57%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Ellsworth, ME home value: $204,240
Median annual Ellsworth, ME tax bill: $3178, $778 higher than the national median property tax bill of $2,400.
How are property taxes in Hancock calculated?
Property taxes in Ellsworth, 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 Ellsworth’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ellsworth, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ellsworth, Hancock County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.57%
Estimate Property Tax Bill
$3,207
$2,976
Ownwell’s Ellsworth Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ellsworth with just two data points.
By entering your property's estimated assessed value, our calculator applies Ellsworth’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 Ellsworth, Hancock County, Maine
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Ellsworth’s effective property tax rate to other cities in Maine and the median property tax rates in Maine and the U.S. Ellsworth, located in Hancock County, has a median property tax rate of 1.57%, which is significantly higher than the national median of 1.02%. This places Ellsworth among the higher taxed areas in the country. Despite being the highest and lowest in its specific zip code, the tax rate is consistent across the city. This means residents of Ellsworth face property tax bills that are notably higher than the national median of $2400, impacting the cost of living and homeownership affordability in the area.
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 Ellsworth Tax Rate
1.57%
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 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 Ellsworth, Hancock County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04605 | 1.57% | 1.57% | 1.57% | 1.57% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Ellsworth, Hancock County, Maine
When examining property taxes in Ellsworth, 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.
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 Ellsworth. For example, the median home price in Ellsworth is $204,240, with tax bills ranging significantly across the county. Zip code 04605 has the highest median home price at $204,240.
Property Tax Assessment Values Across Ellsworth, Hancock County, Maine
Source: Ownwell
$67,000
$311,200
$555,400
Median Ellsworth Market Value
$204,240
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 Ellsworth, Hancock County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04605 | $69,840 | $140,520 | $204,240 | $283,000 | $386,936 |
Source: Ownwell
Property Tax Bills Across Ellsworth, Hancock County, Maine
Median Ellsworth Tax Bill
$3,178
Median Hancock County Tax Bill
$2,609
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Ellsworth, Hancock County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04605 | $1,031 | $2,188 | $3,178 | $4,410 | $6,009 |
Source: Ownwell