Spruce Head, Knox County, Maine Property Taxes

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

Median Spruce Head, ME effective property tax rate: 1.01%, slightly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Spruce Head, ME home value: $253,200
Median annual Spruce Head, ME tax bill: $2,612, $212 higher than the national median property tax bill of $2,400.

How are property taxes in Knox County calculated?

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

Last Updated March 1, 2025

Spruce Head, Knox County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.01%

Estimate Property Tax Bill

$2,557

$2,373

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

Property Tax Rates Across Spruce Head, Knox County, Maine

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because 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 Spruce Head’s effective property tax rate to other cities in Maine and the median property tax rates in Maine and the U.S. Spruce Head, located in Knox County, reflects Maine's median property tax rate of 1.01%, which is slightly below the national median of 1.02%. This demonstrates a balanced approach to property taxation in the area. For homeowners in Spruce Head, the property tax burden can be seen as relatively moderate when compared to the national landscape. Understanding these rates helps property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Spruce Head, Knox County, Maine

Source: Ownwell

1.01%

1.72%

2.43%

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 Spruce Head Tax Rate

1.01%

Median Effective Knox County Tax Rate

1.55%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Spruce Head, Knox County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04859	1.01%	1.01%	1.01%	1.01%	1.01%

Source: Ownwell

Property Tax Assessment Values Across Spruce Head, Knox County, Maine

When examining property taxes in Spruce Head, 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 Knox 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 Knox 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 Spruce Head.

For example, the median home price in Spruce Head is $253,200, with tax bills ranging significantly across the county. Zip code 04859 has the highest median home price at $253,200.

Property Tax Assessment Values Across Spruce Head, Knox County, Maine

Source: Ownwell

$159,200

$280,900

$402,600

Median Spruce Head Market Value

$253,200

Median Knox County Market Value

$198,500

Median Maine Market Value

$204,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Spruce Head, Knox County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04859	$118,560	$161,900	$253,200	$425,000	$713,460

Source: Ownwell

Property Tax Bills Across Spruce Head, Knox County, Maine

In Spruce Head, ME, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The tax rate is applied to this assessed value, resulting in the annual property tax bill. In Knox County, the median home price stands at $253,200. Homeowners in Spruce Head face a median property tax bill of $2,612, which is slightly above the national median of $2,400. This suggests that residents in this area pay a bit more than the average American homeowner. Factors influencing the tax bill include the property's assessed value and the local tax rate, which can vary annually. High property taxes can be burdensome, but Ownwell offers a solution. By providing expert property tax appeal services, Ownwell helps homeowners potentially lower their tax bills. Through careful analysis and negotiation, Ownwell works to ensure that property assessments are fair, helping homeowners save money and reduce their financial burden.

Property Tax Bills Across Spruce Head, Knox County, Maine

Source: Ownwell

$2,132

$3,725

$5,317

Median Spruce Head Tax Bill

$2,612

Median Knox County Tax Bill

$3,340

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Spruce Head, Knox County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04859	$1,198	$1,635	$2,612	$4,477	$7,367

Source: Ownwell