Cape Neddick, York County, Maine Property Taxes

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

Median Cape Neddick, ME effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Cape Neddick, ME home value: $531,900
Median annual Cape Neddick, ME tax bill: $4,548, $2,148 higher than the national median property tax bill of $2,400.

How are property taxes in York County calculated?

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

Last Updated March 1, 2025

Cape Neddick, York County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$4,521

$4,196

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

Property Tax Rates Across Cape Neddick, York 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 Cape Neddick’s effective property tax rate to other cities in Maine and the median property tax rates in Maine and the U.S. Cape Neddick, located in York County, boasts a median property tax rate of 0.85%, which is notably lower than the national median of 1.02%. This makes Cape Neddick an attractive location for homeowners looking to save on property taxes. The uniformity of the tax rate in this area, with both the highest and lowest rates at 0.85%, provides a consistent and predictable tax environment for property owners. With property tax bills being a significant expense for homeowners, Cape Neddick offers a more affordable option compared to many other regions in the country.

Property Tax Rates Across Cape Neddick, York County, Maine

Source: Ownwell

0.60%

1.21%

1.83%

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 Cape Neddick Tax Rate

0.85%

Median Effective York County Tax Rate

1.32%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cape Neddick, York County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
03902	0.85%	0.85%	0.85%	0.86%	0.86%

Source: Ownwell

Property Tax Assessment Values Across Cape Neddick, York County, Maine

When examining property taxes in Cape Neddick, 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 York 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 York 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 Cape Neddick. For example, the median home price in Cape Neddick is $531,900, with tax bills ranging significantly across the county. 03902 has the highest median home price at $531,900.

Property Tax Assessment Values Across Cape Neddick, York County, Maine

Source: Ownwell

$155,269

$527,635

$900,000

Median Cape Neddick Market Value

$531,900

Median York County Market Value

$307,400

Median Maine Market Value

$204,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cape Neddick, York County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
03902	$287,100	$379,000	$531,900	$818,500	$1,526,720

Source: Ownwell

Property Tax Bills Across Cape Neddick, York County, Maine

In Cape Neddick, ME, property tax bills are determined by assessing the property's market value and applying the local tax rate. York County's property tax bills often exceed the national median, with the median tax bill reaching $4,548, significantly higher than the national median of $2,400. Factors influencing these bills include property location, size, and market conditions. Homeowners in Cape Neddick face a considerable financial burden, especially those at the 75th percentile with tax bills around $6,963, and even more so at the 90th percentile, where bills can soar to $13,053.

This hefty tax burden underscores the importance of ensuring accurate property assessments. Ownwell assists homeowners by providing expert property tax appeal services, ensuring that assessments reflect true market values. By identifying discrepancies and advocating for fair evaluations, Ownwell can help reduce property tax bills, offering significant savings. This service is crucial in a region where property tax bills are notably high, providing homeowners with much-needed financial relief.

Property Tax Bills Across Cape Neddick, York County, Maine

Source: Ownwell

$1,646

$8,208

$14,769

Median Cape Neddick Tax Bill

$4,548

Median York County Tax Bill

$3,841

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Cape Neddick, York County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
03902	$2,455	$3,240	$4,548	$6,963	$13,053

Source: Ownwell