Saco, York County, Maine Property Taxes
Median Saco, ME effective property tax rate: 1.83%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Saco, ME home value: $273,300
Median annual Saco, ME tax bill: $5,010, $2,610 higher than the national median property tax bill of $2,400.
How are property taxes in York calculated?
Property taxes in Saco, 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 Saco’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Saco, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Saco, York County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.83%
Estimate Property Tax Bill
$5,001
$4,641
Property Tax Rates Across Saco, York County, Maine
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation arises because each county annually calculates its budgetary needs for services and divides this amount by the total value of all taxable properties in its area, resulting in the property tax rate. Though votes and laws play a role in determining these rates and budgets, this is essentially how the process unfolds each year.
In Saco, located in York County, the effective property tax rate stands out when compared to other cities in Maine. The median property tax rate in Saco is 1.83%, which is notably higher than the national median property tax rate of 1.02%. This means that homeowners in Saco may find themselves paying more in property taxes compared to the national average. However, it's important to consider the local services and benefits that these taxes support. By understanding these factors, homeowners can better appreciate the value of their property taxes and make informed decisions about their investments.
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 Saco Tax Rate
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 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 Saco, York County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04072 | 1.83% | 1.83% | 1.83% | 1.83% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Saco, York County, Maine
When examining property taxes in Saco, 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.
In York County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Saco. For example, the median home price in Saco is $273,300, with tax bills ranging significantly across the county. Zip code 04072 has the highest median home price at $273,300.
Property Tax Assessment Values Across Saco, York County, Maine
Source: Ownwell
$155,269
$527,635
$900,000
Median Saco Market Value
$273,300
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 Saco, York County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04072 | $151,300 | $206,300 | $273,300 | $360,900 | $459,340 |
Source: Ownwell
Property Tax Bills Across Saco, York County, Maine
Median Saco Tax Bill
$5,010
Median York County Tax Bill
$3,841
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Saco, York County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04072 | $2,776 | $3,781 | $5,010 | $6,615 | $8,420 |
Source: Ownwell