How much are property taxes in Wells, ME?

Homeowners in Wells, ME pay a median of $3,215 (±$218) a year in real estate taxes (2020–2024 American Community Survey, table B25103).

Homes with a mortgage pay a median of $3,252.

Homes without a mortgage pay a median of $3,140.

That is about 0.7% of the median home value of $485,300.

In Wells, the median real estate tax went from $2,474 in 2015–2019 to $3,215 in 2020–2024 (+30.0%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median real estate taxes
$3,215 (±$218)
With a mortgage
$3,252
Without a mortgage
$3,140
Share of median value
0.7%

Real estate taxes in Wells against York County, its state and the nation

Median real estate taxes paid a year, estimate (90% margin of error)
WellsYork CountyMaineUnited States
Median real estate taxes$3,215 (±$218)$3,787 (±$67)$3,036 (±$26)$3,119
Homes with a mortgage$3,252 (±$233)$3,846 (±$79)$3,243 (±$34)$3,489
Homes without a mortgage$3,140 (±$403)$3,664 (±$124)$2,748 (±$38)$2,576
Median home value$485,300 (±$22,942)$395,700 (±$6,526)$296,600 (±$2,876)$332,700

In Wells, the median real estate tax is lower than in York County ($3,787).

It is not measurably different from Maine ($3,036).

It is not measurably different from the national figure ($3,119).

In York County, Wells ranks 18 of 29 places with a published estimate, from highest to lowest median real estate taxes.

Statewide, it ranks 87 of 476.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Taxes as a share of home value in Wells

The median tax ($3,215) is 0.7% of the median home value ($485,300).

Across York County the same ratio is 1.0%.

Across Maine it is 1.0%.

This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.

Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.

How property taxes in Wells have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median real estate taxes$2,474 (±$120)$3,215 (±$218)+30.0%No measurable change after inflation
Median home value$287,800 (±$14,047)$485,300 (±$22,942)+68.6%Up after inflation
Median owner cost with a mortgage$1,566 (±$160)$1,933 (±$135)+23.4%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median real estate taxes in places near Wells

Nearest places with a published estimate, compared with Wells
PlaceDistanceMedian real estate taxesCompared with this place
Wells—$3,215 (±$218)—
North Berwick (community)5.1 mi$3,164 (±$895)Not measurably different
Ogunquit6.0 mi$4,473 (±$618)Higher
Kennebunk6.2 mi$4,999 (±$465)Higher
Kennebunk (community)6.7 mi$4,771 (±$672)Higher
West Kennebunk7.6 mi$4,080 (±$1,779)Not measurably different
North Berwick7.9 mi$3,735 (±$311)Higher
South Berwick8.2 mi$4,956 (±$302)Higher
Kennebunkport (community)9.4 mi$4,255 (±$1,490)Not measurably different

Nearby places with a measurably higher figure: Ogunquit, ME ($4,473), Kennebunk, ME ($4,999), Kennebunk (community), ME ($4,771).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median real estate taxes across York County, place by place

RankPlaceMedian real estate taxes
12Arundel$3,763 (±$362)
13North Berwick$3,735 (±$311)
14Sanford$3,708 (±$149)
15Alfred$3,543 (±$267)
16Old Orchard Beach$3,426 (±$491)
17Buxton$3,422 (±$197)
18Wells$3,215 (±$218)
19Limington$2,852 (±$223)
20Lebanon$2,784 (±$269)
21Waterboro$2,772 (±$178)
22Lyman$2,717 (±$266)
23Acton$2,680 (±$290)
24Hollis$2,625 (±$209)

Showing 13 of 29 places in York County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Wells

How much are property taxes in Wells?

The median real estate tax paid by homeowners in Wells, ME is $3,215 (±$218) a year (2020–2024 American Community Survey).

What is the property tax rate in Wells?

The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 0.7% of the median home value in Wells, and the actual rate is set by the town, county and school district.

Have property taxes in Wells gone up?

In Wells, the median real estate tax went from $2,474 in 2015–2019 to $3,215 in 2020–2024 (+30.0%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Are property taxes in Wells higher than in York County?

In Wells, the median real estate tax is lower than in York County ($3,787).

It is not measurably different from Maine ($3,036).

It is not measurably different from the national figure ($3,119).

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Wells town, York County, Maine (county subdivision:81475, in state:23 county:031).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.

The API needs a free key.

Request a Census API key.

B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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