Turner, Maine Property Taxes
The median property tax rate in Turner, ME is 1.26%, which is considerably higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With a median home value of $89,000 in Turner, the typical annual property tax bill reaches $1,117, falling below the national median of $2,690. Property taxes in Turner are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Turner’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Turner or another part of Androscoggin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Turner, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$1,121
Ownwell’s Turner Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Turner. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Turner to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, allowing you to plan your finances more effectively. For those interested in more granular details, you can scroll down to explore trends and insights at the neighborhood level. Your property's assessed value, determined by the county, is crucial for these calculations and takes into account any applicable exemptions.
Property Tax Rates Across Turner, Maine
Property taxes in Turner, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Turner is 1.26%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Turner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Turner estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Turner's effective property tax rate to other counties in Maine and the national median. For comparison, the 04282 ZIP code has the highest median property tax rate of 1.26%, while the same ZIP code also has the lowest median tax rate of 1.26%. Understanding how these areas compare with Turner provides valuable insights into the varying tax landscape across Androscoggin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Turner Tax Rate
1.26%
Average Androscoggin County Tax Rate
2.28%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Turner, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04282 | 1.25% | 1.25% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Turner, Maine
In Turner, Maine, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Androscoggin County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Turner, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Turner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Turner has a median home price of $89,000, with the highest and lowest median tax bills both at $1,117 in zip code 04282.
Average Turner Assessed Value
$89,000
Average Androscoggin County Assessed Value
$134,490
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Turner, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04282 | $19,080 | $49,900 | $89,000 | $128,400 | $181,120 |
Source: Ownwell
Property Tax Bills Across Turner, Maine
In Turner, located in Androscoggin County, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Turner is $89,000. Property tax rates in this region are influenced by various factors, including local government budgets, school funding, and public services. Homeowners in Turner can expect tax bills that vary significantly. For instance, tax bills at the 25th percentile are around $626, while those at the 75th percentile reach $1,612. The 90th percentile tax bill can go up to $2,273. These tax amounts reflect the assessed value of the property and the corresponding tax rate applied by local authorities. Compared to the national median property tax rate of 0.99%, Turner's property tax rates result in a range of tax bills that can impact homeowners differently based on their property's assessed value. Homeowners should consider these factors when budgeting for annual expenses, as property taxes can significantly influence overall financial planning.
Average Turner Tax Bill
$1,117
Average Androscoggin County Tax Bill
$3,060
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Turner, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04282 | $239 | $626 | $1,117 | $1,612 | $2,273 |
Source: Ownwell