Crystal, Maine Property Taxes
The median property tax rate in Crystal, ME is 1.93%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Crystal at $59,046, the typical annual property tax bill reaches $1,137, exceeding the national median of $2,690. Property taxes in Crystal are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crystal'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 Crystal or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crystal, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$1,140
Ownwell’s Crystal Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crystal with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crystal to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Crystal, Maine
Property taxes in Crystal, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crystal is 1.93%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Crystal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crystal 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 Crystal's effective property tax rate to other counties in Maine and the national median. For comparison, the 04747 zip code has the highest median property tax rate of 1.93%, while the same zip code also has the lowest median tax rate of 1.93%. Understanding how these cities compare with Crystal provides valuable insights into the varying tax landscape across Aroostook County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crystal Tax Rate
1.93%
Average Aroostook County Tax Rate
2.26%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crystal, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04747 | 1.92% | 1.92% | 1.93% | 1.93% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Crystal, Maine
In Crystal, 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 local 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 Crystal, 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. For instance, Crystal's median home price is $59,046, with tax bills ranging from $786 at the 25th percentile to $1,931 at the 90th percentile. The zip code 04747 has the highest median tax bill of $1,137. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Crystal Assessed Value
$59,046
Average Aroostook County Assessed Value
$86,999
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crystal, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04747 | $28,821 | $40,810 | $59,046 | $79,509 | $100,298 |
Source: Ownwell
Property Tax Bills Across Crystal, Maine
In Crystal, located in Aroostook 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 Crystal is $59,046, which serves as a basis for determining the tax bill. The local property tax rate is applied to this assessed value to calculate the annual tax obligation. Factors such as property size, location, and condition can influence the assessed value, thereby affecting the tax bill. For homeowners in Crystal, the property tax bill can vary significantly. The 25th percentile tax bill is $786, while the 75th percentile tax bill is $1,530, indicating a range of tax burdens depending on the property's assessed value. At the 90th percentile, the tax bill can reach up to $1,931. Comparatively, the national median property tax rate is 0.99%, making Crystal's property taxes relatively moderate. Homeowners should be aware of these factors as they directly impact annual financial planning and overall property costs.
Average Crystal Tax Bill
$1,137
Average Aroostook County Tax Bill
$1,771
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Crystal, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04747 | $555 | $786 | $1,137 | $1,530 | $1,931 |
Source: Ownwell