Mapleton, Maine Property Taxes
The median property tax rate in Mapleton, ME is 1.62%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Mapleton, the typical annual property tax bill reaches $1,888, exceeding the national median of $2,690. Property taxes in Mapleton 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 Mapleton'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 Mapleton 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
Mapleton, Maine Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$3,140
Ownwell’s Mapleton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mapleton using just two data points. By inputting your property's estimated assessed value, the calculator utilizes the median tax rate in Mapleton to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more detailed insights, localized neighborhood trends are available below. Your property’s assessed value, determined by Aroostook County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Mapleton, Maine
Property taxes in Mapleton, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mapleton is 1.62%, significantly higher than both the Maine state median of 1.09% and the U.S. national median of 0.99%. Local government entities within Mapleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mapleton 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 Mapleton's effective property tax rate to other counties in Maine and the national median. For comparison, the 04757 zip code has the highest median property tax rate of 1.62%, while the 04757 zip code also has the lowest median tax rate of 1.62%. Understanding how these cities compare with Mapleton 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 Mapleton Tax Rate
1.62%
Average Aroostook County Tax Rate
2.26%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mapleton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04757 | 1.61% | 1.61% | 1.62% | 1.62% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Mapleton, Maine
In Mapleton, 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 Aroostook 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 Mapleton, 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 Mapleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Mapleton are both $1888, found in the 04757 zip code. The 25th percentile tax bill is $1289, while the 75th percentile tax bill is $2702, with the 90th percentile reaching $3668.
Average Mapleton Assessed Value
$116,600
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 Mapleton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04757 | $52,200 | $79,600 | $116,600 | $166,700 | $227,500 |
Source: Ownwell
Property Tax Bills Across Mapleton, Maine
In Mapleton, located in Aroostook County, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office, which estimates the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $116,600, homeowners can expect varying tax bills depending on their specific property assessments and any applicable exemptions. Homeowners in Mapleton experience a range of tax bills, with the 25th percentile paying around $1,289 and the 75th percentile paying approximately $2,702. Those in the 90th percentile might see tax bills as high as $3,668. The median property tax rate in Mapleton is notably higher than the national median rate of 0.99%, reflecting the local government's funding needs for services such as schools, infrastructure, and emergency services. This higher tax rate can impact homeowners' budgets, making it essential for them to understand how their tax bills are calculated.
Average Mapleton Tax Bill
$1,888
Average Aroostook County Tax Bill
$1,771
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Mapleton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04757 | $843 | $1,289 | $1,888 | $2,702 | $3,668 |
Source: Ownwell