Winterville Plt, Maine Property Taxes
The median property tax rate in Winterville Plt, ME is 1.19%, slightly higher than the national median of 0.99% but below the Maine state median of 1.57%. With a median home value of $122,000 in Winterville Plt, the typical annual property tax bill amounts to $1,452, which is lower than the national median of $2,690. Property taxes in Winterville Plt are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Winterville Plt'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 Winterville Plt or another part of Aroostook County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winterville Plt, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,452
Ownwell’s Winterville Plt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winterville Plt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winterville Plt 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 Winterville Plt, Maine
Property taxes in Winterville Plt, Maine, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Winterville Plt is 1.19%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Winterville Plt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winterville Plt 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 Winterville Plt's effective property tax rate to other areas in Maine and the national median. For comparison, the 04739 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these areas compare with Winterville Plt 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 Winterville Plt Tax Rate
1.19%
Average Aroostook County Tax Rate
2.26%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winterville Plt, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04739 | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Winterville Plt, Maine
In Winterville Plt, 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 Winterville Plt, 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. The median home price in Winterville Plt is $122,000, with tax bills at the 25th percentile being $1,059 and at the 75th percentile being $1,809. The zip code 04739 has both the highest and lowest median tax bill at $1,452. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Winterville Plt Assessed Value
$122,000
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 Winterville Plt, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04739 | $69,500 | $89,000 | $122,000 | $152,000 | $197,300 |
Source: Ownwell
Property Tax Bills Across Winterville Plt, Maine
In Winterville Plt, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Aroostook County. The assessed value is a percentage of the market value, which is determined by the county assessor. Homeowners in Winterville Plt typically see tax bills that vary significantly depending on their property's assessed value. For instance, the 25th percentile tax bill stands at $1,059, while the 75th percentile reaches $1,809, and the 90th percentile goes up to $2,348. These tax bills are influenced by various factors, including the property's size, location, and condition. With a median home price of $122,000, the property tax rate in Winterville Plt is relatively high compared to the national median property tax rate of 0.99%. This higher tax rate can place a significant financial burden on homeowners, impacting their overall cost of living and potentially affecting property values in the area.
Average Winterville Plt Tax Bill
$1,452
Average Aroostook County Tax Bill
$1,771
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Winterville Plt, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04739 | $827 | $1,059 | $1,452 | $1,809 | $2,348 |
Source: Ownwell