Brunswick, Maine Property Taxes
The median property tax rate in Brunswick, ME is 2.33%, significantly higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Brunswick at $218,600, the typical annual property tax bill reaches $5,107, surpassing the national median of $2,690. Property taxes in Brunswick 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 Brunswick'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 Brunswick 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
Brunswick, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.33%
Estimate Property Tax Bill
$5,093
Ownwell’s Brunswick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brunswick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brunswick 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 Brunswick, Maine
Property taxes in Brunswick, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brunswick is 2.33%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Brunswick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brunswick 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 Brunswick's effective property tax rate to other counties in Maine and the national median. For comparison, the 04011 zip code has the highest median property tax rate of 2.33%, while the same zip code also has the lowest median tax rate of 2.33%. Understanding how these cities compare with Brunswick provides valuable insights into the varying tax landscape across Cumberland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brunswick Tax Rate
2.33%
Average Cumberland County Tax Rate
1.52%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brunswick, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04011 | 2.33% | 2.33% | 2.33% | 2.33% | 2.33% |
Source: Ownwell
Property Tax Assessment Values Across Brunswick, Maine
In Brunswick, 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 Cumberland 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 Brunswick, 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. Interestingly, Brunswick has the same median tax bill of $5,107 in the 04011 zip code, regardless of the highest or lowest tax bill distinctions. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brunswick Assessed Value
$218,600
Average Cumberland County Assessed Value
$319,900
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brunswick, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04011 | $32,980 | $155,950 | $218,600 | $303,150 | $411,900 |
Source: Ownwell
Property Tax Bills Across Brunswick, Maine
In Brunswick, 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 town's assessor and reflects the market value of the property. For instance, the median home price in Brunswick is $218,600. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Brunswick can expect their property tax bills to vary significantly. At the 25th percentile, the annual tax bill is approximately $3,658, while at the 75th percentile, it rises to around $7,068. The top 10% of homeowners pay up to $9,601 annually. These property taxes fund essential public services such as schools, roads, and emergency services, directly impacting the quality of life in the community. Comparing these figures to the national median property tax rate of 0.99%, Brunswick's property taxes reflect the town's commitment to maintaining and improving local infrastructure and services.
Average Brunswick Tax Bill
$5,107
Average Cumberland County Tax Bill
$4,856
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Brunswick, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04011 | $801 | $3,658 | $5,107 | $7,068 | $9,601 |
Source: Ownwell