Standish, Maine Property Taxes
The median property tax rate in Standish, ME is 1.45%, which is considerably higher than the national median of 0.99% but slightly lower than the Maine state median of 1.57%. With a median home value of $223,800 in Standish, the typical annual property tax bill reaches $3,234, surpassing the national median of $2,690. Property taxes in Standish are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Standish'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 Standish 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
Standish, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$3,245
Ownwell’s Standish Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Standish. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Standish to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed insights, you can explore neighborhood-level trends by scrolling down. The assessed value of your property is determined by the county and includes any applicable exemptions, ensuring you get a precise estimate for your tax calculations.
Property Tax Rates Across Standish, Maine
Property taxes in Standish, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Standish is 1.45%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Standish set these rates annually, and they can vary significantly across different neighborhoods. Each year, Standish 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 Standish's effective property tax rate to other areas in Maine and the national median. For comparison, the zip code 04084 has both the highest and lowest median property tax rate of 1.45%. Understanding how these areas compare with Standish 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 Standish Tax Rate
1.45%
Average Cumberland County Tax Rate
1.52%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Standish, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04084 | 1.44% | 1.44% | 1.45% | 1.45% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Standish, Maine
In Standish, 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 Standish, 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 Standish helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 04084 has the highest median tax bill at $3,234, while the lowest median tax bill is also $3,234, reflecting a uniform tax burden across the area.
Average Standish Assessed Value
$223,800
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 Standish, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04084 | $80,600 | $170,500 | $223,800 | $304,800 | $422,800 |
Source: Ownwell
Property Tax Bills Across Standish, Maine
In Standish, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $223,800 in Standish, property taxes can vary significantly. Homeowners in the 25th percentile pay around $2,464 annually, while those in the 75th percentile face a tax bill of approximately $4,404. At the 90th percentile, the tax bill can reach as high as $6,109. Several factors influence these variations, including property size, location, and improvements. The property tax rate in Standish is higher than the national median rate of 0.99%, impacting homeowners' financial responsibilities. These taxes fund essential local services such as schools, public safety, and infrastructure, directly affecting the community's quality of life. Consequently, understanding how property taxes are calculated helps homeowners manage their expenses and plan for future financial obligations.
Average Standish Tax Bill
$3,234
Average Cumberland County Tax Bill
$4,856
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Standish, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04084 | $1,165 | $2,464 | $3,234 | $4,404 | $6,109 |
Source: Ownwell