South Gardiner, Maine Property Taxes
The median property tax rate in South Gardiner, ME is 2.37%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in South Gardiner at $106,700, the typical annual property tax bill reaches $2,528, which is just below the national median of $2,690. Property taxes in South Gardiner 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 South Gardiner'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 South Gardiner 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
South Gardiner, 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 South Gardiner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Gardiner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Gardiner 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 South Gardiner, Maine
Property taxes in South Gardiner, Maine, are crucial for funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in South Gardiner is 1.72%, which is significantly higher than both the Maine state median of 1.09% and the U.S. national median of 0.99%. Local government entities within South Gardiner set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Gardiner 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 South Gardiner's effective property tax rate to other counties in Maine and the national median. For comparison, the 04359 zip code has the same median property tax rate of 1.72%, highlighting a consistent tax landscape within the area. Understanding how these cities compare with South Gardiner provides valuable insights into the varying tax landscape across Kennebec County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Gardiner Tax Rate
2.37%
Average Kennebec County Tax Rate
1.72%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Gardiner, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04359 | 2.37% | 2.37% | 2.37% | 2.37% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across South Gardiner, Maine
In South Gardiner, 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 Kennebec 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 South Gardiner, 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 South Gardiner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 04359, both at $2528.
Average South Gardiner Assessed Value
$106,700
Average Kennebec County Assessed Value
$154,165
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Gardiner, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04359 | $96,010 | $104,650 | $106,700 | $117,000 | $128,330 |
Source: Ownwell
Property Tax Bills Across South Gardiner, Maine
In South Gardiner, located in Kennebec 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 evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in South Gardiner, the median home price is $106,700. The property tax rate in this region results in a significant annual tax burden, with the 25th percentile tax bill at $2,480 and the 75th percentile reaching $2,773. For those at the 90th percentile, the tax bill can go up to $3,042. This is considerably higher than the national median property tax rate of 0.99%, impacting homeowners by increasing their annual expenses. Understanding these factors can help homeowners in South Gardiner better anticipate their property tax liabilities and plan their finances accordingly.
Average South Gardiner Tax Bill
$2,528
Average Kennebec County Tax Bill
$2,685
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across South Gardiner, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04359 | $2,276 | $2,480 | $2,528 | $2,773 | $3,042 |
Source: Ownwell