Saint George, Maine Property Taxes
The median property tax rate in Saint George, ME is 1.01%, slightly higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With a median home value of $229,700 in Saint George, the typical annual property tax bill amounts to $2,320, which is below the national median of $2,690. Property taxes in Saint George are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Saint George'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 Saint George 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
Saint George, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$2,320
Ownwell’s Saint George Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint George with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint George 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 Saint George, Maine
Property taxes in Saint George, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint George is 1.01%, higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Saint George set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint George 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 Saint George's effective property tax rate to other counties in Maine and the national median. For comparison, the 04860 zip code has the highest median property tax rate of 1.01%, while the 04860 zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Saint George provides valuable insights into the varying tax landscape across Knox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint George Tax Rate
1.01%
Average Knox County Tax Rate
1.55%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint George, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04860 | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Saint George, Maine
In Saint George, 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 Knox 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 Saint George, 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. For instance, the median home price in Saint George is $229,700. The tax bills can range significantly, with the 25th percentile at $1,737 and the 90th percentile reaching up to $6,972. The zip code with the highest and lowest median tax bills is 04860, both at $2,320. 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 Saint George helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint George Assessed Value
$229,700
Average Knox County Assessed Value
$198,500
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint George, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04860 | $131,500 | $172,000 | $229,700 | $407,350 | $690,260 |
Source: Ownwell
Property Tax Bills Across Saint George, Maine
In Saint George, located in Knox County, ME, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $229,700. Local tax authorities determine the assessed value, which is then multiplied by the local property tax rate to calculate the annual tax bill. Factors such as home improvements, market trends, and neighborhood changes can influence the assessed value. Homeowners in Saint George can expect a wide range of tax bills. The 25th percentile tax bill is around $1,737, while the 75th percentile reaches $4,114. At the 90th percentile, the tax bill can soar to $6,972. The highest median tax bill recorded in the area is $2,320, which is significantly higher than the national median property tax rate of 0.99%. These property taxes fund essential local services, including schools, public safety, and infrastructure, directly impacting the quality of life in Saint George. Homeowners should stay informed about their property assessments and tax rates to manage their financial planning effectively.
Average Saint George Tax Bill
$2,320
Average Knox County Tax Bill
$3,340
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint George, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04860 | $1,328 | $1,737 | $2,320 | $4,114 | $6,972 |
Source: Ownwell