Etna, Maine Property Taxes
The median property tax rate in Etna, ME is 1.57%, aligning with the state median but significantly higher than the national median of 0.99%. With the median home value in Etna at $124,115, the typical annual property tax bill reaches $1,960, which is below the national median of $2,690. Property taxes in Etna are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Etna'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 Etna or another part of Penobscot County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Etna, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$1,949
Ownwell’s Etna Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Etna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Etna to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Etna, Maine
Property taxes in Etna, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Etna is 1.57%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Etna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Etna 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 Etna's effective property tax rate to other counties in Maine and the national median. For comparison, the 04434 zip code has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these cities compare with Etna provides valuable insights into the varying tax landscape across Penobscot County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Etna Tax Rate
1.57%
Average Penobscot County Tax Rate
1.92%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Etna, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04434 | 1.57% | 1.57% | 1.57% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Etna, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Etna, Maine. 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 Penobscot 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 Etna, 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. The median home price in Etna is $124,115, with tax bills ranging from $1,181 at the 25th percentile to $3,340 at the 90th percentile. Notably, the highest and lowest median tax bills are both $1,960, occurring in the 04434 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Etna Assessed Value
$124,115
Average Penobscot County Assessed Value
$141,580
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Etna, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04434 | $46,240 | $74,968 | $124,115 | $169,065 | $212,040 |
Source: Ownwell
Property Tax Bills Across Etna, Maine
In Etna, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the property tax rate set by the county. For homeowners in Etna, the median home price is $124,115. Property tax bills can vary significantly, with the 25th percentile at $1,181 and the 75th percentile reaching $2,662. The top 10% of property tax bills go as high as $3,340. Several factors influence the final tax bill, including property improvements, market conditions, and local budgetary needs. Compared to the national median property tax rate of 0.99%, Etna's property tax rates reflect the unique economic and administrative factors of Penobscot County. Homeowners in Etna must account for these property taxes as a recurring expense, impacting their overall cost of homeownership and financial planning. Understanding these factors can help homeowners anticipate and manage their property tax obligations more effectively.
Average Etna Tax Bill
$1,960
Average Penobscot County Tax Bill
$2,548
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Etna, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04434 | $728 | $1,181 | $1,960 | $2,662 | $3,340 |
Source: Ownwell