Soldiertown Twp, Maine Property Taxes
The median property tax rate in Soldiertown Twp, ME is 0.83%, which is lower than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Soldiertown Twp at $58,960, the typical annual property tax bill amounts to $487, significantly below the national median of $2,690. Property taxes in Soldiertown Twp 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 Soldiertown Twp'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 Soldiertown Twp 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
Soldiertown Twp, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$489
Ownwell’s Soldiertown Twp Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Soldiertown Twp with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Soldiertown Twp 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 Soldiertown Twp, Maine
Property taxes in Soldiertown Township, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Soldiertown Township is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Soldiertown Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Soldiertown Township 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 Soldiertown Township's effective property tax rate to other counties in Maine and the national median. For comparison, the zip code 04460 has both the highest and lowest median property tax rate of 0.83%. Understanding how these areas compare with Soldiertown Township 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 Soldiertown Twp Tax Rate
0.83%
Average Penobscot County Tax Rate
1.92%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Soldiertown Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04460 | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Soldiertown Twp, Maine
In Soldiertown Twp, 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 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 Soldiertown Twp, 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 Soldiertown Twp helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $487 in the 04460 zip code, which is also the lowest median tax bill.
Average Soldiertown Twp Assessed Value
$58,960
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 Soldiertown Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04460 | $38,000 | $45,860 | $58,960 | $72,060 | $79,920 |
Source: Ownwell
Property Tax Bills Across Soldiertown Twp, Maine
Property tax bills in Soldiertown Township, located in Penobscot County, ME, are calculated based on the assessed value of a property. The local tax assessor determines this value, which is then multiplied by the local tax rate to produce the annual tax bill. Various factors influence the assessed value, including the property's market value, improvements made, and comparable property sales in the area. For homeowners in Soldiertown Township, the median home price stands at $58,960, and the median property tax rate in the area is 0.99%, aligning with the national median. Homeowners in this township can expect their tax bills to vary, with the 25th percentile tax bill at $379 and the 75th percentile at $595. The 90th percentile tax bill reaches up to $660, indicating a range of tax burdens based on property values and assessments. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding these factors helps homeowners anticipate and manage their annual property tax obligations effectively.
Average Soldiertown Twp Tax Bill
$487
Average Penobscot County Tax Bill
$2,548
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Soldiertown Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04460 | $314 | $379 | $487 | $595 | $660 |
Source: Ownwell