Brownville, Maine Property Taxes
The median property tax rate in Brownville, ME is 2.22%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Brownville at $70,850, the typical annual property tax bill reaches $1,474, exceeding the national median of $2,690. Property taxes in Brownville 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 Brownville'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 Brownville 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
Brownville, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.22%
Estimate Property Tax Bill
$1,573
Ownwell’s Brownville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brownville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brownville 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 Brownville, Maine
Property taxes in Brownville, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brownville is 2.22%, significantly higher than the U.S. national median of 0.99%. Local government entities within Brownville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brownville 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 Brownville's effective property tax rate to other counties in Maine and the national median. For comparison, the 04414 zip code has both the highest and lowest median property tax rate of 2.22%. Understanding how these cities compare with Brownville provides valuable insights into the varying tax landscape across Piscataquis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brownville Tax Rate
2.22%
Average Piscataquis County Tax Rate
2.00%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brownville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04414 | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Brownville, Maine
In Brownville, 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 local 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 Brownville, 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. The median home price in Brownville is $70,850. The median tax bill for the 25th percentile is $1,056, while the 75th percentile tax bill is $2,150, and the 90th percentile tax bill reaches $3,300. Interestingly, the highest and lowest median tax bills both stand at $1,474 in zip code 04414. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brownville Assessed Value
$70,850
Average Piscataquis County Assessed Value
$100,500
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brownville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04414 | $36,650 | $50,925 | $70,850 | $116,175 | $180,550 |
Source: Ownwell
Property Tax Bills Across Brownville, Maine
In Brownville, located in Piscataquis County, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the town's assessor, who evaluates the property's market value and applies a percentage to calculate the taxable amount. Various factors such as property size, location, and condition are considered in this assessment process. For homeowners in Brownville, the median home price stands at $70,850. Property tax bills vary significantly, with the 25th percentile at $1,056 and the 75th percentile reaching $2,150. At the higher end, the 90th percentile tax bill can be as much as $3,300. These figures illustrate the range of property tax obligations homeowners might face. Compared to the national median property tax rate of 0.99%, Brownville's tax scenario can be quite impactful. Homeowners need to be aware of these factors as they directly influence their annual financial planning and overall cost of owning a property in this region.
Average Brownville Tax Bill
$1,474
Average Piscataquis County Tax Bill
$1,766
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Brownville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04414 | $740 | $1,056 | $1,474 | $2,150 | $3,300 |
Source: Ownwell