Elliottsville Twp, Maine Property Taxes
The median property tax rate in Elliottsville Twp, ME is 0.68%, significantly lower than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Elliottsville Twp at $136,985, the typical annual property tax bill is $934, which is well below the national median of $2,690. Property taxes in Elliottsville Twp are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Elliottsville 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 Elliottsville 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
Elliottsville Twp, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$931
Ownwell’s Elliottsville Twp Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elliottsville Twp with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elliottsville 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 Elliottsville Twp, Maine
Property taxes in Elliottsville Twp, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elliottsville Twp is 0.68%, lower than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Elliottsville Twp set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elliottsville Twp 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 Elliottsville Twp's effective property tax rate to other counties in Maine and the national median. For comparison, the 04443 zip code has both the highest and the lowest median property tax rate of 0.68%. Understanding how these cities compare with Elliottsville Twp 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 Elliottsville Twp Tax Rate
0.68%
Average Piscataquis County Tax Rate
2.00%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elliottsville Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04443 | 0.66% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Elliottsville Twp, Maine
In Elliottsville 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 Piscataquis 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 Elliottsville 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. For instance, the median home price is $136,985, with tax bills ranging from $537 at the 25th percentile to $1,954 at the 90th percentile. Notably, the zip code 04443 has both the highest and lowest median tax bill at $934. By understanding 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 Elliottsville Twp helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Elliottsville Twp, Maine
Source: Ownwell
$42,800
$234,125
$425,450
Average Elliottsville Twp Assessed Value
$136,985
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 Elliottsville Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04443 | $66,575 | $79,248 | $136,985 | $167,760 | $289,077 |
Source: Ownwell
Property Tax Bills Across Elliottsville Twp, Maine
In Elliottsville Township, 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 local property tax rate to determine the annual tax bill. For example, with a median home price of $136,985, homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. Several factors influence the final tax bill, including the property's size, location, and improvements. Additionally, local government budgets and public service funding needs play a role in determining the tax rate. In Elliottsville Township, the tax bills range significantly, with the 25th percentile at $537, the 75th percentile at $1146, and the 90th percentile reaching $1954. These property taxes impact homeowners by contributing to essential community services such as schools, infrastructure, and emergency services. Comparatively, Elliottsville Township's property tax rates offer a diverse range of tax bills, reflecting the varying property values within the area.
Average Elliottsville Twp Tax Bill
$934
Average Piscataquis County Tax Bill
$1,766
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Elliottsville Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04443 | $454 | $537 | $934 | $1,146 | $1,954 |
Source: Ownwell