Greenville, Maine Property Taxes
The median property tax rate in Greenville, ME is 1.69%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Greenville at $133,150, the typical annual property tax bill reaches $2,056, which is below the national median of $2,690. Property taxes in Greenville 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 Greenville'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 Greenville 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
Greenville, Maine Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$3,140
Ownwell’s Greenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenville 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 Greenville, Maine
Property taxes in Greenville, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenville is 1.69%, significantly higher than the U.S. national median of 0.99%. Local government entities within Greenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenville 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 Greenville's effective property tax rate to other areas in Maine and the national median. For comparison, the zip code 04441 has the highest median property tax rate of 1.69%, while the same zip code also has the lowest median tax rate of 1.69%. Understanding how these areas compare with Greenville 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 Greenville Tax Rate
1.69%
Average Piscataquis County Tax Rate
2.00%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04441 | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Greenville, Maine
In Greenville, 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 Greenville, 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 Greenville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Greenville is $133,150, with the 25th percentile tax bill at $1,441 and the 75th percentile tax bill at $3,238. The highest and lowest median tax bill in the area is $2,056, both found in zip code 04441.
Average Greenville Assessed Value
$133,150
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 Greenville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04441 | $60,950 | $91,300 | $133,150 | $208,400 | $348,470 |
Source: Ownwell
Property Tax Bills Across Greenville, Maine
In Greenville, located in Piscataquis County, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and reflects the market value of the property. Homeowners in Greenville can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $1,441 and the 75th percentile reaching $3,238. For those in the 90th percentile, tax bills can go as high as $5,426. The tax rate in Greenville is influenced by various factors, including local government budgets, public service needs, and school funding requirements. Compared to the national median property tax rate of 0.99%, Greenville's property taxes can be substantial, impacting homeowners' annual expenses. The highest and lowest median tax bills in the area both stand at $2,056, specifically in the 04441 zip code. These property taxes play a crucial role in funding essential community services, affecting the overall cost of homeownership in Greenville.
Average Greenville Tax Bill
$2,056
Average Piscataquis County Tax Bill
$1,766
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04441 | $977 | $1,441 | $2,056 | $3,238 | $5,426 |
Source: Ownwell