Orneville Twp, Maine Property Taxes
The median property tax rate in Orneville Twp, ME is 0.68%, considerably lower than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Orneville Twp at $114,550, the typical annual property tax bill reaches $782, well below the national median of $2,690. Property taxes in Orneville Twp 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 Orneville 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 Orneville 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
Orneville Twp, 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 Orneville Twp Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orneville Twp with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orneville 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 Orneville Twp, Maine
Property taxes in Orneville Twp, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orneville Twp is 0.68%, which is lower than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Orneville Twp set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orneville 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 Orneville Twp's effective property tax rate to other areas in Maine and the national median. For comparison, the zip code 04463 has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these figures compare with Orneville 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 Orneville 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 Orneville Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04463 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Orneville Twp, Maine
In Orneville 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 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 Orneville 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 Orneville Twp helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $114,550, with tax bills ranging from $490 at the 25th percentile to $1,472 at the 90th percentile. The highest and lowest median tax bills are both $782, found in the 04463 zip code.
Average Orneville Twp Assessed Value
$114,550
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 Orneville Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04463 | $30,496 | $71,775 | $114,550 | $166,640 | $215,466 |
Source: Ownwell
Property Tax Bills Across Orneville Twp, Maine
In Orneville Township, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. Factors such as property size, location, and market conditions are considered when determining the assessed value. For homeowners in Orneville Township, the median home price stands at $114,550. The tax bills can vary significantly, with the 25th percentile tax bill at $490 and the 75th percentile reaching $1,138. At the 90th percentile, homeowners may face tax bills as high as $1,472. These figures illustrate the range of property tax obligations in the area, which can impact household budgets and financial planning. Compared to the national median property tax rate of 0.99%, Orneville Township's property tax rates are competitive, offering a relatively affordable cost of living while still providing essential public services funded by these taxes.
Average Orneville Twp Tax Bill
$782
Average Piscataquis County Tax Bill
$1,766
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Orneville Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04463 | $208 | $490 | $782 | $1,138 | $1,472 |
Source: Ownwell