Sebec, Maine Property Taxes
The median property tax rate in Sebec, ME is 1.33%, which is higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With a median home value of $136,190 in Sebec, the typical annual property tax bill amounts to $1,804, which is below the national median of $2,690. Property taxes in Sebec are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Sebec'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 Sebec or another part of Piscataquis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sebec, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$1,811
Ownwell’s Sebec Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sebec with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sebec 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 Sebec, Maine
Property taxes in Sebec, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sebec is 1.33%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sebec set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sebec 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 Sebec's effective property tax rate to other areas in Maine and the national median. For comparison, the 04426 zip code has the highest median property tax rate of 1.33%, while the 04481 zip code has the lowest median tax rate of 1.33%. Understanding how these areas compare with Sebec 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 Sebec Tax Rate
1.33%
Average Piscataquis County Tax Rate
2.00%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sebec, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04426 | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% |
| 04481 | 1.32% | 1.32% | 1.32% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Sebec, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sebec, Maine. 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 Sebec, 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 Sebec helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Sebec is $1,813 in zip code 04481, while the lowest is $1,451 in zip code 04426.
Average Sebec Assessed Value
$136,190
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 Sebec, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04426 | $43,916 | $61,340 | $109,500 | $143,090 | $179,660 |
| 04481 | $57,000 | $95,400 | $136,800 | $192,980 | $254,140 |
Source: Ownwell
Property Tax Bills Across Sebec, Maine
In Sebec, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Sebec is $136,190, and the property tax rate in Piscataquis County is applied to this value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax amount. Homeowners in Sebec can expect their tax bills to vary. For instance, those in the 25th percentile pay around $1,224, while those in the 75th percentile face bills closer to $2,555. At the 90th percentile, tax bills can reach as high as $3,349. The highest median tax bill in the area is $1,813 in the 04481 zip code, whereas the lowest is $1,451 in the 04426 zip code. These taxes fund essential local services like schools, public safety, and infrastructure, directly affecting the quality of life and property values in Sebec.
Average Sebec Tax Bill
$1,804
Average Piscataquis County Tax Bill
$1,766
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Sebec, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04426 | $582 | $813 | $1,451 | $1,896 | $2,381 |
| 04481 | $731 | $1,231 | $1,813 | $2,557 | $3,367 |
Source: Ownwell