Alexander, Maine Property Taxes
The median property tax rate in Alexander, ME is 1.72%, significantly higher than both the national median of 0.99% and the Maine state median of 1.57%. With a median home value of $120,400 in Alexander, the typical annual property tax bill reaches $2,071, still below the national median of $2,690. Property taxes in Alexander are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Alexander'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 Alexander or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alexander, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$2,071
Ownwell’s Alexander Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Alexander with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Alexander to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more granular details, you can explore trends at the neighborhood level by scrolling down for localized information. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Alexander, Maine
Property taxes in Alexander, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alexander is 1.72%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Alexander set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alexander 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 Alexander's effective property tax rate to other counties in Maine and the national median. For comparison, the 04694 zip code has the highest median property tax rate of 1.72%, while the 04694 zip code also has the lowest median tax rate of 1.72%. Understanding how these cities compare with Alexander provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alexander Tax Rate
1.72%
Average Washington County Tax Rate
1.70%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alexander, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04694 | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Alexander, Maine
In Alexander, 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 Washington 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. 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 Alexander helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Alexander both stand at $2,071, all within the zip code 04694.
Average Alexander Assessed Value
$120,400
Average Washington County Assessed Value
$97,800
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alexander, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04694 | $49,980 | $72,600 | $120,400 | $165,700 | $246,060 |
Source: Ownwell
Property Tax Bills Across Alexander, Maine
Property tax bills in Alexander, located in Washington County, ME, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of the property. This value is then multiplied by the property tax rate to determine the tax bill. In Alexander, the median home price is $120,400, and property tax rates can vary within the region. Homeowners in Alexander typically see tax bills that range from $1,249 at the 25th percentile to $4,232 at the 90th percentile. The median tax bill in the highest and lowest zip code, 04694, is $2,071, which is significantly higher than the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, public safety, and infrastructure, impacting the community's quality of life. Understanding these factors can help homeowners anticipate their annual expenses and the benefits they receive from their tax contributions.
Average Alexander Tax Bill
$2,071
Average Washington County Tax Bill
$1,700
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Alexander, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04694 | $863 | $1,249 | $2,071 | $2,850 | $4,232 |
Source: Ownwell