Beddington, Maine Property Taxes
The median property tax rate in Beddington, ME is 0.70%, considerably lower than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Beddington, the typical annual property tax bill reaches $1,074, well below the national median of $2,690. Property taxes in Beddington 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 Beddington'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 Beddington 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
Beddington, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,073
Ownwell’s Beddington Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Beddington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beddington 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 Beddington, Maine
Property taxes in Beddington, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beddington is 0.70%, which is lower than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Beddington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beddington 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 Beddington's effective property tax rate to other areas in Maine and the national median. For comparison, the zip code 04622 has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these areas compare with Beddington 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 Beddington Tax Rate
0.70%
Average Washington County Tax Rate
1.70%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beddington, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04622 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Beddington, Maine
In Beddington, 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 Assessment Office 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 Beddington, 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 Beddington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $1074 in the zip code 04622, highlighting a consistent tax landscape across the area.
Average Beddington Assessed Value
$153,350
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 Beddington, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04622 | $57,410 | $106,800 | $153,350 | $191,125 | $241,110 |
Source: Ownwell
Property Tax Bills Across Beddington, Maine
Property tax bills in Beddington, Washington County, ME are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value of the home, which in Beddington has a median home price of $153,350. Local authorities then apply the tax rate to this assessed value to determine the annual property tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. In Beddington, the tax bills vary significantly, with the 25th percentile at $747 and the 75th percentile at $1468. For those in the 90th percentile, the tax bill can reach up to $1688. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how these taxes are calculated is essential for financial planning and property investment decisions, especially when compared to the national median property tax rate of 0.99%.
Average Beddington Tax Bill
$1,074
Average Washington County Tax Bill
$1,700
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Beddington, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04622 | $402 | $747 | $1,074 | $1,468 | $1,688 |
Source: Ownwell