Centerville, Maine Property Taxes
The median property tax rate in Centerville, ME is 0.85%, which is lower than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Centerville at $123,340, the typical annual property tax bill is $1,048, significantly below the national median of $2,690. Property taxes in Centerville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Centerville'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 Centerville 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
Centerville, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$1,048
Ownwell’s Centerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Centerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Centerville 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 Centerville, Maine
Property taxes in Centerville, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Centerville is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Centerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Centerville 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 Centerville's effective property tax rate to other areas in Maine and the national median. For comparison, the zip code 04623 has both the highest and lowest median property tax rate of 0.85%. Understanding how these areas compare with Centerville 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 Centerville Tax Rate
0.85%
Average Washington County Tax Rate
1.70%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Centerville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04623 | 0.83% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Centerville, Maine
In Centerville, 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. In Centerville, 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 Centerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Centerville is $1,048 in the 04623 zip code, while the lowest median tax bill is also $1,048 in the same zip code.
Average Centerville Assessed Value
$123,340
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 Centerville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04623 | $79,110 | $108,330 | $123,340 | $126,570 | $136,614 |
Source: Ownwell
Property Tax Bills Across Centerville, Maine
Property tax bills in Centerville, Washington County, ME, are determined based on the assessed value of a home and the local tax rate. The median home price in Centerville is $123,340, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value, leading to variations in tax bills. Homeowners in Centerville can expect tax bills ranging from the 25th percentile at $921 to the 75th percentile at $1,076. For those in the higher brackets, the 90th percentile tax bill reaches $1,139. The highest and lowest median tax bill in the region is $1,048, specifically in the 04623 zip code. Compared to the national median property tax rate of 0.99%, Centerville's rates are relatively competitive, making it an attractive option for homeowners. Understanding these factors helps homeowners plan their finances and anticipate annual property tax expenses.
Average Centerville Tax Bill
$1,048
Average Washington County Tax Bill
$1,700
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Centerville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04623 | $673 | $921 | $1,048 | $1,076 | $1,139 |
Source: Ownwell