Berwick, Maine Property Taxes
The median property tax rate in Berwick, ME is 1.82%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Berwick, the typical annual property tax bill reaches $4,245, exceeding the national median of $2,690. Property taxes in Berwick 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 Berwick'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 Berwick 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
Berwick, 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 Berwick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Berwick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Berwick 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 Berwick, Maine
Property taxes in Berwick, Maine, are crucial for funding essential local services, such as public schools, road maintenance, and emergency services. The median tax rate in Berwick is 1.82%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Berwick set these rates annually, and they can vary across different neighborhoods. Each year, Berwick 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 Berwick's effective property tax rate to other areas and the national median. For comparison, the 03901 zip code has the highest median property tax rate of 1.82%, while the same zip code also has the lowest median tax rate of 1.82%. Understanding how these areas compare with Berwick provides valuable insights into the varying tax landscape across York County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Berwick Tax Rate
1.82%
Average York County Tax Rate
1.32%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Berwick, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03901 | 1.82% | 1.82% | 1.82% | 1.82% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Berwick, Maine
In Berwick, 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 York 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 Berwick, 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. For instance, the median home price in Berwick is $233,000, with tax bills ranging from $3,429 at the 25th percentile to $6,315 at the 90th percentile. The highest and lowest median tax bills are both $4,245 in the 03901 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Berwick Assessed Value
$233,000
Average York County Assessed Value
$307,400
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Berwick, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03901 | $121,240 | $188,200 | $233,000 | $286,800 | $346,660 |
Source: Ownwell
Property Tax Bills Across Berwick, Maine
In Berwick, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The local tax rate is then applied to this assessed value to determine the tax bill. For homeowners in Berwick, York County, the median home price is $233,000. Property tax bills can vary significantly, with the 25th percentile at $3,429 and the 75th percentile reaching $5,224. The highest median tax bill in the area is $4,245, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the home's location, size, and condition, as well as any applicable exemptions or deductions. These taxes fund essential community services such as schools, roads, and emergency services, directly impacting homeowners by supporting the infrastructure and services that maintain property values and quality of life. For homeowners in Berwick, staying informed about these factors can help manage and potentially reduce their property tax burden.
Average Berwick Tax Bill
$4,245
Average York County Tax Bill
$3,841
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Berwick, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03901 | $2,214 | $3,429 | $4,245 | $5,224 | $6,315 |
Source: Ownwell