East Livermore, Maine Property Taxes
The median property tax rate in East Livermore, ME is 2.43%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in East Livermore, the typical annual property tax bill reaches $342, which is significantly lower than the national median of $2,690. Property taxes in East Livermore 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 East Livermore'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 East Livermore 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
East Livermore, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.43%
Estimate Property Tax Bill
$343
Ownwell’s East Livermore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Livermore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Livermore 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 East Livermore, Maine
Property taxes in East Livermore, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Livermore is 2.43%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within East Livermore set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Livermore 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 East Livermore's effective property tax rate to other counties in Maine and the national median. For comparison, the 04228 zip code has the highest median property tax rate of 2.43%, while the 04228 zip code also has the lowest median tax rate of 2.43%. Understanding how these cities compare with East Livermore provides valuable insights into the varying tax landscape across Androscoggin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Livermore Tax Rate
2.43%
Average Androscoggin County Tax Rate
2.28%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Livermore, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04228 | 2.43% | 2.43% | 2.43% | 2.43% | 2.43% |
Source: Ownwell
Property Tax Assessment Values Across East Livermore, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in East Livermore, Maine. The market value represents 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 Androscoggin 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 East Livermore, 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 East Livermore is $14,100, with the highest median tax bill recorded at $342 in ZIP code 04228. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average East Livermore Assessed Value
$14,100
Average Androscoggin County Assessed Value
$134,490
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Livermore, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04228 | $14,100 | $14,100 | $14,100 | $14,100 | $14,100 |
Source: Ownwell
Property Tax Bills Across East Livermore, Maine
In East Livermore, property tax bills are calculated based on the assessed value of a property and the local tax rate set by Androscoggin County. The median home price in this area is $14,100, which is significantly lower than the national median. Property taxes are determined by multiplying the assessed value by the local tax rate, which is applied uniformly across the county. For East Livermore, the median tax bill is $342, with the 25th, 75th, and 90th percentiles all reflecting the same amount, indicating a consistent tax rate. Factors considered in determining the tax bill include the property's assessed value, the local tax rate, and any applicable exemptions or deductions. This consistency in tax bills suggests a straightforward and predictable taxation system for homeowners. Compared to the national median property tax rate of 0.99%, East Livermore's property taxes offer a more affordable option for residents, making it an attractive location for homeownership. This affordability can significantly impact homeowners by reducing their annual financial burden.
Average East Livermore Tax Bill
$342
Average Androscoggin County Tax Bill
$3,060
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across East Livermore, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04228 | $342 | $342 | $342 | $342 | $342 |
Source: Ownwell