Sabattus, Maine Property Taxes
The median property tax rate in Sabattus, ME is 1.67%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Sabattus, the typical annual property tax bill reaches $2,392, which is below the national median of $2,690. Property taxes in Sabattus 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 Sabattus'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 Sabattus 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
Sabattus, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$2,399
Ownwell’s Sabattus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sabattus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sabattus 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 Sabattus, Maine
Property taxes in Sabattus, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sabattus is 1.67%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sabattus set these rates annually, and they can vary across different neighborhoods. Each year, Sabattus 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 Sabattus's effective property tax rate to other counties in Maine and the national median. For comparison, the zip code 04280 has both the highest and the lowest median property tax rate of 1.67%. Understanding how these areas compare with Sabattus 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 Sabattus Tax Rate
1.67%
Average Androscoggin County Tax Rate
2.28%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sabattus, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04280 | 1.66% | 1.66% | 1.67% | 1.67% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Sabattus, Maine
In Sabattus, 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 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 Sabattus, 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 Sabattus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Sabattus is $2,392, and the lowest median tax bill is also $2,392, both in the zip code 04280.
Average Sabattus Assessed Value
$143,650
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 Sabattus, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04280 | $52,490 | $82,450 | $143,650 | $198,800 | $251,710 |
Source: Ownwell
Property Tax Bills Across Sabattus, Maine
In Sabattus, located in Androscoggin County, ME, property tax bills are calculated based on the assessed value of the property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Sabattus can expect a median property tax bill of $2,392, which is significantly higher than the national median property tax rate of 0.99%. Factors such as the property's location, size, and overall market value play crucial roles in determining the assessed value. For instance, a home priced at the median value of $143,650 could see a tax bill ranging from $1,373 at the 25th percentile to $4,191 at the 90th percentile. These variations highlight how different factors can impact the final tax amount. High property taxes can affect homeowners by increasing their annual expenses, making it essential for them to understand the assessment process and potential exemptions.
Average Sabattus Tax Bill
$2,392
Average Androscoggin County Tax Bill
$3,060
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Sabattus, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04280 | $874 | $1,373 | $2,392 | $3,310 | $4,191 |
Source: Ownwell