Blaine, Maine Property Taxes
The median property tax rate in Blaine, ME is 2.05%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Blaine, the typical annual property tax bill reaches $1,630, which, while below the national median of $2,690, still represents a significant expense for homeowners. Property taxes in Blaine 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 Blaine'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 Blaine 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
Blaine, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.05%
Estimate Property Tax Bill
$1,630
Ownwell’s Blaine Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Blaine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blaine to provide an estimate of 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 Blaine, Maine
Property taxes in Blaine, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blaine is 2.05%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Blaine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blaine 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 Blaine's effective property tax rate to other counties in Maine and the national median. For comparison, the 04734 zip code has the highest median property tax rate of 2.05%, while the same zip code also has the lowest median tax rate of 2.05%. Understanding how these cities compare with Blaine provides valuable insights into the varying tax landscape across Aroostook County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blaine Tax Rate
2.05%
Average Aroostook County Tax Rate
2.26%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blaine, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04734 | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Blaine, Maine
In Blaine, 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 Aroostook 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 Blaine, 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 Blaine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 04734 has both the highest and lowest median tax bills at $1,630, with tax bills ranging from $1,073 at the 25th percentile to $3,968 at the 90th percentile.
Average Blaine Assessed Value
$79,508
Average Aroostook County Assessed Value
$86,999
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blaine, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04734 | $33,638 | $52,350 | $79,508 | $129,174 | $193,546 |
Source: Ownwell
Property Tax Bills Across Blaine, Maine
In Blaine, property tax bills are calculated based on the assessed value of the home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $79,508, the property tax bill typically falls within a range, with the 25th percentile at $1,073 and the 75th percentile at $2,648. At the higher end, the 90th percentile tax bill can reach up to $3,968. Several factors influence the assessed value, including the property's location, size, and condition. These assessments ensure that homeowners contribute a fair share to local services such as schools, infrastructure, and emergency services. In Aroostook County, the median tax bill is $1,630, which is higher than the national median property tax rate of 0.99%. Understanding these calculations helps homeowners budget for their annual expenses and anticipate any fluctuations in their property tax bills.
Average Blaine Tax Bill
$1,630
Average Aroostook County Tax Bill
$1,771
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Blaine, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04734 | $690 | $1,073 | $1,630 | $2,648 | $3,968 |
Source: Ownwell