Littleton, Maine Property Taxes
The median property tax rate in Littleton, ME is 1.83%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Littleton at $84,590, the typical annual property tax bill reaches $1,548, exceeding the national median of $2,690. Property taxes in Littleton 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 Littleton'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 Littleton 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
Littleton, 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 Littleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Littleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Littleton 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 Littleton, Maine
Property taxes in Littleton, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Littleton is 1.83%, which is significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Littleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Littleton 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 Littleton's effective property tax rate to other areas in Maine and the national median. For comparison, the 04730 zip code has the highest median property tax rate of 1.83%, while the same zip code also has the lowest median tax rate of 1.83%. Understanding how these areas compare with Littleton 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 Littleton Tax Rate
1.83%
Average Aroostook County Tax Rate
2.26%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Littleton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04730 | 1.83% | 1.83% | 1.83% | 1.83% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Littleton, Maine
In Littleton, 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 Littleton, 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 Littleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1548, found in the 04730 zip code.
Average Littleton Assessed Value
$84,590
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 Littleton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04730 | $36,630 | $58,425 | $84,590 | $106,865 | $137,530 |
Source: Ownwell
Property Tax Bills Across Littleton, Maine
In Littleton, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the city's tax assessor and reflects the property's market value. Homeowners in Littleton, located in Aroostook County, can expect their property tax bills to be influenced by this assessed value as well as the local tax rate set by the county. For instance, the median home price in Littleton is $84,590, which serves as a basis for calculating the tax bill. Depending on the specific property and its assessed value, tax bills can vary significantly. The 25th percentile tax bill is around $1,070, while the 75th percentile reaches up to $1,956. For those in the 90th percentile, tax bills can be as high as $2,517. Compared to the national median property tax rate of 0.99%, Littleton's tax bills reflect the local economic and property market conditions, impacting homeowners by determining their annual property tax obligations.
Average Littleton Tax Bill
$1,548
Average Aroostook County Tax Bill
$1,771
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Littleton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04730 | $670 | $1,070 | $1,548 | $1,956 | $2,517 |
Source: Ownwell