Saint David, Maine Property Taxes
The median property tax rate in Saint David, ME is 2.28%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Saint David at $116,500, the typical annual property tax bill reaches $2,587, closely approaching the national median of $2,690. Property taxes in Saint David 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 Saint David'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 Saint David 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
Saint David, 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 Saint David Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint David with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint David 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 Saint David, Maine
Property taxes in Saint David, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint David is 2.28%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Saint David set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint David 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 Saint David's effective property tax rate to other counties in Maine and the national median. For comparison, the 04773 zip code has the highest median property tax rate of 2.28%, while the 04773 zip code also has the lowest median tax rate of 2.28%. Understanding how these cities compare with Saint David 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 Saint David Tax Rate
2.28%
Average Aroostook County Tax Rate
2.26%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint David, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04773 | 2.27% | 2.27% | 2.28% | 2.28% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Saint David, Maine
In Saint David, 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 Saint David, 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 Saint David helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both amount to $2,587 in the 04773 zip code.
Average Saint David Assessed Value
$116,500
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 Saint David, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04773 | $57,440 | $81,600 | $116,500 | $169,000 | $244,968 |
Source: Ownwell
Property Tax Bills Across Saint David, Maine
In Saint David, located in Aroostook County, ME, property tax bills are calculated based on the assessed value of a home. This value is determined by local tax assessors who evaluate the property's market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. For homeowners in Saint David, the median home price stands at $116,500, which significantly influences the tax bill. Property tax bills in the area vary widely, with the 25th percentile at $1,800, the 75th percentile at $3,631, and the 90th percentile reaching up to $5,411. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to understand how local rates and assessed values impact their financial obligations. This tax burden can affect homeowners' budgets and long-term financial planning, emphasizing the importance of accurate property assessments.
Average Saint David Tax Bill
$2,587
Average Aroostook County Tax Bill
$1,771
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint David, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04773 | $1,271 | $1,800 | $2,587 | $3,631 | $5,411 |
Source: Ownwell