St John Plt, Maine Property Taxes
The median property tax rate in ST JOHN PLT, ME is 1.04%, slightly higher than the national median of 0.99% but lower than Maine's state median of 1.57%. With a median home value of $79,600 in ST JOHN PLT, the typical annual property tax bill is $826, which is below the national median of $2,690. Property taxes in ST JOHN PLT are based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding ST JOHN PLT's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of ST JOHN PLT or another part of the city, gaining insight into the local property tax system is beneficial for effective financial planning.
Last Updated June 14, 2024
St John Plt, 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 St John Plt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in St John Plt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in St John Plt 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 St John Plt, Maine
Property taxes in St. John Plt, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in St. John Plt is 1.04%, higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within St. John Plt set these rates annually, and they can vary significantly across different neighborhoods. Each year, St. John Plt 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 St. John Plt's effective property tax rate to other counties in Maine and the national median. For comparison, the zip code 04743 has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with St. John Plt 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 St John Plt Tax Rate
1.04%
Average Aroostook County Tax Rate
2.26%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across St John Plt, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04743 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across St John Plt, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in St. John Plt, Maine. 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. Assessment notices in St. John Plt 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in St. John Plt is $79,600, with the highest and lowest median tax bills both being $826 in the 04743 zip code.
Average St John Plt Assessed Value
$79,600
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 St John Plt, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04743 | $68,110 | $74,725 | $79,600 | $118,650 | $176,550 |
Source: Ownwell
Property Tax Bills Across St John Plt, Maine
In St. John Plt, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in the area is $79,600. Homeowners can expect their tax bill to fall within a range, with the 25th percentile tax bill at $775 and the 75th percentile at $1,230. The highest median tax bill recorded in the region is $826 in the 04743 zip code, which aligns with the lowest median tax bill, indicating a consistent tax rate across the area. The property tax rate in St. John Plt is influenced by various factors, including local government budgets, public service funding, and community infrastructure needs. Compared to the national median property tax rate of 0.99%, the rates in this part of Aroostook County are relatively moderate. Homeowners in St. John Plt need to consider these taxes as part of their overall housing costs, which can impact affordability and long-term financial planning. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances more effectively.
Average St John Plt Tax Bill
$826
Average Aroostook County Tax Bill
$1,771
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across St John Plt, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04743 | $706 | $775 | $826 | $1,230 | $1,831 |
Source: Ownwell