East Baldwin, Maine Property Taxes
The median property tax rate in East Baldwin, ME is 1.24%, which is considerably higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With the median home value in East Baldwin at $164,800, the typical annual property tax bill reaches $2,054, falling below the national median of $2,690. Property taxes in East Baldwin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding East Baldwin'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 East Baldwin 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
East Baldwin, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$2,044
Ownwell’s EAST BALDWIN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST BALDWIN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST BALDWIN 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 East Baldwin, Maine
Property taxes in East Baldwin, Maine, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in East Baldwin is 1.24%, significantly higher than the U.S. national median of 0.99%. Each year, local government entities within East Baldwin set these rates, which can vary considerably across different neighborhoods. To determine the property tax rate, East Baldwin estimates the required budget to maintain services for the upcoming fiscal year and then divides this budget by the total value of all taxable property within the jurisdiction. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis for setting property tax rates. For comparison, other areas in Cumberland County also have a median property tax rate of 1.24%, providing valuable insights into the consistent tax landscape across the region. This information helps homeowners in East Baldwin understand their property tax obligations relative to neighboring areas, offering a clearer picture of the local tax environment.
Average East Baldwin Tax Rate
1.24%
Average Cumberland County Tax Rate
1.52%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Baldwin, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04024 | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across East Baldwin, Maine
In East Baldwin, 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 Cumberland 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 East Baldwin 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 East Baldwin 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 $2,054, found in zip code 04024.
Average East Baldwin Assessed Value
$164,800
Average Cumberland County Assessed Value
$319,900
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Baldwin, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04024 | $11,940 | $74,000 | $164,800 | $219,200 | $276,520 |
Source: Ownwell
Property Tax Bills Across East Baldwin, Maine
In East Baldwin, Cumberland County, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $164,800, the property tax can vary significantly based on the assessed value and specific tax rates applied. Several factors influence the final tax bill, including property location, size, and any applicable exemptions. In East Baldwin, the tax bill at the 25th percentile is $926, while at the 75th percentile, it rises to $2726. For those in the 90th percentile, the tax bill can reach up to $3436. This variability impacts homeowners differently, depending on their property's assessed value and any qualifying exemptions. Compared to the national median property tax rate of 0.99%, East Baldwin's tax rates reflect the local economic and administrative factors influencing property taxes in the region.
Average East Baldwin Tax Bill
$2,054
Average Cumberland County Tax Bill
$4,856
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across East Baldwin, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04024 | $150 | $926 | $2,054 | $2,726 | $3,436 |
Source: Ownwell