Avon, Maine Property Taxes
The median property tax rate in Avon, ME is 1.73%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Avon at $97,900, the typical annual property tax bill reaches $1,694, which, while below the national median of $2,690, is still a significant expense for homeowners. Property taxes in Avon are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Avon'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 Avon or another part of Franklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Avon, 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 Avon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Avon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Avon 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 Avon, Maine
Property taxes in Avon, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Avon is 1.73%, significantly higher than the U.S. national median of 0.99%. Local government entities within Avon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Avon 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 Avon's effective property tax rate to other counties in Maine and the national median. For comparison, the zip code 04966 has both the highest and lowest median property tax rate of 1.73%. Understanding how these areas compare with Avon provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Avon Tax Rate
1.73%
Average Franklin County Tax Rate
1.80%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Avon, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04966 | 1.73% | 1.73% | 1.73% | 1.73% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Avon, Maine
In Avon, 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 Franklin 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 Avon, 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 Avon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in Avon is $1,694, with the same value in zip code 04966.
Average Avon Assessed Value
$97,900
Average Franklin County Assessed Value
$119,100
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Avon, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04966 | $35,080 | $63,850 | $97,900 | $153,135 | $196,920 |
Source: Ownwell
Property Tax Bills Across Avon, Maine
In Avon, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Avon stands at $97,900, which is significantly lower than the national median. Homeowners in the area can expect their tax bills to vary widely depending on the assessed value of their property. For instance, the tax bill at the 25th percentile is approximately $1,104, while at the 75th percentile, it rises to around $2,650, and at the 90th percentile, it can reach up to $3,406. The tax rate applied in Franklin County, where Avon is located, determines the final tax bill. This rate is influenced by local government budgets, school funding, and other municipal needs. Higher property values or local tax rates directly impact homeowners, often resulting in higher tax bills. Homeowners should be aware of these factors as they can significantly affect their annual financial planning.
Average Avon Tax Bill
$1,694
Average Franklin County Tax Bill
$1,981
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Avon, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04966 | $607 | $1,104 | $1,694 | $2,650 | $3,406 |
Source: Ownwell