Coburn Gore, Maine Property Taxes
The median property tax rate in Coburn Gore, ME is 0.83%, which is lower than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Coburn Gore at $234,345, the typical annual property tax bill amounts to $1,936, falling below the national median of $2,690. Property taxes in Coburn Gore are calculated based on the tax assessed value, which often is less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Coburn Gore'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 Coburn Gore 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
Coburn Gore, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,945
Ownwell’s Coburn Gore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coburn Gore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coburn Gore 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 Coburn Gore, Maine
Property taxes in Coburn Gore, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coburn Gore is 0.83%, which is lower than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Coburn Gore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coburn Gore 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 Coburn Gore's effective property tax rate to other counties in Maine and the national median. For comparison, the zip code 04936 has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Coburn Gore 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 Coburn Gore Tax Rate
0.83%
Average Franklin County Tax Rate
1.80%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coburn Gore, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04936 | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Coburn Gore, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Coburn Gore, 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 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 Coburn Gore, 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. For example, the median home price in Coburn Gore is $234,345, with tax bills ranging from $1,877 at the 25th percentile to $2,030 at the 90th percentile. The zip code 04936 reports both the highest and lowest median tax bills at $1,936. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Coburn Gore Assessed Value
$234,345
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 Coburn Gore, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04936 | $222,925 | $227,208 | $234,345 | $241,482 | $245,765 |
Source: Ownwell
Property Tax Bills Across Coburn Gore, Maine
In Coburn Gore, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $234,345, homeowners can expect to pay a significant amount in property taxes annually. Factors such as property location, size, and market conditions play a crucial role in determining the assessed value. Homeowners in Coburn Gore typically face tax bills ranging from $1,877 at the 25th percentile to $2,030 at the 90th percentile, with the highest median tax bill recorded at $1,936. This is notably higher than the national median property tax rate of 0.99%, reflecting the region's unique market dynamics. These property taxes are essential for funding local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Coburn Gore Tax Bill
$1,936
Average Franklin County Tax Bill
$1,981
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Coburn Gore, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04936 | $1,842 | $1,877 | $1,936 | $1,995 | $2,030 |
Source: Ownwell