Clinton, Maine Property Taxes
The median property tax rate in Clinton, ME is 1.26%, which is notably higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With the median home value in Clinton at $129,875, the typical annual property tax bill amounts to $1,640, falling below the national median of $2,690. Property taxes in Clinton are determined based on the tax assessed value, which is typically lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Clinton'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 Clinton or another part of Kennebec County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clinton, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$1,636
Ownwell’s Clinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clinton 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 Clinton, Maine
Property taxes in Clinton, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton is 1.09%, higher than both the Maine state median of 1.09% and the U.S. national median of 0.99%. Local government entities within Clinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clinton 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 Clinton's effective property tax rate to other counties in Maine and the national median. For comparison, the 04927 zip code has the highest median property tax rate of 1.09%, while the 04927 zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Clinton provides valuable insights into the varying tax landscape across Kennebec County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clinton Tax Rate
1.26%
Average Kennebec County Tax Rate
1.72%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04927 | 1.26% | 1.26% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, Maine
In Clinton, 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 Kennebec 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 Clinton, 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 instance, the median home price in Clinton is $129,875, with annual tax bills ranging from $1,084 at the 25th percentile to $3,068 at the 90th percentile. The highest and lowest median tax bills both stand at $1,640 in the 04927 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined.
Average Clinton Assessed Value
$129,875
Average Kennebec County Assessed Value
$154,165
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clinton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04927 | $46,450 | $86,010 | $129,875 | $177,200 | $243,491 |
Source: Ownwell
Property Tax Bills Across Clinton, Maine
In Clinton, located in Kennebec County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, the median home price in Clinton is $129,875. Given the national median property tax rate of 0.99%, homeowners in Clinton could expect a tax bill close to $1,284 if the local rate aligns with the national average. However, actual tax bills can vary significantly. For example, tax bills in the 25th percentile are around $1,084, while those in the 75th percentile reach approximately $2,232, and the 90th percentile can go up to $3,068. The highest and lowest median tax bills in the area are both recorded at $1,640, indicating a level of consistency in property tax assessments within the zip code 04927. These variations can significantly impact homeowners' annual budgets, making it crucial to understand how property taxes are calculated and the factors that influence them.
Average Clinton Tax Bill
$1,640
Average Kennebec County Tax Bill
$2,685
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04927 | $585 | $1,084 | $1,640 | $2,232 | $3,068 |
Source: Ownwell