Unity, Maine Property Taxes
The median property tax rate in Unity, ME is 0.58%, significantly lower than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Unity, the typical annual property tax bill reaches $845, well below the national median of $2,690. Property taxes in Unity are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Unity'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 Unity 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
Unity, 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 UNITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in UNITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in UNITY 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 Unity, Maine
Property taxes in Unity, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Unity 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 Unity set these rates annually, and they can vary significantly across different neighborhoods. Each year, Unity 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 Unity's effective property tax rate to other counties in Maine and the national median. For comparison, the 04988 zip code has the highest median property tax rate of 1.09%, while the 04988 zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Unity provides valuable insights into the varying tax landscape across Kennebec, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Unity Tax Rate
0.58%
Average Kennebec County Tax Rate
1.72%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Unity, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04988 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Unity, Maine
In Unity, 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 Unity, 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 Unity helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Unity's median home price stands at $146,690, with tax bills ranging from $657 at the 25th percentile to $2,731 at the 90th percentile. The highest and lowest median tax bills are both found in the 04988 zip code, each amounting to $845.
Average Unity Assessed Value
$146,690
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 Unity, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04988 | $78,719 | $114,058 | $146,690 | $200,682 | $474,239 |
Source: Ownwell
Property Tax Bills Across Unity, Maine
In Unity, located in Kennebec 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 properties to establish a fair market value. This value is then multiplied by the tax rate to determine the annual tax bill. For instance, with a median home price of $146,690, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as property size, location, and improvements can influence the assessed value. Tax bills in Unity range significantly, with the 25th percentile at $657 and the 75th percentile at $1,156. The 90th percentile sees tax bills as high as $2,731. The highest and lowest median tax bills are both recorded at $845 in the 04988 zip code. These property taxes fund essential public services, impacting homeowners by contributing to community resources like schools, infrastructure, and emergency services.
Average Unity Tax Bill
$845
Average Kennebec County Tax Bill
$2,685
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Unity, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04988 | $453 | $657 | $845 | $1,156 | $2,731 |
Source: Ownwell