Vienna, Maine Property Taxes
The median property tax rate in Vienna, ME is 1.94%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Vienna, the typical annual property tax bill reaches $2,330, which is below the national median of $2,690. Property taxes in Vienna 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 Vienna'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 Vienna 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
Vienna, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.94%
Estimate Property Tax Bill
$2,330
Ownwell’s Vienna Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential buyer looking to estimate their annual property taxes in Vienna. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Vienna to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and make informed decisions. For those interested in more detailed trends on a neighborhood level, further localized information is available. Your property’s assessed value is determined by the county for property tax calculations, which also considers any applicable exemptions.
Property Tax Rates Across Vienna, Maine
Property taxes in Vienna, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vienna is 1.94%, substantially higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Vienna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vienna 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 Vienna's effective property tax rate to other counties in Maine and the national median. For comparison, the 04360 zip code has both the highest and lowest median property tax rate of 1.94%. Understanding how these cities compare with Vienna 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 Vienna Tax Rate
1.94%
Average Kennebec County Tax Rate
1.72%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vienna, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04360 | 1.94% | 1.94% | 1.94% | 1.94% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Vienna, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Vienna, 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 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 Vienna, 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. The zip code with the highest median tax bill is 04360 at $2,330, which is consistent across the board. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Vienna Assessed Value
$120,100
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 Vienna, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04360 | $57,320 | $79,850 | $120,100 | $158,187 | $213,754 |
Source: Ownwell
Property Tax Bills Across Vienna, Maine
In Vienna, 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. The assessed value is a percentage of the market value of the property. This value is then multiplied by the local tax rate to determine the tax bill. For homeowners in Vienna, the median home price is $120,100. Various factors influence the tax bill, including property size, location, and any improvements made to the property. The tax bill can vary significantly; for instance, the 25th percentile tax bill is $1,549, while the 75th percentile reaches $3,068, and the 90th percentile can be as high as $4,147. The highest and lowest median tax bills in the region both stand at $2,330 in the 04360 zip code. These property taxes fund essential community services like schools, public safety, and infrastructure, directly impacting the quality of life for homeowners.
Average Vienna Tax Bill
$2,330
Average Kennebec County Tax Bill
$2,685
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Vienna, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04360 | $1,112 | $1,549 | $2,330 | $3,068 | $4,147 |
Source: Ownwell