Nobleboro, Maine Property Taxes
The median property tax rate in Nobleboro, ME is 1.28%, which is higher than the national median of 0.99% but lower than Maine's state median of 1.57%. With a median home value of $202,750 in Nobleboro, the typical annual property tax bill is $2,595, slightly below the national median of $2,690. Property taxes in Nobleboro are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Nobleboro'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 Nobleboro 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
Nobleboro, 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 Nobleboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nobleboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nobleboro 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 Nobleboro, Maine
Property taxes in Nobleboro, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nobleboro is 1.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within Nobleboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nobleboro 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 Nobleboro's effective property tax rate to other areas within Lincoln County and the national median. For comparison, the zip code 04555 has both the highest and lowest median property tax rate of 1.28%. Understanding how these areas compare with Nobleboro provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nobleboro Tax Rate
1.28%
Average Lincoln County Tax Rate
1.40%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nobleboro, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04555 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Nobleboro, Maine
In Nobleboro, 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 Lincoln 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 Nobleboro, 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. The median home price in Nobleboro is $202,750, with tax bills ranging from $1,949 at the 25th percentile to $5,241 at the 90th percentile. The highest and lowest median tax bills are both $2,595, found in the 04555 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. Being aware of these valuation processes in Nobleboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Nobleboro Assessed Value
$202,750
Average Lincoln County Assessed Value
$224,290
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nobleboro, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04555 | $120,950 | $152,300 | $202,750 | $278,600 | $409,450 |
Source: Ownwell
Property Tax Bills Across Nobleboro, Maine
In Nobleboro, 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. Several factors influence the assessed value, including the property's market value, location, and any improvements made to the property. For homeowners in Nobleboro, the tax bill can significantly impact their finances. The median home price in the area is $202,750. Tax bills can vary widely; for instance, the 25th percentile tax bill is $1,949, while the 75th percentile tax bill reaches $3,566. At the 90th percentile, homeowners may face tax bills as high as $5,241. The highest median tax bill in Nobleboro is $2,595, which is above the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual property tax obligations and budget accordingly.
Average Nobleboro Tax Bill
$2,595
Average Lincoln County Tax Bill
$2,866
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Nobleboro, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04555 | $1,548 | $1,949 | $2,595 | $3,566 | $5,241 |
Source: Ownwell