Argyle Twp, Maine Property Taxes
The median property tax rate in Argyle Twp, ME is 0.83%, lower than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Argyle Twp at $115,925, the typical annual property tax bill reaches $958, significantly below the national median of $2,690. Property taxes in Argyle Twp are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Argyle Twp'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 Argyle Twp 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
Argyle Twp, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$962
Ownwell’s Argyle Twp Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Argyle Twp with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Argyle Twp 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 Argyle Twp, Maine
Property taxes in Argyle Twp, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Argyle Twp 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 Argyle Twp set these rates annually, and they can vary significantly across different neighborhoods. Each year, Argyle Twp 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 Argyle Twp's effective property tax rate to other counties in Maine and the national median. For comparison, the 04468 zip code has the highest median property tax rate of 1.09%, while the 04468 zip code also has the lowest median tax rate of 1.09%. Understanding how these areas compare with Argyle Twp provides valuable insights into the varying tax landscape across Penobscot, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Argyle Twp Tax Rate
0.83%
Average Penobscot County Tax Rate
1.92%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Argyle Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04468 | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Argyle Twp, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Argyle Township, 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 local 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 Argyle Township, 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 Argyle Township stands at $115,925. The tax bill for the 25th percentile is $673, while the 75th percentile sees a tax bill of $1,302. The 90th percentile tax bill reaches $1,753. Interestingly, the zip code 04468 has both the highest and lowest median tax bill at $958. 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 the tax burden.
Average Argyle Twp Assessed Value
$115,925
Average Penobscot County Assessed Value
$141,580
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Argyle Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04468 | $41,158 | $81,505 | $115,925 | $157,568 | $212,220 |
Source: Ownwell
Property Tax Bills Across Argyle Twp, Maine
In ARGYLE TWP, 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 and reflects the market value of the property. For example, the median home price in ARGYLE TWP is $115,925. This value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, thus affecting the tax bill. In ARGYLE TWP, the tax bills vary significantly, with the 25th percentile at $673 and the 75th percentile at $1302. The 90th percentile tax bill reaches $1753, indicating a wide range of property values and tax burdens within the area. Comparatively, the median tax bill in ARGYLE TWP stands at $958, which is below the national median property tax rate of 0.99%. This can be a relief for homeowners, as it suggests a relatively lower property tax burden compared to other regions.
Average Argyle Twp Tax Bill
$958
Average Penobscot County Tax Bill
$2,548
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Argyle Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04468 | $340 | $673 | $958 | $1,302 | $1,753 |
Source: Ownwell