Brewer, Maine Property Taxes
The median property tax rate in Brewer, ME is 2.01%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Brewer, the typical annual property tax bill reaches $3,254, exceeding the national median of $2,690. Property taxes in Brewer 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 Brewer'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 Brewer 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
Brewer, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$3,156
Ownwell’s Brewer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brewer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brewer 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 Brewer, Maine
Property taxes in Brewer, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brewer is 2.01%, significantly higher than the U.S. national median of 0.99%. Local government entities within Brewer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brewer 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 Brewer's effective property tax rate to other areas in Maine and the national median. For comparison, the zip code 04412 within Brewer itself has the highest median property tax rate of 2.01%, which is also the lowest, as it is consistent across the city. Understanding how Brewer's tax rate compares to other regions provides valuable insights into the varying tax landscape across Penobscot County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brewer Tax Rate
2.01%
Average Penobscot County Tax Rate
1.92%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brewer, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04412 | 1.77% | 1.87% | 2.01% | 2.23% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Brewer, Maine
In Brewer, 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 Penobscot 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 Brewer, 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 Brewer is $157,000, with tax bills ranging from $2,497 at the 25th percentile to $6,452 at the 90th percentile. 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 Brewer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brewer Assessed Value
$157,000
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 Brewer, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04412 | $97,740 | $126,400 | $157,000 | $199,000 | $249,620 |
Source: Ownwell
Property Tax Bills Across Brewer, Maine
Property tax bills in Brewer, located in Penobscot County, ME, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is an estimate of the property's market value, which is periodically updated to reflect changes in the real estate market. Several factors influence the assessed value, including the property's location, size, and condition. In Brewer, the median home price stands at $157,000. Homeowners in the 25th percentile of tax bills pay around $2,497 annually, while those in the 75th percentile face bills of approximately $4,311. For the top 10% of homeowners, tax bills can soar up to $6,452. The highest median tax bill in the city is $3,254, which is significantly above the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, infrastructure, and emergency services. Consequently, higher tax bills can impact homeowners' monthly budgets, but they also contribute to the overall quality of life in Brewer.
Average Brewer Tax Bill
$3,254
Average Penobscot County Tax Bill
$2,548
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Brewer, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04412 | $1,872 | $2,497 | $3,254 | $4,311 | $6,452 |
Source: Ownwell