Dixmont, Maine Property Taxes
The median property tax rate in Dixmont, ME is 1.30%, considerably higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With the median home value in Dixmont at $131,550, the typical annual property tax bill reaches $1,710, which is below the national median of $2,690. Property taxes in Dixmont 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 Dixmont'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 Dixmont or another part of Penobscot County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dixmont, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,710
Ownwell's Dixmont Property Tax Bill Calculator is designed to assist homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Dixmont with just two data points. Simply input your property's estimated assessed value, and the calculator will use the median tax rate in Dixmont to provide an estimate of your property tax bill. This valuable tool helps you gauge potential tax obligations. For those curious about neighborhood-level trends, additional localized information is available below. Your property's assessed value is determined by the county for tax purposes and takes into account any applicable exemptions.
Property Tax Rates Across Dixmont, Maine
Property taxes in Dixmont, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dixmont is 1.30%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Dixmont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dixmont 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 Dixmont's effective property tax rate to other counties in Maine and the national median. For comparison, the zip code 04932 has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Dixmont 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 Dixmont Tax Rate
1.30%
Average Penobscot County Tax Rate
1.92%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dixmont, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04932 | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Dixmont, Maine
In Dixmont, 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 Dixmont, 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 Dixmont is $131,550, with tax bills ranging from $1,132 at the 25th percentile to $3,449 at the 90th percentile. Notably, the highest and lowest median tax bills both occur in the 04932 zip code, each at $1,710. 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 Dixmont Assessed Value
$131,550
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 Dixmont, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04932 | $53,384 | $87,080 | $131,550 | $188,340 | $265,318 |
Source: Ownwell
Property Tax Bills Across Dixmont, Maine
In Dixmont, located in Penobscot 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 town's assessor and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $131,550, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as property improvements, neighborhood changes, and market fluctuations can influence the assessed value, thereby affecting the tax bill. For example, tax bills in the 25th percentile are around $1,132, while those in the 75th percentile reach up to $2,448. In some cases, homeowners might see tax bills as high as $3,449, which is in the 90th percentile. Understanding these factors is crucial for homeowners to anticipate their financial responsibilities and plan accordingly.
Average Dixmont Tax Bill
$1,710
Average Penobscot County Tax Bill
$2,548
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Dixmont, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04932 | $694 | $1,132 | $1,710 | $2,448 | $3,449 |
Source: Ownwell