Long A Twp, Maine Property Taxes
The median property tax rate in Long A Twp, ME is 0.83%, considerably lower than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Long A Twp at $152,380, the typical annual property tax bill reaches $1,259, significantly below the national median of $2,690. Property taxes in Long A Twp 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 Long A 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 Long A 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
Long A Twp, 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 LONG A TWP Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LONG A TWP with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LONG A 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 Long A Twp, Maine
Property taxes in Long A Twp, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Long A Twp is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Long A Twp set these rates annually, and they can vary significantly across different neighborhoods. Each year, Long A 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 Long A Twp's effective property tax rate to other areas in Maine and the national median. For comparison, the zip code 04462 has both the highest and lowest median property tax rate of 0.83%. Understanding how these cities compare with Long A Twp 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 Long A 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 Long A Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04462 | 0.83% | 0.83% | 0.83% | 0.83% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Long A Twp, Maine
In Long A Twp, 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 Long A Twp, 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. Being aware of these valuation processes in Long A Twp helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Long A Twp are both $1,259, found in the 04462 zip code.
Average Long A Twp Assessed Value
$152,380
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 Long A Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04462 | $79,956 | $84,550 | $152,380 | $212,835 | $232,122 |
Source: Ownwell
Property Tax Bills Across Long A Twp, Maine
In Long A Township, located in Penobscot County, ME, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property’s market value. Homeowners in this region experience a range of property tax bills, influenced by factors such as property size, location, and market conditions. For instance, the tax bill at the 25th percentile is $729, while at the 75th percentile, it rises to $1758, and the 90th percentile sees a tax bill of $1917. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. In Penobscot County, the median home price is $152,380, influencing the overall tax calculation. Homeowners in Long A Township should be aware that their property taxes directly impact their annual expenses, making it essential to understand how these taxes are assessed and how they can fluctuate based on various factors.
Average Long A Twp Tax Bill
$1,259
Average Penobscot County Tax Bill
$2,548
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Long A Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04462 | $697 | $729 | $1,259 | $1,758 | $1,917 |
Source: Ownwell