Mattamiscontis Twp, Maine Property Taxes
The median property tax rate in Mattamiscontis Twp, ME is 0.83%, which is lower than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Mattamiscontis Twp at $218,890, the typical annual property tax bill amounts to $1,808, falling below the national median of $2,690. Property taxes in Mattamiscontis Twp are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Familiarizing yourself with Mattamiscontis 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 Mattamiscontis Twp 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
Mattamiscontis 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 Mattamiscontis Twp Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mattamiscontis Twp with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mattamiscontis 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 Mattamiscontis Twp, Maine
Property taxes in Mattamiscontis 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 Mattamiscontis TWP is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Mattamiscontis TWP set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mattamiscontis 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 Mattamiscontis TWP's effective property tax rate to other areas in Maine and the national median. For comparison, the zip code 04457 has both the highest and the lowest median property tax rate of 0.83%. Understanding how these areas compare with Mattamiscontis 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 Mattamiscontis 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 Mattamiscontis Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04457 | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Mattamiscontis Twp, Maine
In Mattamiscontis 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 Mattamiscontis 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 Mattamiscontis Twp helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest and lowest median tax bills in the area are both $1,808, found in the zip code 04457. The tax bill for the 25th percentile is $1,322, the 75th percentile is $2,251, and the 90th percentile is $2,901.
Property Tax Assessment Values Across Mattamiscontis Twp, Maine
Source: Ownwell
$5,800
$226,050
$446,300
Average Mattamiscontis Twp Assessed Value
$218,890
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 Mattamiscontis Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04457 | $119,448 | $160,140 | $218,890 | $261,045 | $317,462 |
Source: Ownwell
Property Tax Bills Across Mattamiscontis Twp, Maine
Property tax bills in Mattamiscontis Township, Penobscot County, ME are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor and reflects the market value of the property. The tax rate is applied to this assessed value to determine the annual tax bill. In Mattamiscontis Township, homeowners can expect varying tax bills depending on the value of their property. For instance, the 25th percentile tax bill is approximately $1,322, while the 75th percentile tax bill reaches around $2,251. The highest median tax bill recorded in the area is $1,808, which is relatively high when compared to the national median property tax rate of 0.99%. These property taxes significantly impact homeowners, influencing their overall cost of living and potentially affecting property values. Higher tax bills can be a burden for some, but they also contribute to essential public services such as education, infrastructure, and emergency services in the community.
Average Mattamiscontis Twp Tax Bill
$1,808
Average Penobscot County Tax Bill
$2,548
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Mattamiscontis Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04457 | $986 | $1,322 | $1,808 | $2,251 | $2,901 |
Source: Ownwell