Atkinson, Maine Property Taxes
The median property tax rate in Atkinson, ME is 0.68%, significantly lower than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Atkinson at $117,125, the typical annual property tax bill is $800, which is well below the national median of $2,690. Property taxes in Atkinson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Atkinson's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Atkinson or another part of Piscataquis County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Atkinson, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$796
Ownwell’s Atkinson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Atkinson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Atkinson 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 Atkinson, Maine
Property taxes in Atkinson, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atkinson is 0.68%, lower than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Atkinson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atkinson 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 Atkinson's effective property tax rate to other counties in Maine and the national median. For comparison, the 04426 zip code has the highest median property tax rate of 0.68%, while the 04426 zip code has the lowest median tax rate of 0.68%. Understanding how these cities compare with Atkinson provides valuable insights into the varying tax landscape across Piscataquis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atkinson Tax Rate
0.68%
Average Piscataquis County Tax Rate
2.00%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atkinson, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04426 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Atkinson, Maine
In Atkinson, 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 Piscataquis 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 Atkinson, 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 Atkinson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 04426 has the highest median tax bill at $800, which is also the lowest median tax bill in the area.
Average Atkinson Assessed Value
$117,125
Average Piscataquis County Assessed Value
$100,500
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atkinson, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04426 | $56,005 | $90,350 | $117,125 | $173,352 | $229,455 |
Source: Ownwell
Property Tax Bills Across Atkinson, Maine
In Atkinson, located in Piscataquis County, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Atkinson is $117,125, and homeowners can expect varying tax bills depending on several factors. The assessed value is determined by the local assessor's office, which considers the property's market value, location, and condition. The tax rate applied to the assessed value determines the final tax bill. In Atkinson, the 25th percentile tax bill is $617, while the 75th percentile tax bill reaches $1,184. The 90th percentile tax bill can go up to $1,568. These figures illustrate the range of property tax obligations homeowners might face, influenced by the property's assessed value and the specific tax rate in their area. Compared to the national median property tax rate of 0.99%, Atkinson homeowners experience a property tax environment that can significantly impact their annual financial planning. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Atkinson Tax Bill
$800
Average Piscataquis County Tax Bill
$1,766
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Atkinson, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04426 | $382 | $617 | $800 | $1,184 | $1,568 |
Source: Ownwell