Dover Foxcroft, Maine Property Taxes
The median property tax rate in Dover Foxcroft, ME is 2.00%, significantly higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Dover Foxcroft at $109,000, the typical annual property tax bill reaches $2,178, which is below the national median of $2,690. Property taxes in Dover Foxcroft are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dover Foxcroft'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 Dover Foxcroft 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
Dover Foxcroft, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2%
Estimate Property Tax Bill
$2,180
Ownwell’s Dover Foxcroft Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dover Foxcroft with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dover Foxcroft 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 Dover Foxcroft, Maine
Property taxes in Dover Foxcroft, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dover Foxcroft is 2.00%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Dover Foxcroft set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dover Foxcroft 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 Dover Foxcroft'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 2.00%, while the same zip code also has the lowest median tax rate of 2.00%. Understanding how these cities compare with Dover Foxcroft 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 Dover Foxcroft Tax Rate
2.00%
Average Piscataquis County Tax Rate
2.00%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dover Foxcroft, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04426 | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Dover Foxcroft, Maine
In Dover Foxcroft, 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 local 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 Dover Foxcroft, 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. For instance, the median home price in the area is $109,000, with tax bills ranging from $1,562 at the 25th percentile to $4,015 at the 90th percentile. The zip code 04426 has the highest median tax bill at $2,178. 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 Dover Foxcroft helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dover Foxcroft Assessed Value
$109,000
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 Dover Foxcroft, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04426 | $42,280 | $78,400 | $109,000 | $149,200 | $201,320 |
Source: Ownwell
Property Tax Bills Across Dover Foxcroft, Maine
In Dover Foxcroft, located in Piscataquis County, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners can expect a median tax bill of $2,178, which is determined by multiplying the assessed value of their property by the local tax rate. This rate is set by local government authorities and can fluctuate based on budgetary needs and public services funding. The assessed value of a property is influenced by various factors such as market conditions, property size, and improvements made to the home. For example, a home with a median market price of $109,000 will have its tax bill calculated accordingly. Homeowners in the 25th percentile can expect to pay around $1,562, while those in the 75th percentile might see bills up to $2,980. At the 90th percentile, tax bills can reach approximately $4,015. These taxes play a crucial role in funding local services, including schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Dover Foxcroft Tax Bill
$2,178
Average Piscataquis County Tax Bill
$1,766
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Dover Foxcroft, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04426 | $844 | $1,562 | $2,178 | $2,980 | $4,015 |
Source: Ownwell