Bath, Maine Property Taxes
The median property tax rate in Bath, ME is 1.69%, significantly higher than both the national median of 0.99% and the Maine state median of 1.57%. With a median home value of $223,200 in Bath, the typical annual property tax bill reaches $3,732, surpassing the national median of $2,690. Property taxes in Bath 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 Bath'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 Bath 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
Bath, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.69%
Estimate Property Tax Bill
$3,772
Ownwell’s Bath Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bath with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bath 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 Bath, Maine
Property taxes in Bath, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bath is 1.69%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bath set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bath 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 Bath's effective property tax rate to other counties in Maine and the national median. For comparison, the 04530 zip code has the highest median property tax rate of 1.69%, while the same zip code also has the lowest median tax rate of 1.69%. Understanding how these cities compare with Bath provides valuable insights into the varying tax landscape across Sagadahoc County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bath Tax Rate
1.69%
Average Sagadahoc County Tax Rate
1.54%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bath, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04530 | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Bath, Maine
In Bath, 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 Sagadahoc 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 Bath, 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 Bath helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bath is $223,200, with tax bills ranging from $2,929 at the 25th percentile to $7,168 at the 90th percentile. The highest and lowest median tax bills, both at $3,732, are found in the 04530 zip code.
Average Bath Assessed Value
$223,200
Average Sagadahoc County Assessed Value
$236,900
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bath, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04530 | $141,250 | $174,800 | $223,200 | $298,925 | $438,900 |
Source: Ownwell
Property Tax Bills Across Bath, Maine
In Bath, located in Sagadahoc 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 Bath is $223,200. To determine the tax bill, the assessed value is multiplied by the local tax rate, which aligns with the county's regulations. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value, impacting the final tax bill. For homeowners in Bath, property tax bills can vary significantly. At the 25th percentile, the tax bill is approximately $2,929, while at the 75th percentile, it rises to around $4,975. For those at the 90th percentile, the tax bill can be as high as $7,168. These figures highlight the variability in property tax obligations, which can affect homeowners' financial planning and budgeting. Notably, Bath's highest and lowest median tax bills are both $3,732, indicating a consistent median tax burden within the region. This consistency provides a predictable framework for homeowners, aligning closely with the national median property tax rate of 0.99%.
Average Bath Tax Bill
$3,732
Average Sagadahoc County Tax Bill
$3,525
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Bath, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04530 | $2,374 | $2,929 | $3,732 | $4,975 | $7,168 |
Source: Ownwell