Saint Albans, Maine Property Taxes
The median property tax rate in Saint Albans, ME is 1.68%, significantly higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Saint Albans at $115,150, the typical annual property tax bill reaches $1,929, which is below the national median of $2,690. Property taxes in Saint Albans are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Saint Albans' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Saint Albans or another part of Somerset County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Albans, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$1,935
Ownwell’s Saint Albans Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Albans with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Albans 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 Saint Albans, Maine
Property taxes in Saint Albans, Maine, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Albans is 1.68%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Saint Albans set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Albans 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 Saint Albans' effective property tax rate to other areas in Maine and the national median. For comparison, the zip code 04971 has the highest median property tax rate of 1.68%, while the same zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Saint Albans provides valuable insights into the varying tax landscape across Somerset County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Albans Tax Rate
1.68%
Average Somerset County Tax Rate
1.77%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Albans, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04971 | 1.67% | 1.67% | 1.68% | 1.68% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Saint Albans, Maine
In Saint Albans, 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 Somerset 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 Saint Albans, 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. The median home price in Saint Albans is $115,150, with tax bills ranging from the 25th percentile at $1,203 to the 90th percentile at $3,556. The zip code 04971 has both the highest and lowest median tax bill at $1,929. 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 Saint Albans helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Albans Assessed Value
$115,150
Average Somerset County Assessed Value
$105,900
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Albans, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04971 | $43,010 | $71,800 | $115,150 | $162,375 | $212,730 |
Source: Ownwell
Property Tax Bills Across Saint Albans, Maine
In Saint Albans, Somerset 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 Saint Albans is $115,150, with property tax rates influencing the final tax bill. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $1,203 and the 75th percentile reaching $2,720. The 90th percentile tax bill can go as high as $3,556. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. Factors such as property improvements, neighborhood developments, and changes in the local economy can affect the assessed value. These property taxes are crucial for funding local services like schools, infrastructure, and emergency services, directly impacting the community. For homeowners, understanding these factors and how they influence their property tax bills can help in better financial planning and potentially appealing for adjustments if discrepancies are found.
Average Saint Albans Tax Bill
$1,929
Average Somerset County Tax Bill
$1,837
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Albans, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04971 | $720 | $1,203 | $1,929 | $2,720 | $3,556 |
Source: Ownwell