Brookton, Maine Property Taxes
The median property tax rate in Brookton, ME is 0.85%, which is lower than both the national median of 0.99% and the Maine state median of 1.57%. With a median home value of $103,500 in Brookton, the typical annual property tax bill is around $880, significantly below the national median of $2,690. Property taxes in Brookton 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 Brookton'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 Brookton or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brookton, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$880
Ownwell’s Brookton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brookton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brookton 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 Brookton, Maine
Property taxes in Brookton, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brookton is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Brookton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brookton 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 Brookton's effective property tax rate to other areas in Maine and the national median. For comparison, the zip code 04413 has the same median property tax rate of 0.85%. Understanding how these areas compare with Brookton provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brookton Tax Rate
0.85%
Average Washington County Tax Rate
1.70%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brookton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04413 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Brookton, Maine
In Brookton, 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 Washington 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 Brookton, 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 Brookton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 04413 has the highest and lowest median tax bill at $880.
Average Brookton Assessed Value
$103,500
Average Washington County Assessed Value
$97,800
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brookton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04413 | $41,424 | $67,420 | $103,500 | $170,900 | $236,542 |
Source: Ownwell
Property Tax Bills Across Brookton, Maine
In Brookton, Washington County, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local tax assessor and reflects the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $103,500, the tax bill can vary significantly. Homeowners in Brookton can expect to pay between $573 at the 25th percentile and $2,010 at the 90th percentile. Factors such as property size, location, and condition all play a role in determining the assessed value, which directly impacts the tax bill. Compared to the national median property tax rate of 0.99%, Brookton's tax bills reflect the local economic conditions and funding needs. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Brookton Tax Bill
$880
Average Washington County Tax Bill
$1,700
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Brookton, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04413 | $352 | $573 | $880 | $1,453 | $2,010 |
Source: Ownwell