Jonesboro, Maine Property Taxes
The median property tax rate in Jonesboro, ME is 1.65%, significantly higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Jonesboro at $99,900, the typical annual property tax bill reaches $1,648, which is below the national median of $2,690. Property taxes in Jonesboro 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 Jonesboro'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 Jonesboro 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
Jonesboro, Maine Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$3,140
Ownwell’s Jonesboro Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Jonesboro. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Jonesboro to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Jonesboro, Maine
Property taxes in Jonesboro, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jonesboro is 1.65%, significantly higher than the U.S. national median of 0.99%. Local government entities within Jonesboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jonesboro 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 Jonesboro's effective property tax rate to other areas in Washington County and the national median. For comparison, the 04648 zip code has the highest median property tax rate of 1.65%, while the 04648 zip code also has the lowest median tax rate of 1.65%. Understanding how these areas compare with Jonesboro 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 Jonesboro Tax Rate
1.65%
Average Washington County Tax Rate
1.70%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jonesboro, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04648 | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Jonesboro, Maine
In Jonesboro, 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 Jonesboro, 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 Jonesboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 04648 has the highest and lowest median tax bill at $1,648, reflecting the uniformity in tax assessments within the area.
Average Jonesboro Assessed Value
$99,900
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 Jonesboro, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04648 | $43,100 | $63,950 | $99,900 | $130,850 | $177,340 |
Source: Ownwell
Property Tax Bills Across Jonesboro, Maine
In Jonesboro, property tax bills are determined by multiplying the property's assessed value by the local tax rate. The assessed value is typically a percentage of the market value, which is influenced by various factors such as location, property size, and condition. For example, the median home price in Jonesboro is $99,900. Homeowners in Jonesboro can expect their tax bills to vary significantly. The 25th percentile tax bill is around $1,055, while those at the 75th percentile pay approximately $2,160. At the higher end, the 90th percentile tax bill reaches $2,926. These variations illustrate how property values and local tax rates impact the financial burden on homeowners. Comparatively, Jonesboro's median tax bill aligns closely with the national median property tax rate of 0.99%, making it a critical consideration for current and prospective homeowners in the area. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Jonesboro Tax Bill
$1,648
Average Washington County Tax Bill
$1,700
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Jonesboro, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04648 | $712 | $1,055 | $1,648 | $2,160 | $2,926 |
Source: Ownwell