Marion Twp, Maine Property Taxes
The median property tax rate in MARION TWP, ME is 0.85%, which is lower than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in MARION TWP at $144,165, the typical annual property tax bill is $1,226, falling below the national median of $2,690. Property taxes in MARION TWP are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding MARION TWP'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 MARION TWP 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
Marion Twp, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$1,225
Ownwell’s Marion Township Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marion Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marion Township 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 Marion Twp, Maine
Property taxes in Marion Township, Maine, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Marion Township is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Marion Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marion Township 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 Marion Township's effective property tax rate to other counties in Maine and the national median. For comparison, the zip code 04628 has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Marion Township 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 Marion Twp 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 Marion Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04628 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Marion Twp, Maine
In Marion Township, ME, 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 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. 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 Marion Township helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Marion Township, the highest median tax bill is $1,226 in zip code 04628, and the lowest median tax bill is also $1,226 in the same zip code.
Average Marion Twp Assessed Value
$144,165
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 Marion Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04628 | $33,525 | $80,272 | $144,165 | $235,322 | $406,051 |
Source: Ownwell
Property Tax Bills Across Marion Twp, Maine
In Marion Township, 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 is meant to reflect the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Marion Township, the median home price is $144,165. Property tax bills can vary significantly, with the 25th percentile paying around $682 annually, while those in the 75th percentile face bills up to $2000. At the higher end, the 90th percentile sees tax bills as steep as $3451. These property taxes can have a substantial impact on homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Marion Township’s tax rates can either be a burden or a manageable expense depending on the assessed value of the property and the specific tax rate applied.
Average Marion Twp Tax Bill
$1,226
Average Washington County Tax Bill
$1,700
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Marion Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04628 | $285 | $682 | $1,226 | $2,000 | $3,451 |
Source: Ownwell