Marshfield, Maine Property Taxes
The median property tax rate in Marshfield, ME is 1.80%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Marshfield, the typical annual property tax bill reaches $2,310, slightly below the national median of $2,690. Property taxes in Marshfield are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Marshfield'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 Marshfield 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
Marshfield, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$2,308
Ownwell’s Marshfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marshfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marshfield 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 Marshfield, Maine
Property taxes in Marshfield, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marshfield is 1.80%, significantly higher than the U.S. national median of 0.99%. Local government entities within Marshfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marshfield 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 Marshfield's effective property tax rate to other areas in Washington County and the national median. For comparison, the zip code 04654 has both the highest and lowest median property tax rate of 1.80%. Understanding how these areas compare with Marshfield 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 Marshfield Tax Rate
1.80%
Average Washington County Tax Rate
1.70%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marshfield, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04654 | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Marshfield, Maine
In Marshfield, 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 Marshfield, 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 Marshfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Marshfield is $2310 in the 04654 zip code, which is also the lowest median tax bill, reflecting a consistent tax environment across the area.
Average Marshfield Assessed Value
$128,200
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 Marshfield, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04654 | $57,250 | $94,675 | $128,200 | $162,925 | $211,400 |
Source: Ownwell
Property Tax Bills Across Marshfield, Maine
In Marshfield, 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 local assessors who evaluate the property’s market value. This assessed value is then multiplied by the tax rate set by the local government to calculate the annual tax bill. For example, with a median home price of $128,200, homeowners can expect varying tax bills depending on their property’s assessed value and specific circumstances. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. In Marshfield, the 25th percentile tax bill is $1,712, while the 75th percentile tax bill reaches $2,933, and the 90th percentile tax bill can go up to $3,805. These figures highlight the range of property tax obligations homeowners might face. Compared to the national median property tax rate of 0.99%, Marshfield's tax rates can significantly impact household budgets, making it crucial for homeowners to understand their tax assessments and explore potential exemptions.
Average Marshfield Tax Bill
$2,310
Average Washington County Tax Bill
$1,700
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Marshfield, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04654 | $1,030 | $1,712 | $2,310 | $2,933 | $3,805 |
Source: Ownwell