Whitneyville, Maine Property Taxes
The median property tax rate in Whitneyville, ME is 1.90%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Whitneyville at $66,200, the typical annual property tax bill reaches $1,258, exceeding the national median of $2,690. Property taxes in Whitneyville 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 Whitneyville'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 Whitneyville 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
Whitneyville, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.9%
Estimate Property Tax Bill
$1,258
Ownwell’s Whitneyville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Whitneyville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Whitneyville to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities. If you’re interested in exploring trends at a neighborhood level, scroll down to discover more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Whitneyville, Maine
Property taxes in Whitneyville, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitneyville is 1.90%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Whitneyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitneyville 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 Whitneyville's effective property tax rate to other counties in Maine and the national median. For comparison, the 04654 zip code has both the highest and lowest median property tax rate of 1.90%. Understanding how these cities compare with Whitneyville 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 Whitneyville Tax Rate
1.90%
Average Washington County Tax Rate
1.70%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitneyville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04654 | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Whitneyville, Maine
In Whitneyville, 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 Whitneyville, 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 Whitneyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Whitneyville, the median home price is $66,200, with the 25th percentile tax bill at $734 and the 75th percentile tax bill at $1,801. The highest and lowest median tax bill is $1,258 in zip code 04654.
Average Whitneyville Assessed Value
$66,200
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 Whitneyville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04654 | $22,290 | $38,600 | $66,200 | $94,750 | $120,460 |
Source: Ownwell
Property Tax Bills Across Whitneyville, Maine
In Whitneyville, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Whitneyville is $66,200. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, tax bills in Whitneyville range from $734 at the 25th percentile to $1,801 at the 75th percentile, with the 90th percentile reaching up to $2,289. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Whitneyville's tax bills reflect the local economic conditions and municipal budget requirements. Higher tax bills can significantly impact homeowners, affecting their overall financial planning and housing affordability. Understanding these factors can help homeowners anticipate their annual expenses and make informed decisions about property investments in Whitneyville.
Average Whitneyville Tax Bill
$1,258
Average Washington County Tax Bill
$1,700
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitneyville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04654 | $423 | $734 | $1,258 | $1,801 | $2,289 |
Source: Ownwell