Caribou, Aroostook County, Maine Property Taxes

Name: Property Tax Bills Across Caribou, Aroostook County, Maine
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Caribou, ME effective property tax rate: 2.35%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Caribou, ME home value: $82,700
Median annual Caribou, ME tax bill: $1,933, $467 lower than the national median property tax bill of $2,400.

How are property taxes in Aroostook calculated?

Property taxes in Caribou, ME are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Caribou’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Caribou, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Caribou, Aroostook County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.35%

Estimate Property Tax Bill

$1,943

$1,803

Ownwell’s Caribou Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Caribou with just two data points. By entering your property's estimated assessed value, our calculator applies Caribou’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Aroostook County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Caribou, Aroostook County, Maine

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their budgets to provide essential services, dividing this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play roles in setting these rates and budgets, this is the basic annual process.

Caribou in Aroostook County, Maine, presents an interesting case when examining property tax rates. The effective property tax rate in Caribou stands at 2.35%, which is the highest in the state. This rate is considerably higher than the national median property tax rate of 1.02%. In comparison, the national median property tax bill is around $2,400. Caribou’s rate underscores the significant variation that can occur within different regions of the same state. This comparison highlights the importance of understanding local tax rates, as they can greatly impact property owners' financial responsibilities.

Property Tax Rates Across Caribou, Aroostook County, Maine

Source: Ownwell

0.28%

1.66%

3.04%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Caribou Tax Rate

2.35%

Median Effective Aroostook County Tax Rate

2.26%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Caribou, Aroostook County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04736	2.35%	2.35%	2.35%	2.36%	2.36%

Source: Ownwell

Property Tax Assessment Values Across Caribou, Aroostook County, Maine

When examining property taxes in Caribou, ME, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Aroostook County estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Aroostook County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Caribou. For example, the median home price in Caribou is $82,700, with tax bills ranging significantly across the county. 04736 has the highest median home price at $82,700.

Property Tax Assessment Values Across Caribou, Aroostook County, Maine

Source: Ownwell

$38,785

$97,618

$156,450

Median Caribou Market Value

$82,700

Median Aroostook County Market Value

$86,999

Median Maine Market Value

$204,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Caribou, Aroostook County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04736	$39,490	$60,500	$82,700	$119,025	$173,510

Source: Ownwell

Property Tax Bills Across Caribou, Aroostook County, Maine

In Caribou, located in Aroostook County, ME, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the home's size, location, and condition can influence its assessed value, impacting the overall tax bill. Homeowners in Caribou face a median tax bill of $1,933, which is below the national median of $2,400. However, depending on the property's specifics, tax bills can range significantly, from $1,408 at the 25th percentile to $4,062 at the 90th percentile.

For homeowners seeking to reduce their property tax burden, Ownwell offers valuable assistance. By providing expert property tax appeal and exemption services, Ownwell helps ensure that homeowners are not overpaying. By analyzing local market trends and identifying discrepancies in assessments, Ownwell can effectively lower property tax bills, providing significant savings and peace of mind to Caribou homeowners.

Property Tax Bills Across Caribou, Aroostook County, Maine

Source: Ownwell

$223

$1,405

$2,587

Median Caribou Tax Bill

$1,933

Median Aroostook County Tax Bill

$1,771

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Caribou, Aroostook County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04736	$914	$1,408	$1,933	$2,780	$4,062

Source: Ownwell