Connor Twp, Maine Property Taxes
The median property tax rate in Connor Township, ME is 0.71%, which is notably lower than both the national median of 0.99% and Maine's state median of 1.57%. With a median home value of $144,070 in Connor Township, the typical annual property tax bill amounts to $1,018, significantly less than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Connor Township's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Connor Township or another part of Aroostook County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Connor Twp, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$1,023
Ownwell’s Connor TWP Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Connor TWP with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Connor TWP 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 Connor Twp, Maine
Property taxes in Connor Twp, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Connor Twp is 0.71%, lower than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Connor Twp set these rates annually, and they can vary significantly across different neighborhoods. Each year, Connor Twp 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 Connor Twp's effective property tax rate to other counties in Maine and the national median. For comparison, the 04736 zip code has the highest median property tax rate of 0.71%, while the 04736 zip code also has the lowest median tax rate of 0.71%. Understanding how these cities compare with Connor Twp provides valuable insights into the varying tax landscape across Aroostook County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Connor Twp Tax Rate
0.71%
Average Aroostook County Tax Rate
2.26%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Connor Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04736 | 0.70% | 0.70% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Connor Twp, Maine
In Connor Township, 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 Aroostook 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 Connor Township, 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. In Connor Township, the highest median tax bill is $1018 in the 04736 zip code, while the lowest median tax bill is also $1018 in the same zip code. 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 Connor Township helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Connor Twp Assessed Value
$144,070
Average Aroostook County Assessed Value
$86,999
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Connor Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04736 | $56,007 | $101,945 | $144,070 | $190,220 | $241,089 |
Source: Ownwell
Property Tax Bills Across Connor Twp, Maine
In Connor Township, located in Aroostook County, ME, property tax bills are calculated based on the assessed value of a home. The median home price in Connor Township is $144,070. The local tax rate is applied to this assessed value to determine the annual property tax bill. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in Connor Township experience a range of tax bills. For instance, those in the 25th percentile pay around $727, while those in the 75th percentile pay approximately $1,376. At the higher end, the 90th percentile tax bill reaches $1,730. These figures indicate that property taxes can significantly vary depending on the specific characteristics of each home. The impact on homeowners can be substantial, as property taxes are a recurring expense that must be budgeted for annually. Compared to the national median property tax rate of 0.99%, the tax bills in Connor Township reflect the unique assessment practices and property values of the region.
Average Connor Twp Tax Bill
$1,018
Average Aroostook County Tax Bill
$1,771
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Connor Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04736 | $394 | $727 | $1,018 | $1,376 | $1,730 |
Source: Ownwell