Linneus, Maine Property Taxes
The median property tax rate in Linneus, ME is 0.71%, significantly lower than both the national median of 0.99% and the Maine state median of 1.57%. With a median home value of $38,710 in Linneus, the typical annual property tax bill is $273, which is well below the national median of $2,690. Property taxes in Linneus are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Linneus'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 Linneus or another part of Aroostook County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Linneus, Maine Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$3,140
Ownwell’s Linneus Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Linneus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Linneus to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Linneus, Maine
Property taxes in Linneus, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Linneus is 1.09%, higher than both the Maine state median of 1.09% and the U.S. national median of 0.99%. Local government entities within Linneus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Linneus 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 Linneus's effective property tax rate to other counties in Maine and the national median. For comparison, the 04730 zip code has the highest median property tax rate of 1.09%, while the 04730 zip code has the lowest median tax rate of 1.09%. Understanding how these cities compare with Linneus 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 Linneus 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 Linneus, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04730 | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Linneus, Maine
In Linneus, 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 Linneus, 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 Linneus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Linneus are both $273, found in the 04730 zip code.
Average Linneus Assessed Value
$38,710
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 Linneus, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04730 | $38,710 | $38,710 | $38,710 | $38,710 | $38,710 |
Source: Ownwell
Property Tax Bills Across Linneus, Maine
In Linneus, located in Aroostook County, ME, property tax bills are calculated based on the assessed value of your home. The median home price in Linneus is $38,710, and the property tax rate is applied to this assessed value to determine your tax bill. Factors such as property size, location, and any improvements made to the home can influence the assessed value. Interestingly, the property tax bills in Linneus show a consistent pattern, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $273. This uniformity indicates a stable tax environment for homeowners. Compared to the national median property tax rate of 0.99%, Linneus offers a relatively low and predictable tax burden, making it an attractive option for homeowners looking for affordability. As a result, homeowners in Linneus can enjoy the benefits of lower property taxes, which can significantly reduce the overall cost of homeownership and make budgeting more manageable.
Average Linneus Tax Bill
$273
Average Aroostook County Tax Bill
$1,771
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Linneus, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04730 | $273 | $273 | $273 | $273 | $273 |
Source: Ownwell