Nashville Plt, Maine Property Taxes
The median property tax rate in NASHVILLE PLT, ME is 0.28%, significantly lower than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in NASHVILLE PLT, the typical annual property tax bill is $223, which is well below the national median of $2,690. Property taxes in NASHVILLE PLT 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 NASHVILLE PLT'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 NASHVILLE PLT 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
Nashville Plt, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$227
Ownwell’s NASHVILLE PLT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NASHVILLE PLT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NASHVILLE PLT 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 Nashville Plt, Maine
Property taxes in NASHVILLE PLT, Maine, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in NASHVILLE PLT 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 NASHVILLE PLT set these rates annually, and they can vary significantly across different neighborhoods. Each year, NASHVILLE PLT 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 NASHVILLE PLT's effective property tax rate to other counties in Maine and the national median. For comparison, the highest median property tax rate in Aroostook County is 1.09%, while the lowest median tax rate is 1.09%. Understanding how these cities compare with NASHVILLE PLT 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 Nashville Plt Tax Rate
0.28%
Average Aroostook County Tax Rate
2.26%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nashville Plt, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04732 | 0.27% | 0.27% | 0.28% | 0.28% | 0.28% |
Source: Ownwell
Property Tax Assessment Values Across Nashville Plt, Maine
In NASHVILLE PLT, 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 local 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 NASHVILLE PLT, 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 NASHVILLE PLT helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 04732, with a median tax bill of $223.
Average Nashville Plt Assessed Value
$81,200
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 Nashville Plt, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04732 | $59,700 | $63,350 | $81,200 | $131,300 | $159,100 |
Source: Ownwell
Property Tax Bills Across Nashville Plt, Maine
In NASHVILLE PLT, ME, property tax bills are calculated based on the assessed value of the property, which is determined by local assessors. The assessed value is a percentage of the market value of the home, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $81,200, homeowners can expect a range of tax bills. The 25th percentile tax bill is $174, while the 75th percentile tax bill is $361, and the 90th percentile tax bill reaches $438. These figures reflect how property taxes can vary significantly within the same area, impacting homeowners differently based on their property's assessed value. Compared to the national median property tax rate of 0.99%, the tax rates in NASHVILLE PLT, ME, show a diverse range, highlighting the importance of understanding local tax assessments and rates. This variance can affect homeowners' financial planning and overall affordability of their properties.
Average Nashville Plt Tax Bill
$223
Average Aroostook County Tax Bill
$1,771
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Nashville Plt, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04732 | $164 | $174 | $223 | $361 | $438 |
Source: Ownwell