West Baldwin, Maine Property Taxes
The median property tax rate in West Baldwin, ME is 1.24%, which is higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in West Baldwin at $181,350, the typical annual property tax bill reaches $2,254, slightly below the national median of $2,690. Property taxes in West Baldwin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of West Baldwin'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 West Baldwin or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
West Baldwin, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$2,249
Ownwell’s West Baldwin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Baldwin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Baldwin 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 West Baldwin, Maine
Property taxes in West Baldwin, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Baldwin is 1.24%, higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within West Baldwin set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Baldwin 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 West Baldwin's effective property tax rate to other counties in Maine and the national median. For comparison, the 04091 zip code has the highest median property tax rate of 1.24%, while the 04091 zip code has the lowest median tax rate of 1.24%. Understanding how these cities compare with West Baldwin provides valuable insights into the varying tax landscape across Cumberland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average West Baldwin Tax Rate
1.24%
Average Cumberland County Tax Rate
1.52%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Baldwin, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04091 | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across West Baldwin, Maine
In West Baldwin, 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 Cumberland 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 West Baldwin, 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 West Baldwin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $181,350, with tax bills ranging from $1,687 at the 25th percentile to $3,507 at the 90th percentile. The zip code 04091 has both the highest and lowest median tax bill at $2,254.
Average West Baldwin Assessed Value
$181,350
Average Cumberland County Assessed Value
$319,900
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across West Baldwin, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04091 | $80,220 | $135,800 | $181,350 | $226,525 | $282,380 |
Source: Ownwell
Property Tax Bills Across West Baldwin, Maine
In West Baldwin, Cumberland County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $181,350, homeowners can expect varying tax bills depending on their property's assessed value and specific tax rate. Several factors influence the assessed value, including the property's market value, location, and any improvements or renovations made. In West Baldwin, the 25th percentile tax bill is around $1,687, while the 75th percentile reaches up to $2,848. For those at the 90th percentile, tax bills can soar to $3,507. These property taxes significantly impact homeowners, as they form a substantial part of annual expenses. Comparing this to the national median property tax rate of 0.99%, West Baldwin's tax bills reflect the local economic conditions and funding requirements for public services.
Average West Baldwin Tax Bill
$2,254
Average Cumberland County Tax Bill
$4,856
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across West Baldwin, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04091 | $996 | $1,687 | $2,254 | $2,848 | $3,507 |
Source: Ownwell