Carrabassett Valley, Franklin County, Maine Property Taxes

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

Median Carrabassett Valley, ME effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Carrabassett Valley, ME home value: $225,500
Median annual Carrabassett Valley, ME tax bill: $1,714, $686 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

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

Last Updated March 1, 2025

Carrabassett Valley, Franklin County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.76%

Estimate Property Tax Bill

$1,714

$1,590

Ownwell’s Carrabassett Valley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carrabassett Valley with just two data points. By entering your property's estimated assessed value, our calculator applies Carrabassett Valley’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 Franklin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Carrabassett Valley, Franklin County, Maine

Local government entities set tax rates, which can vary widely within a state. This variability is due to each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Carrabassett Valley, located in Franklin County, the effective property tax rate is 0.76%. This rate is the same across the entire county, offering consistency for property owners. When compared to the national median property tax rate of 1.02%, Carrabassett Valley's rate is notably lower, providing a more affordable property tax environment. This can be particularly appealing for property owners seeking lower tax liabilities. Additionally, the median property tax bill in Carrabassett Valley is also below the national median of $2,400, making it an attractive location for those looking to manage their property expenses effectively.

Property Tax Rates Across Carrabassett Valley, Franklin County, Maine

Source: Ownwell

0.58%

1.44%

2.30%

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 Carrabassett Valley Tax Rate

0.76%

Median Effective Franklin County Tax Rate

1.80%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Carrabassett Valley, Franklin County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04947	0.76%	0.76%	0.76%	0.76%	0.76%

Source: Ownwell

Property Tax Assessment Values Across Carrabassett Valley, Franklin County, Maine

When examining property taxes in Carrabassett Valley, 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 Franklin County appraisal district 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 Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Carrabassett Valley. For example, the median home price in Carrabassett Valley is $225,500, with tax bills ranging significantly across the county. 04947 has the highest median home price at $225,500.

Property Tax Assessment Values Across Carrabassett Valley, Franklin County, Maine

Source: Ownwell

$26,240

$129,348

$232,455

Median Carrabassett Valley Market Value

$225,500

Median Franklin County Market Value

$119,100

Median Maine Market Value

$204,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Carrabassett Valley, Franklin County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04947	$108,600	$162,000	$225,500	$308,000	$430,000

Source: Ownwell

Property Tax Bills Across Carrabassett Valley, Franklin County, Maine

In Carrabassett Valley, located in Franklin County, ME, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor. This value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and market conditions can influence the assessed value. The median home price in Carrabassett Valley is $225,500, and homeowners here typically pay a median tax bill of $1,714, which is below the national median of $2,400. However, tax bills can vary significantly, with some residents paying as little as $1,231 or as much as $3,358, depending on their property's assessed value and other factors. For homeowners looking to reduce their property tax burden, Ownwell offers expert property tax appeal and exemption services. By reviewing your property assessment and identifying potential discrepancies, Ownwell can help ensure that you are not overpaying on your property taxes, potentially leading to significant savings.

Property Tax Bills Across Carrabassett Valley, Franklin County, Maine

Source: Ownwell

$604

$1,596

$2,588

Median Carrabassett Valley Tax Bill

$1,714

Median Franklin County Tax Bill

$1,981

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Carrabassett Valley, Franklin County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04947	$826	$1,231	$1,714	$2,343	$3,358

Source: Ownwell