Dallas Plt, Franklin County, Maine Property Taxes
The median property tax rate in DALLAS PLT, ME is 0.76%, which is considerably lower than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in DALLAS PLT at $231,780, the typical annual property tax bill reaches $1,756, significantly below the national median of $2,690. Property taxes in DALLAS 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 DALLAS 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 DALLAS 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
Dallas Plt, Franklin County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$1,762
$1,635
Ownwell’s DALLAS PLT Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in DALLAS PLT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DALLAS 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 Dallas Plt, Franklin County, Maine
Property taxes in DALLAS PLT, ME, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in DALLAS PLT is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within DALLAS PLT set these rates annually, and they can vary significantly across different neighborhoods. Each year, DALLAS 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 DALLAS PLT's effective property tax rate to other counties in Maine and the national median. For comparison, the 04970 zip code has the highest median property tax rate of 0.76%, while the 04970 zip code also has the lowest median tax rate of 0.76%. Understanding how these areas compare with DALLAS PLT provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dallas Plt Tax Rate
0.76%
Average Franklin County Tax Rate
1.80%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dallas Plt, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04970 | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Dallas Plt, Franklin County, Maine
In DALLAS 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 Franklin 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 DALLAS 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 DALLAS PLT helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 04970 has both the highest and lowest median tax bills at $1,756, compared to the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Dallas Plt, Franklin County, Maine
Source: Ownwell
$26,240
$129,348
$232,455
Average Dallas Plt Assessed Value
$231,780
Average Franklin County Assessed Value
$119,100
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dallas Plt, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04970 | $102,378 | $152,280 | $231,780 | $278,558 | $397,049 |
Source: Ownwell
Property Tax Bills Across Dallas Plt, Franklin County, Maine
In DALLAS PLT, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Franklin County. The assessed value is determined by the local assessor and is meant to reflect the market value of the property. To calculate the tax bill, the assessed value is multiplied by the tax rate. For instance, if a home is assessed at $231,780, the tax bill would be a percentage of this value according to the local rate. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in DALLAS PLT can expect varying tax bills, with the 25th percentile at $1,154 and the 75th percentile reaching $2,123. The highest tax bills can go up to $3,197, reflecting the upper range of property values and tax rates in the area. These taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Dallas Plt Tax Bill
$1,756
Average Franklin County Tax Bill
$1,981
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Dallas Plt, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04970 | $776 | $1,154 | $1,756 | $2,123 | $3,197 |
Source: Ownwell