Eustis, Franklin County, Maine Property Taxes
Median Eustis, ME effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Eustis, ME home value: $179,750
Median annual Eustis, ME tax bill: $1,712, $688 lower than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Eustis, 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 Eustis’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Eustis, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Eustis, Franklin County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$1,708
$1,585
Property Tax Rates Across Eustis, Franklin County, Maine
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 Eustis Tax Rate
0.95%
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 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 Eustis, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04936 | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Eustis, Franklin County, Maine
When examining property taxes in Eustis, Maine, 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.
In Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Eustis. For example, the median home price in Eustis is $179,750, with tax bills ranging significantly across the county. Zip code 04936 has the highest median home price at $179,750.
Property Tax Assessment Values Across Eustis, Franklin County, Maine
Source: Ownwell
$26,240
$129,348
$232,455
Median Eustis Market Value
$179,750
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 Eustis, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04936 | $103,100 | $132,025 | $179,750 | $247,225 | $334,510 |
Source: Ownwell
Property Tax Bills Across Eustis, Franklin County, Maine
Property tax bills in Eustis, located in Franklin County, Maine, are determined by assessing the market value of a property and applying the local tax rate. With a median home price of $179,750, property tax bills can vary significantly. While the 25th percentile tax bill is $1,254, the 75th percentile reaches $2,312, and the 90th percentile can soar to $3,207. These figures illustrate the range of property tax burdens homeowners may face, influenced by factors such as property size, location, and improvements. Compared to the national median property tax bill of $2,400, Eustis homeowners may find their tax obligations either below or above average, depending on their specific circumstances.
Ownwell offers expert property tax appeal and exemption services to help homeowners in Eustis reduce their tax bills. By analyzing property assessments and identifying potential discrepancies, Ownwell can assist in filing appeals, potentially lowering the assessed value and, consequently, the tax burden. This service ensures homeowners only pay their fair share, providing significant savings and peace of mind.
Median Eustis Tax Bill
$1,712
Median Franklin County Tax Bill
$1,981
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Eustis, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04936 | $980 | $1,254 | $1,712 | $2,312 | $3,207 |
Source: Ownwell