Strong, Franklin County, Maine Property Taxes
The median property tax rate in Strong, Maine is 1.58%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Strong, the typical annual property tax bill reaches $1,551, which is still below the national median of $2,690. Property taxes in Strong 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 Strong'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 Strong 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
Strong, Franklin County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$1,563
$1,450
Ownwell’s STRONG Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STRONG with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STRONG 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 Strong, Franklin County, Maine
Property taxes in Strong, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Strong is 1.58%, significantly higher than the U.S. national median of 0.99%. Local government entities within Strong set these rates annually, and they can vary significantly across different neighborhoods. Each year, Strong 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 Strong's effective property tax rate to other areas in Maine and the national median. For comparison, the zip code 04983 has the highest median property tax rate of 1.58%, while the lowest median tax rate in the same zip code is also 1.58%. Understanding how these areas compare with Strong 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 Strong Tax Rate
1.58%
Average Franklin County Tax Rate
1.80%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Strong, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04983 | 1.58% | 1.58% | 1.58% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Strong, Franklin County, Maine
In Strong, 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 Strong, 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. The median home price in Strong is $98,895, with the 25th percentile tax bill at $1,001 and the 75th percentile tax bill at $2,339. The highest median tax bill in the area is $1,551, found in the 04983 zip code, which also has the lowest median tax bill. By understanding 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 Strong helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Strong, Franklin County, Maine
Source: Ownwell
$26,240
$129,348
$232,455
Average Strong Assessed Value
$98,895
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 Strong, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04983 | $35,340 | $63,352 | $98,895 | $150,638 | $202,850 |
Source: Ownwell
Property Tax Bills Across Strong, Franklin County, Maine
In STRONG, located in Franklin County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in STRONG, the median home price is $98,895, and the property tax rate is crucial in determining their tax burden. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. In STRONG, the 25th percentile tax bill is $1,001, while the 75th percentile reaches $2,339, and the 90th percentile climbs to $3,198. This range highlights the variability in tax bills based on property assessments and applicable rates. Compared to the national median property tax rate of 0.99%, STRONG's rates can significantly affect homeowners' finances. Understanding these factors helps homeowners anticipate their annual tax obligations and plan accordingly.
Average Strong Tax Bill
$1,551
Average Franklin County Tax Bill
$1,981
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Strong, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04983 | $556 | $1,001 | $1,551 | $2,339 | $3,198 |
Source: Ownwell