Mariaville, Maine Property Taxes
The median property tax rate in Mariaville, ME is 1.35%, which is considerably higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With a median home value of $123,800 in Mariaville, the typical annual property tax bill reaches $1,672, falling below the national median of $2,690. Property taxes in Mariaville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mariaville'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 Mariaville or another part of Hancock County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mariaville, Maine Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$3,140
Ownwell’s Mariaville Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Mariaville. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Mariaville to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of your potential tax liabilities, helping you make informed decisions. For those interested in more localized trends, additional neighborhood-specific information is available. Your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Mariaville, Maine
Property taxes in Mariaville, ME, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mariaville is 1.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within Mariaville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mariaville 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 Mariaville's effective property tax rate to other counties in Maine and the national median. For comparison, the 04605 zip code has the highest median property tax rate of 1.35%, while the same zip code has the lowest median tax rate of 1.35%. Understanding how these cities compare with Mariaville provides valuable insights into the varying tax landscape across Hancock, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mariaville Tax Rate
1.35%
Average Hancock County Tax Rate
1.23%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mariaville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04605 | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Mariaville, Maine
In Mariaville, 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 Hancock 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 Mariaville, 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 Mariaville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Hancock County, the highest median tax bill is $1,672 in the 04605 zip code, while the lowest median tax bill is also $1,672 in the same zip code. With a median home price of $123,800, homeowners in Mariaville can expect tax bills ranging from $1,142 at the 25th percentile to $3,131 at the 90th percentile.
Average Mariaville Assessed Value
$123,800
Average Hancock County Assessed Value
$205,850
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mariaville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04605 | $50,850 | $84,625 | $123,800 | $169,975 | $231,940 |
Source: Ownwell
Property Tax Bills Across Mariaville, Maine
In Mariaville, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the Hancock County assessor's office and reflects the market value of the property. Once the property is assessed, the local tax rate is applied to this value to calculate the annual tax bill. Factors such as property improvements, location, and market conditions can influence the assessed value, thereby affecting the tax bill. Homeowners in Mariaville can expect varying tax bills. For instance, the tax bill at the 25th percentile is $1,142, while at the 75th percentile, it rises to $2,291. The 90th percentile tax bill can go up to $3,131. The highest median tax bill in the county is $1,672, which is considerably higher than the national median property tax rate of 0.99%. These taxes fund essential local services like schools, public safety, and infrastructure, impacting the overall quality of life for homeowners.
Average Mariaville Tax Bill
$1,672
Average Hancock County Tax Bill
$2,609
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Mariaville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04605 | $681 | $1,142 | $1,672 | $2,291 | $3,131 |
Source: Ownwell