Sargentville, Maine Property Taxes
The median property tax rate in Sargentville, 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 $193,700 in Sargentville, the typical annual property tax bill reaches $2,605, slightly below the national median of $2,690. Property taxes in Sargentville 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 Sargentville'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 Sargentville 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
Sargentville, 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 Sargentville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sargentville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sargentville 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 Sargentville, Maine
Property taxes in Sargentville, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sargentville is 1.35%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Sargentville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sargentville 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 Sargentville's effective property tax rate to other areas in Maine and the national median. For comparison, the 04673 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Sargentville provides valuable insights into the varying tax landscape across Hancock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sargentville 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 Sargentville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04673 | 1.34% | 1.34% | 1.34% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Sargentville, Maine
In Sargentville, 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 Sargentville, 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 Sargentville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Sargentville are both $2,605 in the zip code 04673.
Average Sargentville Assessed Value
$193,700
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 Sargentville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04673 | $96,880 | $137,000 | $193,700 | $291,900 | $496,100 |
Source: Ownwell
Property Tax Bills Across Sargentville, Maine
In Sargentville, located in Hancock County, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. Homeowners in Sargentville can expect a median property tax bill of $2,605, which is considerably higher than the national median property tax rate of 0.99%. The tax burden varies significantly, with the 25th percentile tax bill at $1,843 and the 75th percentile reaching $3,926. For those with higher-valued properties, the tax bill can soar to the 90th percentile at $6,672. These taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting community quality. Homeowners should be aware of their property's assessed value and the local tax rate to anticipate their annual tax obligations accurately.
Average Sargentville Tax Bill
$2,605
Average Hancock County Tax Bill
$2,609
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Sargentville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04673 | $1,303 | $1,843 | $2,605 | $3,926 | $6,672 |
Source: Ownwell