Belgrade, Maine Property Taxes
The median property tax rate in Belgrade, ME is 1.54%, noticeably higher than the national median of 0.99% but slightly below the Maine state median of 1.57%. With a median home value of $177,700 in Belgrade, the typical annual property tax bill amounts to $2,733, surpassing the national median of $2,690. Property taxes in Belgrade are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Belgrade'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 Belgrade or another part of Kennebec County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belgrade, 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 Belgrade Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Belgrade with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Belgrade to project your property tax bill. This valuable tool provides clarity on potential tax obligations. For those interested in more granular details, localized information at the neighborhood level is available below. Your property’s assessed value is determined by Kennebec County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Belgrade, Maine
Property taxes in Belgrade, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belgrade is 1.54%, significantly higher than both the Maine state median of 1.20% and the U.S. national median of 0.99%. Local government entities within Belgrade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belgrade 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 Belgrade's effective property tax rate to other counties in Maine and the national median. For comparison, the 04917 zip code has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these areas compare with Belgrade provides valuable insights into the varying tax landscape across Kennebec County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belgrade Tax Rate
1.54%
Average Kennebec County Tax Rate
1.72%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belgrade, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04917 | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Belgrade, Maine
In Belgrade, 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 Kennebec 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 Belgrade, 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 Belgrade helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Belgrade are both $2,733 in the zip code 04917.
Average Belgrade Assessed Value
$177,700
Average Kennebec County Assessed Value
$154,165
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belgrade, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04917 | $97,540 | $132,500 | $177,700 | $242,900 | $349,960 |
Source: Ownwell
Property Tax Bills Across Belgrade, Maine
In Belgrade, located in Kennebec County, ME, property tax bills are determined by assessing the market value of a home and applying the local tax rate. Homeowners in Belgrade experience a median home price of $177,700, which serves as the basis for calculating their property taxes. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the final tax bill, including the property's location, size, and any improvements made. For example, tax bills in Belgrade range widely; homeowners at the 25th percentile pay around $2,038, while those at the 75th percentile see bills closer to $3,736. At the higher end, the 90th percentile tax bill can reach up to $5,382. This variation in tax bills significantly impacts homeowners, affecting their annual expenses and overall financial planning. Compared to the national median property tax rate of 0.99%, Belgrade's tax rates can be relatively high, necessitating careful consideration for current and prospective homeowners.
Average Belgrade Tax Bill
$2,733
Average Kennebec County Tax Bill
$2,685
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Belgrade, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04917 | $1,509 | $2,038 | $2,733 | $3,736 | $5,382 |
Source: Ownwell