Pittston, Kennebec County, Maine Property Taxes
The median property tax rate in Pittston, ME is 1.41%, noticeably higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With the median home value in Pittston, the typical annual property tax bill reaches $2,038, which is below the national median of $2,690. Property taxes in Pittston 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 Pittston'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 Pittston 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
Pittston, Kennebec County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$2,038
$1,891
Ownwell’s Pittston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pittston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pittston 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 Pittston, Kennebec County, Maine
Property taxes in Pittston, Maine, play a crucial role in financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pittston is 1.41%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Pittston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pittston 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 Pittston's effective property tax rate to other areas in Maine and the national median. For comparison, the 04345 zip code has the highest median property tax rate of 1.41%, while the same zip code also has the lowest median tax rate of 1.41%. Understanding how these areas compare with Pittston 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 Pittston Tax Rate
1.41%
Average Kennebec County Tax Rate
1.72%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pittston, Kennebec County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04345 | 1.41% | 1.41% | 1.41% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Pittston, Kennebec County, Maine
In Pittston, 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 Pittston, 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 Pittston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pittston is $144,550, and the median tax bill ranges from $1,430 to $3,530, with the highest and lowest median tax bill both recorded at $2,038 in the 04345 zip code.
Property Tax Assessment Values Across Pittston, Kennebec County, Maine
Source: Ownwell
$54,950
$158,225
$261,500
Average Pittston Assessed Value
$144,550
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 Pittston, Kennebec County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04345 | $62,060 | $101,450 | $144,550 | $193,025 | $250,340 |
Source: Ownwell
Property Tax Bills Across Pittston, Kennebec County, Maine
In Pittston, 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 town's assessor and reflects the market value of the property. Once the property is assessed, the tax rate, also known as the mill rate, is applied to this value to calculate the annual tax bill. For instance, with a median home price of $144,550, homeowners in Pittston can expect their property taxes to vary. The 25th percentile tax bill stands at $1,430, while the 75th percentile tax bill reaches $2,722. At the 90th percentile, the tax bill can go up to $3,530. These figures illustrate a range of possible tax liabilities, influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Pittston's rates can significantly impact homeowners. Understanding these calculations helps homeowners budget effectively and anticipate their annual financial obligations.
Average Pittston Tax Bill
$2,038
Average Kennebec County Tax Bill
$2,685
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Pittston, Kennebec County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04345 | $875 | $1,430 | $2,038 | $2,722 | $3,530 |
Source: Ownwell