South China, Kennebec County, Maine Property Taxes
The median property tax rate in South China, ME is 1.21%, which is notably higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With a median home value of $161,500 in South China, the typical annual property tax bill amounts to $1,946, falling below the national median of $2,690. Property taxes in South China are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of South China’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of South China or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
South China, Kennebec County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,954
$1,813
Ownwell’s South China Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South China with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South China 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 South China, Kennebec County, Maine
Property taxes in South China, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South China is 1.21%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within South China set these rates annually, and they can vary significantly across different neighborhoods. Each year, South China 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 South China's effective property tax rate to other counties in Maine and the national median. For comparison, the 04358 zip code has the highest median property tax rate of 1.21%, while the 04358 zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with South China 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 South China Tax Rate
1.21%
Average Kennebec County Tax Rate
1.72%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across South China, Kennebec County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04358 | 1.20% | 1.20% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across South China, Kennebec County, Maine
In South China, 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 South China, 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 South China helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 04358 has the highest median tax bill at $1,946, while the lowest median tax bill is also in the same zip code at $1,946.
Property Tax Assessment Values Across South China, Kennebec County, Maine
Source: Ownwell
$54,950
$158,225
$261,500
Average South China Assessed Value
$161,500
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 South China, Kennebec County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04358 | $13,260 | $90,750 | $161,500 | $188,200 | $239,280 |
Source: Ownwell
Property Tax Bills Across South China, Kennebec County, Maine
In South China, located in Kennebec County, ME, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is an estimate of the property's market value, which local assessors determine based on various factors such as location, property size, and condition. For homeowners in South China, the median home price stands at $161,500. With the national median property tax rate being 0.99%, local tax rates can significantly impact the final bill. For instance, the 25th percentile tax bill in this region is $1,094, while the 75th percentile tax bill reaches $2,268. At the higher end, the 90th percentile tax bill can be as much as $2,883. These tax bills can have a substantial effect on homeowners, influencing their overall financial planning and housing affordability. Understanding how these taxes are calculated and the factors involved can help homeowners better anticipate their annual financial obligations.
Average South China Tax Bill
$1,946
Average Kennebec County Tax Bill
$2,685
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across South China, Kennebec County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04358 | $173 | $1,094 | $1,946 | $2,268 | $2,883 |
Source: Ownwell