Alna, Maine Property Taxes
The median property tax rate in Alna, ME is 2.15%, significantly higher than both the national median of 0.99% and the Maine state median of 1.57%. With a median home value of $179,570 in Alna, the typical annual property tax bill reaches $3,852, far exceeding the national median of $2,690. Property taxes in Alna 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 Alna'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 Alna or another part of Lincoln County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alna, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.15%
Estimate Property Tax Bill
$3,861
Ownwell’s ALNA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ALNA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ALNA 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 Alna, Maine
Property taxes in ALNA, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ALNA is 1.09%, higher than both the Maine state median of 1.09% and the U.S. national median of 0.99%. Local government entities within ALNA set these rates annually, and they can vary significantly across different neighborhoods. Each year, ALNA 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 ALNA's effective property tax rate to other counties in Maine and the national median. For comparison, the 04535 zip code has the highest median property tax rate of 1.09%, while the 04535 zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with ALNA provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alna Tax Rate
2.15%
Average Lincoln County Tax Rate
1.40%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alna, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04535 | 2.14% | 2.14% | 2.15% | 2.15% | 2.15% |
Source: Ownwell
Property Tax Assessment Values Across Alna, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in ALNA, Maine. 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 Lincoln 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 ALNA, 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 ALNA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,852, found in zip code 04535.
Average Alna Assessed Value
$179,570
Average Lincoln County Assessed Value
$224,290
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alna, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04535 | $98,258 | $134,300 | $179,570 | $240,425 | $314,336 |
Source: Ownwell
Property Tax Bills Across Alna, Maine
In ALNA, located in Lincoln County, ME, property tax bills are calculated based on the assessed value of a home, not its market value. The assessed value is determined by the local tax assessor and reflects the property's value for tax purposes. Several factors influence this value, including the home's size, age, location, and any improvements made to the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $179,570, homeowners in ALNA can expect their tax bills to vary significantly. The 25th percentile tax bill is around $2,881, while the 75th percentile tax bill can reach up to $5,158, and the 90th percentile tax bill can be as high as $6,742. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Comparing these figures to the national median property tax rate of 0.99%, it's clear that property taxes in ALNA can be considerably higher, reflecting the unique local tax policies and property values.
Average Alna Tax Bill
$3,852
Average Lincoln County Tax Bill
$2,866
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Alna, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04535 | $2,108 | $2,881 | $3,852 | $5,158 | $6,742 |
Source: Ownwell