Brownfield, Maine Property Taxes
The median property tax rate in Brownfield, ME, is 1.67%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Brownfield at $185,738, the typical annual property tax bill reaches $3,111, exceeding the national median of $2,690. Property taxes in Brownfield are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brownfield'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 Brownfield 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
Brownfield, 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 Brownfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brownfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brownfield 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 Brownfield, Maine
Property taxes in Brownfield, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brownfield is 1.67%, significantly higher than the U.S. national median of 0.99%. Local government entities within Brownfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brownfield 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 Brownfield's effective property tax rate to other counties in Maine and the national median. For comparison, the 04010 zip code has the highest median property tax rate of 1.67%, while the 04010 zip code also has the lowest median tax rate of 1.67%. Understanding how these cities compare with Brownfield provides valuable insights into the varying tax landscape across Oxford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brownfield Tax Rate
1.67%
Average Oxford County Tax Rate
1.50%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brownfield, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04010 | 1.67% | 1.67% | 1.67% | 1.68% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Brownfield, Maine
In Brownfield, 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 local authorities 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 Brownfield, 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 Brownfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Brownfield is $185,738. Homeowners in the 25th percentile can expect a tax bill around $2,324, while those in the 75th percentile might see bills closer to $4,004. The 90th percentile tax bill reaches approximately $5,121. Interestingly, the zip code with both the highest and lowest median tax bill is 04010, with a median tax bill of $3,111.
Average Brownfield Assessed Value
$185,738
Average Oxford County Assessed Value
$138,018
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brownfield, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04010 | $99,307 | $138,728 | $185,738 | $239,004 | $305,722 |
Source: Ownwell
Property Tax Bills Across Brownfield, Maine
In Brownfield, Oxford County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to calculate the tax bill. For instance, with a median home price of $185,738, homeowners can expect varying tax bills depending on their property's assessed value. Factors such as property size, location, and improvements can influence this value. Homeowners in Brownfield face tax bills that range significantly. At the 25th percentile, the tax bill is around $2,324, while at the 75th percentile, it reaches $4,004. For those at the 90th percentile, the tax bill can go up to $5,121. These figures show that property taxes in Brownfield can be a considerable expense, affecting household budgets. Compared to the national median property tax rate of 0.99%, Brownfield's tax scenario underscores the importance of understanding local property tax dynamics for homeowners.
Average Brownfield Tax Bill
$3,111
Average Oxford County Tax Bill
$2,200
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Brownfield, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04010 | $1,663 | $2,324 | $3,111 | $4,004 | $5,121 |
Source: Ownwell