Carroll Plt, Penobscot County, Maine Property Taxes
The median property tax rate in CARROLL PLT, ME is 1.29%, 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 $73,580, the typical annual property tax bill in CARROLL PLT reaches $949, which is below the national median of $2,690. Property taxes here are based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating CARROLL PLT's property tax system, exploring available exemptions, and finding opportunities for reductions can lead to considerable annual savings. Whether you're situated in the heart of CARROLL PLT or elsewhere in Penobscot County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Carroll Plt, Penobscot County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$949
$881
Ownwell’s CARROLL PLT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CARROLL PLT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CARROLL PLT 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 Carroll Plt, Penobscot County, Maine
Property taxes in Carroll Plt, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carroll Plt is 1.29%, significantly higher than the U.S. national median of 0.99%. Local government entities within Carroll Plt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carroll Plt 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 Carroll Plt's effective property tax rate to other counties in Maine and the national median. For comparison, the 04487 zip code has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Carroll Plt provides valuable insights into the varying tax landscape across Penobscot County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carroll Plt Tax Rate
1.29%
Average Penobscot County Tax Rate
1.92%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carroll Plt, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04487 | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Carroll Plt, Penobscot County, Maine
In Carroll Plt, 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 Penobscot 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 Carroll Plt, 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 Carroll Plt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Carroll Plt are both $949, found in the zip code 04487.
Property Tax Assessment Values Across Carroll Plt, Penobscot County, Maine
Source: Ownwell
$49,573
$134,232
$218,890
Average Carroll Plt Assessed Value
$73,580
Average Penobscot County Assessed Value
$141,580
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carroll Plt, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04487 | $31,135 | $41,442 | $73,580 | $91,602 | $151,920 |
Source: Ownwell
Property Tax Bills Across Carroll Plt, Penobscot County, Maine
In CARROLL PLT, property tax bills are calculated based on the assessed value of the home, which is determined by local tax assessors. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to produce the annual tax bill. Several factors influence the assessed value, including the property's size, age, location, and any improvements made. For homeowners, understanding these factors is crucial, as they directly impact the amount owed. In CARROLL PLT, the median home price is $73,580. The property tax bill for the 25th percentile is $534, while for the 75th percentile, it rises to $1,182. At the 90th percentile, homeowners can expect to pay around $1,960. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to be aware of how their local rates stack up. High property taxes can significantly affect homeowners' budgets, making it important to stay informed and possibly seek exemptions or appeal assessments if necessary.
Average Carroll Plt Tax Bill
$949
Average Penobscot County Tax Bill
$2,548
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Carroll Plt, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04487 | $402 | $534 | $949 | $1,182 | $1,960 |
Source: Ownwell