Dexter, Penobscot County, Maine Property Taxes
The median property tax rate in Dexter, ME is 2.00%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Dexter at $95,450, the typical annual property tax bill reaches $1,908, which is below the national median of $2,690. Property taxes in Dexter 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 Dexter'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 Dexter 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
Dexter, Penobscot County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2%
Estimate Property Tax Bill
$1,909
$1,771
Ownwell’s Dexter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dexter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dexter 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 Dexter, Penobscot County, Maine
Property taxes in Dexter, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dexter is 2.00%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Dexter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dexter 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 Dexter's effective property tax rate to other areas in Maine and the national median. For comparison, the zip code 04930 has both the highest and lowest median property tax rate of 2.00%. Understanding how these cities compare with Dexter 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 Dexter Tax Rate
2.00%
Average Penobscot County Tax Rate
1.92%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dexter, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04930 | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Dexter, Penobscot County, Maine
In Dexter, 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 Dexter, 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. Dexter's median home price is $95,450, with tax bills ranging from $1,282 at the 25th percentile to $3,570 at the 90th percentile. The highest and lowest median tax bills are both $1,908, found in the 04930 zip code. 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 Dexter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Dexter, Penobscot County, Maine
Source: Ownwell
$49,573
$134,232
$218,890
Average Dexter Assessed Value
$95,450
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 Dexter, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04930 | $25,240 | $64,150 | $95,450 | $132,250 | $178,500 |
Source: Ownwell
Property Tax Bills Across Dexter, Penobscot County, Maine
In Dexter, located in Penobscot County, ME, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in Dexter is $95,450. Property taxes are calculated by multiplying the assessed value by the local tax rate. For instance, the tax bill for the 25th percentile is $1,282, while for the 75th percentile, it reaches up to $2,643. The 90th percentile tax bill can be as high as $3,570. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Dexter should be aware that their tax bills can vary significantly depending on these factors. Comparatively, Dexter's property taxes are influenced by the local tax rate and assessed values, which can differ from the national median property tax rate of 0.99%. Understanding these variables can help homeowners anticipate their tax obligations and manage their finances more effectively.
Average Dexter Tax Bill
$1,908
Average Penobscot County Tax Bill
$2,548
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Dexter, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04930 | $508 | $1,282 | $1,908 | $2,643 | $3,570 |
Source: Ownwell