Garland, Maine Property Taxes
The median property tax rate in Garland, ME is 1.04%, slightly above the national median of 0.99% but lower than the Maine state median of 1.57%. With a median home value of $143,095 in Garland, the typical annual property tax bill amounts to $1,496, which is below the national median of $2,690. Property taxes in Garland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Garland'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 Garland or another part of Penobscot County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Garland, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,488
Ownwell’s Garland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garland 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 Garland, Maine
Property taxes in Garland, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garland is 1.04%, higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Garland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garland 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 Garland's effective property tax rate to other areas in Maine and the national median. For comparison, the 04939 zip code has both the highest and lowest median property tax rate of 1.04%. Understanding how these cities compare with Garland 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 Garland Tax Rate
1.04%
Average Penobscot County Tax Rate
1.92%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garland, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04939 | 1.04% | 1.04% | 1.04% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Garland, Maine
In Garland, 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 Garland, 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 Garland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is found in zip code 04939, amounting to $1,496, while the lowest median tax bill is also in zip code 04939, amounting to $1,496.
Average Garland Assessed Value
$143,095
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 Garland, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04939 | $57,744 | $93,175 | $143,095 | $200,660 | $254,451 |
Source: Ownwell
Property Tax Bills Across Garland, Maine
In Garland, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Penobscot County assessor, who evaluates the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $143,095, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $974, while the 75th percentile reaches $2,097, and the 90th percentile goes up to $2,659. These figures indicate how property taxes can impact homeowners differently based on their property's value. Compared to the national median property tax rate of 0.99%, Garland's rates reflect the local economic conditions and funding requirements for public services. Homeowners in Garland should be aware of these factors as they directly influence their annual financial obligations and overall cost of homeownership.
Average Garland Tax Bill
$1,496
Average Penobscot County Tax Bill
$2,548
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Garland, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04939 | $612 | $974 | $1,496 | $2,097 | $2,659 |
Source: Ownwell