Howland, Maine Property Taxes
The median property tax rate in Howland, ME is 2.21%, significantly higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Howland at $108,200, the typical annual property tax bill reaches $2,386, which is slightly below the national median of $2,690. Property taxes in Howland 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 Howland'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 Howland 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
Howland, 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 Howland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Howland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Howland 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 Howland, Maine
Property taxes in Howland, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Howland is 2.21%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Howland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Howland 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 Howland's effective property tax rate to other counties in Maine and the national median. For comparison, the 04448 zip code has the highest median property tax rate of 2.21%, while also being the lowest at 2.21%. Understanding how these cities compare with Howland 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 Howland Tax Rate
2.21%
Average Penobscot County Tax Rate
1.92%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Howland, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04448 | 2.20% | 2.20% | 2.21% | 2.21% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Howland, Maine
In Howland, 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 Howland, 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 Howland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Howland are both $2,386, found in zip code 04448.
Average Howland Assessed Value
$108,200
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 Howland, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04448 | $46,146 | $76,480 | $108,200 | $148,320 | $191,206 |
Source: Ownwell
Property Tax Bills Across Howland, Maine
In Howland, property tax bills are calculated based on the assessed value of your home and the local tax rate set by Penobscot County. The assessed value is determined by the local assessor's office and reflects the market value of your property. Homeowners in Howland experience a range of property tax bills, with the 25th percentile at $1,686 and the 75th percentile at $3,270. For those in the 90th percentile, the tax bill can reach up to $4,216. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. The highest median tax bill in the area is $2,386, which is notably higher than the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, emergency services, and infrastructure maintenance. Understanding how these factors affect your property tax bill can help homeowners in Howland plan their finances more effectively and explore potential savings through appeals or exemptions.
Average Howland Tax Bill
$2,386
Average Penobscot County Tax Bill
$2,548
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Howland, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04448 | $1,018 | $1,686 | $2,386 | $3,270 | $4,216 |
Source: Ownwell