Kenduskeag, Maine Property Taxes
The median property tax rate in Kenduskeag, ME is 1.48%, which is considerably higher than the national median of 0.99% but slightly lower than the Maine state median of 1.57%. With a median home value of $116,900 in Kenduskeag, the typical annual property tax bill reaches $1,730, which is below the national median of $2,690. Property taxes in Kenduskeag are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Kenduskeag'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 Kenduskeag 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
Kenduskeag, 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 Kenduskeag Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kenduskeag with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kenduskeag 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 Kenduskeag, Maine
Property taxes in Kenduskeag, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kenduskeag is 1.48%, significantly higher than the U.S. national median of 0.99%. Local government entities within Kenduskeag set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kenduskeag 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 Kenduskeag's effective property tax rate to other counties in Maine and the national median. For comparison, the 04450 zip code has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Kenduskeag 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 Kenduskeag Tax Rate
1.48%
Average Penobscot County Tax Rate
1.92%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kenduskeag, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04450 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Kenduskeag, Maine
In Kenduskeag, 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 Kenduskeag, 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 Kenduskeag helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 04450, both at $1,730.
Average Kenduskeag Assessed Value
$116,900
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 Kenduskeag, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04450 | $26,800 | $80,850 | $116,900 | $155,300 | $208,800 |
Source: Ownwell
Property Tax Bills Across Kenduskeag, Maine
In Kenduskeag, located in Penobscot County, 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 local assessor's office, which evaluates the property's market value and applies an assessment ratio. Homeowners in Kenduskeag face a range of tax bills, with the 25th percentile at $1,196 and the 75th percentile reaching $2,299. The highest median tax bill in the area is $1,730, found in the 04450 zip code. Several factors influence the tax bill, including property size, location, and any improvements made to the property. These factors collectively determine the assessed value, which is then multiplied by the local tax rate to calculate the final tax bill. For homeowners, understanding these variables is crucial as they directly impact annual expenses. Compared to the national median property tax rate of 0.99%, Kenduskeag's tax rates can significantly affect household budgets, making it essential for residents to stay informed about their property assessments and tax obligations.
Average Kenduskeag Tax Bill
$1,730
Average Penobscot County Tax Bill
$2,548
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Kenduskeag, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04450 | $397 | $1,196 | $1,730 | $2,299 | $3,090 |
Source: Ownwell