Mattawamkeag, Penobscot County, Maine Property Taxes
The median property tax rate in Mattawamkeag, ME is 1.30%, which is higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With a median home value of $88,095 in Mattawamkeag, the typical annual property tax bill is $1,162, falling below the national median of $2,690. Property taxes in Mattawamkeag are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence exemption. Understanding Mattawamkeag'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 Mattawamkeag 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
Mattawamkeag, Penobscot County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,145
$1,063
Ownwell’s Mattawamkeag Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mattawamkeag with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mattawamkeag 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 Mattawamkeag, Penobscot County, Maine
Property taxes in Mattawamkeag, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mattawamkeag is 1.30%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Mattawamkeag set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mattawamkeag 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 Mattawamkeag's effective property tax rate to other counties in Maine and the national median. For comparison, the 04459 zip code has the highest median property tax rate of 1.30%, while the 04459 zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Mattawamkeag 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 Mattawamkeag Tax Rate
1.30%
Average Penobscot County Tax Rate
1.92%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mattawamkeag, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04459 | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Mattawamkeag, Penobscot County, Maine
In Mattawamkeag, 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 Mattawamkeag, 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 Mattawamkeag 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 04459, both at $1162.
Property Tax Assessment Values Across Mattawamkeag, Penobscot County, Maine
Source: Ownwell
$49,573
$134,232
$218,890
Average Mattawamkeag Assessed Value
$88,095
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 Mattawamkeag, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04459 | $37,305 | $63,495 | $88,095 | $115,280 | $148,110 |
Source: Ownwell
Property Tax Bills Across Mattawamkeag, Penobscot County, Maine
In Mattawamkeag, located in Penobscot County, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Mattawamkeag is $88,095. To determine the tax bill, the assessed value of the property is multiplied by the local tax rate. For instance, homeowners in the 25th percentile can expect a tax bill around $864, while those in the 75th percentile might see bills closer to $1,509. At the 90th percentile, tax bills can reach up to $1,938. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions. For homeowners, understanding these calculations is crucial as property taxes can significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, the property tax rate in Mattawamkeag reflects local economic conditions and municipal budget requirements. This ensures that the necessary public services and infrastructure are adequately funded, directly affecting community quality of life.
Average Mattawamkeag Tax Bill
$1,162
Average Penobscot County Tax Bill
$2,548
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Mattawamkeag, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04459 | $514 | $864 | $1,162 | $1,509 | $1,938 |
Source: Ownwell