Brownville Junction, Maine Property Taxes
The median property tax rate in Brownville Junction, ME is 2.22%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Brownville Junction at $48,900, the typical annual property tax bill reaches $1,086, exceeding the national median of $2,690. Property taxes in Brownville Junction 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 Brownville Junction'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 Brownville Junction 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
Brownville Junction, 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 Brownville Junction Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brownville Junction with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brownville Junction 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 Brownville Junction, Maine
Property taxes in Brownville Junction, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brownville Junction is 2.22%, significantly higher than the U.S. national median of 0.99%. Local government entities within Brownville Junction set these rates annually, and they can vary across different neighborhoods. Each year, Brownville Junction 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 Brownville Junction's effective property tax rate to other areas in Maine and the national median. For comparison, the 04415 zip code has the highest median property tax rate of 2.22%, while the same zip code also has the lowest median tax rate of 2.22%. Understanding how these areas compare with Brownville Junction provides valuable insights into the varying tax landscape across Piscataquis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brownville Junction Tax Rate
2.22%
Average Piscataquis County Tax Rate
2.00%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brownville Junction, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04415 | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Brownville Junction, Maine
In Brownville Junction, 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 Piscataquis 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 Brownville Junction, 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 Brownville Junction helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Brownville Junction is $48,900, with the highest and lowest median tax bills both being $1,086 in the 04415 zip code. This knowledge can empower property owners to make informed decisions about their property taxes.
Property Tax Assessment Values Across Brownville Junction, Maine
Source: Ownwell
$42,800
$234,125
$425,450
Average Brownville Junction Assessed Value
$48,900
Average Piscataquis County Assessed Value
$100,500
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brownville Junction, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04415 | $48,900 | $48,900 | $48,900 | $48,900 | $48,900 |
Source: Ownwell
Property Tax Bills Across Brownville Junction, Maine
In Brownville Junction, located in Piscataquis County, ME, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in this area is $48,900. To determine your property tax bill, the local government first assesses the value of your property. This assessed value is then multiplied by the local tax rate to calculate the amount you owe. For homeowners in Brownville Junction, the property tax bill is consistent, with the 25th, 75th, and 90th percentiles all at $1,086. This uniformity indicates a stable tax environment, which can be beneficial for budgeting and financial planning. Compared to the national median property tax rate of 0.99%, the property tax rate in Brownville Junction is relatively straightforward, providing predictability for homeowners. Understanding how these factors influence your tax bill can help you better manage your finances and anticipate future expenses.
Average Brownville Junction Tax Bill
$1,086
Average Piscataquis County Tax Bill
$1,766
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Brownville Junction, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04415 | $1,086 | $1,086 | $1,086 | $1,086 | $1,086 |
Source: Ownwell