Frenchtwn Twp, Maine Property Taxes
The median property tax rate in Frenchtown Township, ME is 1.14%, which is notably higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With a median home value of $425,450, the typical annual property tax bill in Frenchtown Township reaches $4,298, surpassing the national median of $2,690. Property taxes in Frenchtown Township are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Frenchtown Township'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 Frenchtown Township 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
Frenchtwn Twp, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$4,850
Ownwell’s Frenchtown Township Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Frenchtown Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Frenchtown Township 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 Frenchtwn Twp, Maine
Property taxes in Frenchtown Township, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Frenchtown Township is 1.14%, higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Frenchtown Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Frenchtown Township 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 Frenchtown Township's effective property tax rate to other counties in Maine and the national median. For comparison, the 04441 zip code has both the highest and lowest median property tax rate of 1.14%. Understanding how these cities compare with Frenchtown Township 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 Frenchtwn Twp Tax Rate
1.14%
Average Piscataquis County Tax Rate
2.00%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Frenchtwn Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04441 | 0.71% | 0.87% | 1.14% | 1.42% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Frenchtwn Twp, Maine
In Frenchtown Township, 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 local 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 Frenchtown Township, 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 Frenchtown Township helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in this region is $425,450, with tax bills ranging from $3,739 at the 25th percentile to $5,194 at the 90th percentile. The zip code 04441 has both the highest and lowest median tax bill at $4,298.
Average Frenchtwn Twp Assessed Value
$425,450
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 Frenchtwn Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04441 | $341,890 | $373,225 | $425,450 | $477,675 | $509,010 |
Source: Ownwell
Property Tax Bills Across Frenchtwn Twp, Maine
In Frenchtown Township, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate set by the township. The assessed value is determined by local assessors who evaluate the property's market value. Homeowners in Frenchtown Township experience property tax bills that can vary significantly. The median home price in this area is $425,450, which serves as a baseline for tax calculations. The property tax bill for homeowners in the 25th percentile is approximately $3,739, while those in the 75th percentile pay around $4,858. For the top 10% of homeowners, tax bills can reach up to $5,194. These figures highlight the range of property tax obligations within the township. Comparing these rates to the national median property tax rate of 0.99%, Frenchtown Township's tax rates reflect the local economic conditions and public service funding needs. The property tax bill directly impacts homeowners by influencing their annual housing costs, which can affect affordability and long-term financial planning.
Average Frenchtwn Twp Tax Bill
$4,298
Average Piscataquis County Tax Bill
$1,766
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Frenchtwn Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04441 | $3,403 | $3,739 | $4,298 | $4,858 | $5,194 |
Source: Ownwell