Greenville Junction, Maine Property Taxes
The median property tax rate in Greenville Junction, ME is 0.68%, considerably lower than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Greenville Junction, the typical annual property tax bill reaches $607, significantly below the national median of $2,690. Property taxes in Greenville 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 Greenville 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 Greenville 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
Greenville Junction, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$604
Ownwell’s Greenville Junction Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenville Junction with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenville 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 Greenville Junction, Maine
Property taxes in Greenville Junction, Maine, are essential in funding crucial local services like public schools, road maintenance, and emergency services. The median tax rate in Greenville Junction is 0.68%, which is lower than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Greenville Junction set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenville 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 Greenville Junction's effective property tax rate to other counties in Maine and the national median. For comparison, the 04442 zip code has the highest median property tax rate of 0.68%, while the 04442 zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Greenville 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 Greenville Junction Tax Rate
0.68%
Average Piscataquis County Tax Rate
2.00%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenville Junction, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04442 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Greenville Junction, Maine
In Greenville 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. Assessment notices in Greenville Junction 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 Greenville Junction helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $607 in the 04442 zip code, which is also the lowest median tax bill.
Property Tax Assessment Values Across Greenville Junction, Maine
Source: Ownwell
$42,800
$234,125
$425,450
Average Greenville Junction Assessed Value
$88,840
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 Greenville Junction, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04442 | $68,586 | $83,120 | $88,840 | $117,172 | $159,560 |
Source: Ownwell
Property Tax Bills Across Greenville Junction, Maine
In Greenville Junction, located in Piscataquis 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 local assessors who evaluate the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $88,840, homeowners can expect tax bills that vary significantly. At the 25th percentile, property tax bills are around $568, while at the 75th percentile, they rise to approximately $800. The top 10% of homeowners face tax bills as high as $1,090. These variations reflect differences in property values and assessment accuracy within the region. Compared to the national median property tax rate of 0.99%, homeowners in Greenville Junction experience a relatively modest tax burden. Understanding these factors helps homeowners anticipate their annual expenses and manage their finances more effectively.
Average Greenville Junction Tax Bill
$607
Average Piscataquis County Tax Bill
$1,766
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenville Junction, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04442 | $468 | $568 | $607 | $800 | $1,090 |
Source: Ownwell