Guilford, Maine Property Taxes
The median property tax rate in Guilford, ME is 1.86%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Guilford at $79,900, the typical annual property tax bill reaches $1,476, exceeding the national median of $2,690. Property taxes in Guilford 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 Guilford'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 Guilford or another part of the town, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Guilford, 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 Guilford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Guilford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Guilford 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 Guilford, Maine
Property taxes in Guilford, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Guilford is 1.86%, significantly higher than the U.S. national median of 0.99%. Local government entities within Guilford set these rates annually, and they can vary across different neighborhoods. Each year, Guilford 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 Guilford's effective property tax rate to other areas in Maine and the national median. For comparison, the zip code 04443 has both the highest and lowest median property tax rate of 1.86%. Understanding how these areas compare with Guilford 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 Guilford Tax Rate
1.86%
Average Piscataquis County Tax Rate
2.00%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Guilford, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04443 | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Guilford, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Guilford, ME. 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 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 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. In Guilford, the median home price is $79,900, with tax bills ranging from $1,092 at the 25th percentile to $2,834 at the 90th percentile. The highest and lowest median tax bills are both $1,476 in the 04443 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Guilford Assessed Value
$79,900
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 Guilford, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04443 | $43,910 | $59,125 | $79,900 | $115,225 | $153,690 |
Source: Ownwell
Property Tax Bills Across Guilford, Maine
In Guilford, 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 the local assessor’s office and is meant to reflect the market value of the property. Once the property is assessed, the local tax rate is applied to this value to calculate the annual tax bill. Several factors influence the assessed value, including the size of the property, its location, and any improvements made to it. In Guilford, the median home price is $79,900. Homeowners in this area can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $1,092, while at the 75th percentile, it rises to $2,116, and at the 90th percentile, it can reach up to $2,834. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Guilford Tax Bill
$1,476
Average Piscataquis County Tax Bill
$1,766
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Guilford, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04443 | $786 | $1,092 | $1,476 | $2,116 | $2,834 |
Source: Ownwell