Shirley, Maine Property Taxes
The median property tax rate in Shirley, ME is 2.17%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Shirley, the typical annual property tax bill reaches $3,248, exceeding the national median of $2,690. Property taxes in Shirley 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 Shirley'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 Shirley 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
Shirley, 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 Shirley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shirley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shirley 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 Shirley, Maine
Property taxes in Shirley, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shirley is 2.17%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Shirley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shirley 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 Shirley's effective property tax rate to other counties in Maine and the national median. For comparison, the 04441 zip code has the highest median property tax rate of 2.17%, while the 04485 zip code has the lowest median tax rate of 1.98%. Understanding how these cities compare with Shirley 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 Shirley Tax Rate
2.17%
Average Piscataquis County Tax Rate
2.00%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shirley, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04441 | 1.78% | 1.93% | 2.17% | 2.17% | 2.17% |
| 04485 | 1.83% | 1.88% | 1.98% | 2.07% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Shirley, Maine
In Shirley, 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 Shirley, 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. For instance, the median home price in this area is $149,700. The zip code 04485 has the highest median tax bill at $3,711, while zip code 04441 has the lowest median tax bill at $2,715. 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 Shirley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Shirley Assessed Value
$149,700
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 Shirley, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04441 | $127,880 | $132,050 | $139,000 | $144,350 | $147,560 |
| 04485 | $158,360 | $170,750 | $191,400 | $212,050 | $224,440 |
Source: Ownwell
Property Tax Bills Across Shirley, Maine
In Shirley, located in Piscataquis County, ME, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Shirley is $149,700. Homeowners in this area can expect their tax bills to vary significantly based on the assessed value of their property. For instance, the 25th percentile sees a tax bill of $2,715, while the 75th percentile faces a tax bill of $3,257. At the 90th percentile, tax bills can rise to $3,802, indicating a wide range in property tax obligations. Several factors influence these tax bills, including the property's assessed value and the local tax rate. The highest median tax bill in the area is $3,711, found in the 04485 zip code, while the lowest median tax bill is $2,715 in the 04441 zip code. Compared to the national median property tax rate of 0.99%, Shirley’s property taxes can be relatively high, impacting homeowners' annual expenses significantly.
Average Shirley Tax Bill
$3,248
Average Piscataquis County Tax Bill
$1,766
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Shirley, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04441 | $2,420 | $2,530 | $2,715 | $2,982 | $3,141 |
| 04485 | $3,348 | $3,484 | $3,711 | $3,938 | $4,074 |
Source: Ownwell