Williamsburg Twp, Maine Property Taxes
The median property tax rate in Williamsburg Twp, 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 Williamsburg Twp, the typical annual property tax bill reaches $921, significantly below the national median of $2,690. Property taxes in Williamsburg Twp 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 Williamsburg Twp'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 Williamsburg Twp 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
Williamsburg Twp, 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 Williamsburg Twp Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Williamsburg Twp with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Williamsburg Twp 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 Williamsburg Twp, Maine
Property taxes in Williamsburg Twp, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Williamsburg Twp is 1.09%, higher than both the Maine state median of 1.09% and the U.S. national median of 0.99%. Local government entities within Williamsburg Twp set these rates annually, and they can vary significantly across different neighborhoods. Each year, Williamsburg Twp 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 Williamsburg Twp's effective property tax rate to other counties in Maine and the national median. For comparison, the 04414 zip code has the highest median property tax rate of 1.09%, while the 04414 zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Williamsburg Twp provides valuable insights into the varying tax landscape across Piscataquis, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Williamsburg Twp 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 Williamsburg Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04414 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Williamsburg Twp, Maine
In Williamsburg Twp, 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 Williamsburg Twp, 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 Williamsburg Twp helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $137,620, with the highest and lowest median tax bills both at $921 in zip code 04414.
Average Williamsburg Twp Assessed Value
$137,620
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 Williamsburg Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04414 | $50,252 | $81,580 | $137,620 | $205,864 | $229,663 |
Source: Ownwell
Property Tax Bills Across Williamsburg Twp, Maine
In Williamsburg Township, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the area is $137,620. Homeowners can expect tax bills that vary significantly depending on their property's assessed value and specific circumstances. For instance, the 25th percentile tax bill is around $557, while the 75th percentile tax bill reaches $1,406, and the 90th percentile tax bill goes up to $1,569. The tax rate in Williamsburg Township, located in Piscataquis County, plays a crucial role in determining the final tax amount. This rate is applied to the assessed value of the property to calculate the annual tax bill. Compared to the national median property tax rate of 0.99%, Williamsburg Township's tax bills reflect the local economic conditions and municipal budget requirements. These property taxes significantly impact homeowners by influencing their overall housing costs and financial planning.
Average Williamsburg Twp Tax Bill
$921
Average Piscataquis County Tax Bill
$1,766
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Williamsburg Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04414 | $344 | $557 | $921 | $1,406 | $1,569 |
Source: Ownwell