Sagadahoc County, Maine Property Taxes
The median property tax rate in Sagadahoc County is 1.54%, which is significantly higher than the national median of 0.99% but slightly below the Maine state median of 1.57%. With the median home value in Sagadahoc County, the typical annual property tax bill reaches $3,525, surpassing the national median of $2,690. Property taxes in Sagadahoc County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Sagadahoc County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Bath or another part of Sagadahoc County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sagadahoc County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$3,648
$3,385
Ownwell’s Sagadahoc County Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sagadahoc County with just two data points. By entering your property's estimated assessed value, our calculator utilizes the median tax rate in Sagadahoc County to provide an accurate property tax bill estimate. This tool helps you understand your potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more localized informational page. Your property’s assessed value is the value assigned by the county for property tax calculations, considering any exemptions you may have.
Property Tax Rates Across Sagadahoc County, Maine
Property taxes in Sagadahoc County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Sagadahoc County is 1.54%, which is higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Sagadahoc County set these rates annually, and they can vary significantly between different areas within the county. Each year, Sagadahoc County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Sagadahoc County's effective property tax rate with other counties in Maine and the national median. For comparison, the city of Richmond has one of the higher property tax rates in Maine at 1.95%, while the city of Georgetown boasts one of the lowest at 0.88%. Analyzing how Sagadahoc County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Sagadahoc County Tax Rate
1.54%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sagadahoc County, Maine
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arrowsic | 1.04% | 1.04% | 1.05% | 1.05% | 1.05% |
| Bath | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% |
| Bowdoin | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% |
| Bowdoinham | 1.81% | 1.81% | 1.81% | 1.81% | 1.81% |
| Georgetown | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
| Phippsburg | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% |
| Richmond | 1.95% | 1.95% | 1.95% | 1.96% | 1.96% |
| Topsham | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% |
| West Bath | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
| Woolwich | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Sagadahoc County, Maine
In Sagadahoc County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Sagadahoc County Appraisal District. The assessed value, however, 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 Sagadahoc County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Sagadahoc County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Sagadahoc County, the city with the highest median tax bill is Topsham at $4,541, while Phippsburg has the lowest median tax bill at $2,463. This variance underscores the importance of understanding your property’s assessed value and potential exemptions.
Property Tax Assessment Values Across Sagadahoc County, Maine
Source: Ownwell
$138,800
$236,175
$333,550
Average Sagadahoc County Assessed Value
$236,900
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sagadahoc County, Maine
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arrowsic | $121,520 | $192,400 | $277,700 | $430,025 | $564,410 |
| Bath | $141,250 | $174,800 | $223,200 | $298,925 | $438,900 |
| Bowdoin | $80,570 | $129,580 | $186,210 | $236,470 | $287,100 |
| Bowdoinham | $98,110 | $141,400 | $195,300 | $257,075 | $339,140 |
| Georgetown | $179,720 | $226,800 | $322,200 | $506,000 | $772,580 |
| Phippsburg | $56,540 | $149,700 | $243,400 | $391,850 | $596,540 |
| Richmond | $77,070 | $104,475 | $138,800 | $177,150 | $225,472 |
| Topsham | $110,900 | $261,725 | $333,550 | $422,575 | $557,250 |
| West Bath | $124,440 | $185,400 | $257,800 | $403,950 | $638,900 |
| Woolwich | $90,800 | $134,200 | $190,600 | $257,600 | $371,600 |
Source: Ownwell
Property Tax Bills Across Sagadahoc County, Maine
In Sagadahoc County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Various factors, such as property location, size, and condition, influence the assessed value. For example, the median home price in Sagadahoc County is $236,900. Homeowners in this county experience a range of property tax bills. The tax bill at the 25th percentile is $2,408, while at the 75th percentile, it rises to $4,852. At the 90th percentile, homeowners can expect to pay as much as $6,703. Notably, the highest median tax bill in the county is in Topsham, at $4,541, whereas the lowest median tax bill is in Phippsburg, at $2,463. These property tax bills impact homeowners by contributing to local services like schools, public safety, and infrastructure, making it essential for homeowners to understand how their tax bills are calculated.
Average Sagadahoc County Tax Bill
$3,525
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Sagadahoc County, Maine
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arrowsic | $1,288 | $2,041 | $2,915 | $4,534 | $5,908 |
| Bath | $2,374 | $2,929 | $3,732 | $4,975 | $7,168 |
| Bowdoin | $1,362 | $2,190 | $3,147 | $3,996 | $4,852 |
| Bowdoinham | $1,775 | $2,558 | $3,533 | $4,650 | $6,135 |
| Georgetown | $1,589 | $2,005 | $2,848 | $4,473 | $6,830 |
| Phippsburg | $572 | $1,515 | $2,463 | $3,966 | $6,037 |
| Richmond | $1,506 | $2,042 | $2,714 | $3,463 | $4,408 |
| Topsham | $1,563 | $3,563 | $4,541 | $5,750 | $7,576 |
| West Bath | $1,332 | $1,984 | $2,758 | $4,332 | $6,836 |
| Woolwich | $1,398 | $2,067 | $2,935 | $3,967 | $5,723 |
Source: Ownwell
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