Brighton Plt, Maine Property Taxes
The median property tax rate in Brighton PLT, ME is 1.75%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Brighton PLT, the typical annual property tax bill reaches $885, which is lower than the national median of $2,690. Property taxes in Brighton PLT 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 Brighton PLT'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 Brighton PLT 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
Brighton Plt, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$885
Ownwell’s Brighton PLT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brighton PLT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brighton PLT 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 Brighton Plt, Maine
Property taxes in Brighton PLT, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brighton PLT is 1.75%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Brighton PLT set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brighton PLT 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 Brighton PLT's effective property tax rate to other counties in Maine and the national median. For comparison, the 04912 zip code has the highest median property tax rate of 1.75%, while the same 04912 zip code also has the lowest median tax rate of 1.75%. Understanding how these cities compare with Brighton PLT provides valuable insights into the varying tax landscape across Somerset County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brighton Plt Tax Rate
1.75%
Average Somerset County Tax Rate
1.77%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brighton Plt, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04912 | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Brighton Plt, Maine
In BRIGHTON PLT, 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 Somerset 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 BRIGHTON PLT, 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 BRIGHTON PLT helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 04912 has the highest and lowest median tax bill, both at $885.00.
Average Brighton Plt Assessed Value
$50,560
Average Somerset County Assessed Value
$105,900
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brighton Plt, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04912 | $22,676 | $26,875 | $50,560 | $62,275 | $81,952 |
Source: Ownwell
Property Tax Bills Across Brighton Plt, Maine
In Brighton PLT, located in Somerset County, ME, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the town's assessor and reflects the market value of the property. Homeowners in Brighton PLT face a property tax rate that is in line with the county's median tax bill of $885.00, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, any applicable exemptions, and the local tax rate. For instance, the median home price in Brighton PLT is $50,560, leading to varying tax bills. Homeowners at the 25th percentile pay around $470, while those at the 75th percentile see bills closer to $1,090, and at the 90th percentile, bills can reach up to $1,434. These property taxes fund essential local services such as schools, public safety, and infrastructure, impacting the overall quality of life for residents.
Average Brighton Plt Tax Bill
$885
Average Somerset County Tax Bill
$1,837
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Brighton Plt, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04912 | $397 | $470 | $885 | $1,090 | $1,434 |
Source: Ownwell