Embden, Maine Property Taxes
The median property tax rate in Embden, ME is 1.17%, which is higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Embden at $179,500, the typical annual property tax bill reaches $2,108, still below the national median of $2,690. Property taxes in Embden 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 Embden'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 Embden or another part of Somerset County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Embden, 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 Embden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Embden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Embden 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 Embden, Maine
Property taxes in Embden, Maine, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Embden is 1.17%, significantly higher than the U.S. national median of 0.99%. Local government entities within Embden set these rates annually, and they can vary across different neighborhoods. Each year, Embden 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 Embden's effective property tax rate to other areas in Somerset County and the national median. For comparison, the zip code 04958 has the same median property tax rate of 1.17%. Understanding how these areas compare with Embden 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 Embden Tax Rate
1.17%
Average Somerset County Tax Rate
1.77%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Embden, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04958 | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Embden, Maine
In Embden, 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 Embden, 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 Embden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Embden, the median home price is $179,500. The highest median tax bill is $2,108 in zip code 04958, and the lowest median tax bill is also $2,108 in the same zip code.
Average Embden Assessed Value
$179,500
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 Embden, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04958 | $58,700 | $106,900 | $179,500 | $271,550 | $381,040 |
Source: Ownwell
Property Tax Bills Across Embden, Maine
In Embden, 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. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the assessed value, including the property's size, location, and condition. For homeowners in Embden, the median home price is $179,500, resulting in different tax bills depending on the property's value. For instance, at the 25th percentile, the tax bill is approximately $1,254, while at the 75th percentile, it rises to around $3,213. The 90th percentile sees tax bills as high as $4,462. These property taxes significantly impact homeowners, as they are a recurring expense that must be budgeted for annually. Compared to the national median property tax rate of 0.99%, Embden's rates reflect local economic conditions and funding needs for public services.
Average Embden Tax Bill
$2,108
Average Somerset County Tax Bill
$1,837
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Embden, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04958 | $688 | $1,254 | $2,108 | $3,213 | $4,462 |
Source: Ownwell