North Anson, Somerset County, Maine Property Taxes
The median property tax rate in North Anson, 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 North Anson at $134,500, the typical annual property tax bill reaches $2,079, still below the national median of $2,690. Property taxes in North Anson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Anson'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 North Anson 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
North Anson, Somerset County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,574
$1,460
Ownwell’s North Anson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Anson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Anson 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 North Anson, Somerset County, Maine
Property taxes in North Anson, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Anson is 1.17%, which is higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within North Anson set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Anson 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 North Anson's effective property tax rate to other counties in Maine and the national median. For comparison, the 04958 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with North Anson 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 North Anson 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 North Anson, Somerset County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04958 | 1.17% | 1.17% | 1.17% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across North Anson, Somerset County, Maine
In North Anson, 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 North Anson, 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 North Anson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in North Anson is $134,500, with tax bills ranging from $1,347 at the 25th percentile to $4,068 at the 90th percentile. Interestingly, the highest and lowest median tax bills both stand at $2,079 in the 04958 zip code.
Property Tax Assessment Values Across North Anson, Somerset County, Maine
Source: Ownwell
$74,500
$182,040
$289,580
Average North Anson Assessed Value
$134,500
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 North Anson, Somerset County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04958 | $54,904 | $82,550 | $134,500 | $249,900 | $339,580 |
Source: Ownwell
Property Tax Bills Across North Anson, Somerset County, Maine
In North Anson, ME, property tax bills are calculated based on the assessed value of a home and the tax rate set by local authorities. The assessed value is determined by the town's assessor, who evaluates the property's market value and then applies an assessment ratio. This ratio ensures that properties are taxed fairly relative to their market value. The tax rate, also known as the mill rate, is determined by the local government and reflects the amount needed to fund public services such as schools, roads, and emergency services. Homeowners in North Anson can expect varying tax bills. For example, the 25th percentile tax bill is around $1,347, while the 75th percentile tax bill reaches $3,047. At the 90th percentile, homeowners might face a tax bill of $4,068. These figures illustrate the range of tax obligations depending on property values. Compared to the national median property tax rate of 0.99%, North Anson's rates can significantly impact homeowners’ annual expenses, especially for those with higher-valued properties.
Average North Anson Tax Bill
$2,079
Average Somerset County Tax Bill
$1,837
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across North Anson, Somerset County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04958 | $884 | $1,347 | $2,079 | $3,047 | $4,068 |
Source: Ownwell