Swanville, Maine Property Taxes
The median property tax rate in Swanville, ME is 1.68%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Swanville, the typical annual property tax bill reaches $1,848, which is below the national median of $2,690. Property taxes in Swanville 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 Swanville'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 Swanville 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
Swanville, 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 Swanville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Swanville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Swanville to provide an estimate of 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 Swanville, Maine
Property taxes in Swanville, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Swanville is 1.68%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Swanville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Swanville 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 Swanville's effective property tax rate to other counties in Maine and the national median. For comparison, the 04915 zip code has the highest median property tax rate of 1.68%, while the same 04915 zip code also has the lowest median tax rate of 1.68%. Understanding how these areas compare with Swanville provides valuable insights into the varying tax landscape across Waldo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Swanville Tax Rate
1.68%
Average Waldo County Tax Rate
1.74%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Swanville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04915 | 1.68% | 1.68% | 1.68% | 1.68% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Swanville, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Swanville, Maine. The market value represents 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 Waldo 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 Swanville, 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. The median home price in Swanville is $110,020, with tax bills ranging significantly. The 25th percentile tax bill is $1,056, while the 75th percentile tax bill reaches $2,903, and the 90th percentile tax bill climbs to $4,006. Zip code 04915 has both the highest and lowest median tax bill at $1,848. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Swanville Assessed Value
$110,020
Average Waldo County Assessed Value
$154,000
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Swanville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04915 | $30,605 | $62,825 | $110,020 | $172,770 | $238,440 |
Source: Ownwell
Property Tax Bills Across Swanville, Maine
In Swanville, located in Waldo County, ME, property tax bills are calculated based on the assessed value of your property and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of your home. Once the assessed value is established, the local tax rate is applied to calculate your annual tax bill. For example, the median home price in Swanville is $110,020, which provides a baseline for understanding potential tax obligations. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or abatements. Homeowners in Swanville can expect tax bills that range significantly. At the 25th percentile, tax bills are around $1,056, while at the 75th percentile, they can reach up to $2,903. The highest tax bills, at the 90th percentile, can be as much as $4,006. These taxes contribute to essential public services, impacting local schools, infrastructure, and emergency services, thus playing a crucial role in community development.
Average Swanville Tax Bill
$1,848
Average Waldo County Tax Bill
$2,632
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Swanville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04915 | $514 | $1,056 | $1,848 | $2,903 | $4,006 |
Source: Ownwell