Dennysville, Maine Property Taxes
The median property tax rate in Dennysville, ME is 0.85%, which is notably lower than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Dennysville, the typical annual property tax bill reaches $2,054, falling below the national median of $2,690. Property taxes in Dennysville are calculated based on the tax assessed value, which often comes in under the market value due to various exemptions such as those for primary residences and agricultural properties. A thorough understanding of Dennysville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Dennysville or another part of Washington County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dennysville, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$1,582
Ownwell’s Dennysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dennysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dennysville 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 Dennysville, Maine
Property taxes in Dennysville, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dennysville is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Dennysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dennysville 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 Dennysville's effective property tax rate to other counties in Maine and the national median. For comparison, the zip code 04628 has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these areas compare with Dennysville provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dennysville Tax Rate
0.85%
Average Washington County Tax Rate
1.70%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dennysville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04628 | 0.85% | 0.85% | 0.85% | 1.73% | 2.25% |
Source: Ownwell
Property Tax Assessment Values Across Dennysville, Maine
In Dennysville, 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 Washington 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 Dennysville, 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 Dennysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Dennysville are both $2054.00, recorded in the 04628 zip code.
Average Dennysville Assessed Value
$186,170
Average Washington County Assessed Value
$97,800
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dennysville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04628 | $100,434 | $132,585 | $186,170 | $217,065 | $235,602 |
Source: Ownwell
Property Tax Bills Across Dennysville, Maine
In Dennysville, Washington County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The tax rate is applied to this assessed value to determine the annual tax bill. For example, with a median home price of $186,170, the tax bill varies significantly. Homeowners in the 25th percentile can expect to pay around $1,818, while those in the 75th percentile might pay approximately $2,081. At the 90th percentile, the tax bill reaches about $2,097. Several factors influence these calculations, including property location, market conditions, and any applicable exemptions. The assessed value aims to reflect the market value, ensuring that the tax burden is distributed fairly among homeowners. Compared to the national median property tax rate of 0.99%, the property taxes in Dennysville may seem higher, affecting homeowners' financial planning and overall cost of living. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Dennysville Tax Bill
$2,054
Average Washington County Tax Bill
$1,700
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Dennysville, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04628 | $1,676 | $1,818 | $2,054 | $2,081 | $2,097 |
Source: Ownwell