East Machias, Maine Property Taxes
The median property tax rate in East Machias, ME is 1.49%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in East Machias, the typical annual property tax bill reaches $1,698, exceeding the national median of $2,690. Property taxes in East Machias 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 East Machias'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 East Machias 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
East Machias, 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 East Machias Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Machias with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Machias 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 East Machias, Maine
Property taxes in East Machias, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Machias is 1.49%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within East Machias set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Machias 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 East Machias's effective property tax rate to other areas in Washington County and the national median. For comparison, the zip code 04630 has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these figures compare with East Machias 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 East Machias Tax Rate
1.49%
Average Washington County Tax Rate
1.70%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Machias, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04630 | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across East Machias, Maine
In East Machias, 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 East Machias, 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 East Machias helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 04630, with an amount of $1,698.
Average East Machias Assessed Value
$114,111
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 East Machias, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04630 | $53,439 | $78,408 | $114,111 | $160,700 | $215,733 |
Source: Ownwell
Property Tax Bills Across East Machias, Maine
In East Machias, Washington County, ME, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value is a percentage of the market value of the property, which is determined by the local assessor's office. Various factors, such as the size, location, and condition of the property, are considered during the assessment. Homeowners in East Machias experience a range of property tax bills. For instance, the 25th percentile tax bill is around $1,169, while the 75th percentile reaches up to $2,391. The highest median tax bill in the area is $1,698, which is consistent across the zip code 04630. These property tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, the rates in East Machias can vary, affecting how much homeowners need to budget for their annual property taxes.
Average East Machias Tax Bill
$1,698
Average Washington County Tax Bill
$1,700
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across East Machias, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04630 | $795 | $1,169 | $1,698 | $2,391 | $3,055 |
Source: Ownwell