Edmunds Twp, Maine Property Taxes
The median property tax rate in Edmunds Twp, ME is 0.85%, which is lower than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Edmunds Twp at $123,910, the typical annual property tax bill amounts to $1,053, significantly below the national median of $2,690. Property taxes in Edmunds Twp are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Edmunds Twp'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 Edmunds Twp 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
Edmunds Twp, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$1,053
Ownwell’s Edmunds Twp Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edmunds Twp with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edmunds Twp 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 Edmunds Twp, Maine
Property taxes in Edmunds Twp, Maine, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Edmunds Twp is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Edmunds Twp set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edmunds Twp 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. For comparison, the highest and lowest median property tax rates in the area are both 0.85%, found in the zip code 04628. Understanding how these rates compare with Edmunds Twp 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 Edmunds Twp 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 Edmunds Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04628 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Edmunds Twp, Maine
In Edmunds Twp, 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 authorities 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 Edmunds Twp, 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 Edmunds Twp helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 04628, with a median tax bill of $1053, which is above the national median property tax rate of 0.99%.
Average Edmunds Twp Assessed Value
$123,910
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 Edmunds Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04628 | $35,886 | $77,800 | $123,910 | $165,000 | $219,890 |
Source: Ownwell
Property Tax Bills Across Edmunds Twp, Maine
In Edmunds Township, Washington County, ME, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, reflecting the home's worth. Local government officials assess properties annually to ensure the values are up-to-date. Factors such as location, property size, and home improvements can influence the assessed value. For homeowners in Edmunds Township, the median home price is $123,910. Property tax bills can vary significantly; for example, the tax bill at the 25th percentile is around $661, while at the 75th percentile, it reaches $1,403. The tax bill at the 90th percentile climbs to $1,869, indicating a broad range based on property values and assessments. Compared to the national median property tax rate of 0.99%, Edmunds Township's tax bills reflect the local economic conditions and property values, directly impacting the financial responsibilities of homeowners in the area.
Average Edmunds Twp Tax Bill
$1,053
Average Washington County Tax Bill
$1,700
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Edmunds Twp, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04628 | $305 | $661 | $1,053 | $1,403 | $1,869 |
Source: Ownwell