Pembroke, Maine Property Taxes
The median property tax rate in Pembroke, ME is 2.14%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Pembroke at $81,700, the typical annual property tax bill reaches $1,748, exceeding the national median of $2,690. Property taxes in Pembroke 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 Pembroke'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 Pembroke 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
Pembroke, 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 Pembroke Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pembroke with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pembroke 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 Pembroke, Maine
Property taxes in Pembroke, Maine, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pembroke is 2.14%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Pembroke set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pembroke 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 Pembroke's effective property tax rate to other counties in Maine and the national median. For comparison, the zip code 04666 has the highest median property tax rate of 2.14%, while the same zip code also has the lowest median tax rate of 2.14%. Understanding how these cities compare with Pembroke 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 Pembroke Tax Rate
2.14%
Average Washington County Tax Rate
1.70%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pembroke, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04666 | 2.14% | 2.14% | 2.14% | 2.14% | 2.14% |
Source: Ownwell
Property Tax Assessment Values Across Pembroke, Maine
In Pembroke, 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 Pembroke, 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 Pembroke is $81,700, with tax bills ranging from $1,210 at the 25th percentile to $2,470 at the 75th percentile. Notably, the highest median tax bill is $1,748, found in zip code 04666, which is also the lowest median tax bill in the area. 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 Pembroke helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pembroke Assessed Value
$81,700
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 Pembroke, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04666 | $37,700 | $56,575 | $81,700 | $115,425 | $175,590 |
Source: Ownwell
Property Tax Bills Across Pembroke, Maine
In Pembroke, located in Washington County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value considers various factors such as the property's market value, location, and condition. Homeowners in Pembroke can expect their tax bills to vary significantly, with the 25th percentile tax bill at $1,210 and the 75th percentile reaching $2,470. For those at the higher end, the 90th percentile tax bill is $3,758. The median home price in Pembroke stands at $81,700, which is relatively modest compared to national averages. However, the property tax rate in Pembroke is notably high, resulting in substantial tax bills for homeowners. This can impact homeowners by increasing their annual expenses and affecting their overall financial planning. By understanding how these factors contribute to their property tax bills, homeowners can better prepare and potentially seek exemptions or appeals to manage their tax liabilities effectively.
Average Pembroke Tax Bill
$1,748
Average Washington County Tax Bill
$1,700
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Pembroke, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04666 | $807 | $1,210 | $1,748 | $2,470 | $3,758 |
Source: Ownwell