Perry, Maine Property Taxes
The median property tax rate in Perry, Maine is 1.50%, which is considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Perry at $133,600, the typical annual property tax bill reaches $2,004, exceeding the national median of $2,690. Property taxes in Perry 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 Perry'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 Perry 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
Perry, 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 Perry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perry 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 Perry, Maine
Property taxes in Perry, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perry is 1.50%, significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Perry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perry 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 Perry's effective property tax rate to other counties in Maine and the national median. For comparison, the ZIP code 04667 has the highest median property tax rate of 1.50%, while the same ZIP code also has the lowest median tax rate of 1.50%. Understanding how these areas compare with Perry 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 Perry Tax Rate
1.50%
Average Washington County Tax Rate
1.70%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perry, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04667 | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Perry, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Perry, Maine. 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 Perry, 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. Notably, Perry's highest and lowest median tax bills both stand at $2004, with the zip code 04667. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Perry Assessed Value
$133,600
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 Perry, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04667 | $42,330 | $84,900 | $133,600 | $202,850 | $300,680 |
Source: Ownwell
Property Tax Bills Across Perry, Maine
In Perry, located in Washington County, ME, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value. Homeowners then pay a percentage of this assessed value as their property tax, which funds local services such as schools, public safety, and infrastructure. Several factors influence the tax bill, including the home's location, size, and condition. For instance, a median home priced at $133,600 in Perry would typically see varying tax bills. Homeowners in the 25th percentile might pay around $1,283, while those in the 75th percentile could face bills as high as $3,043. The 90th percentile tax bill can reach up to $4,510. These property taxes can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. In Perry, the highest and lowest median tax bills are both recorded at $2,004 in the 04667 zip code, highlighting the range of tax burdens within the community.
Average Perry Tax Bill
$2,004
Average Washington County Tax Bill
$1,700
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Perry, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04667 | $635 | $1,283 | $2,004 | $3,043 | $4,510 |
Source: Ownwell