Roque Bluffs, Maine Property Taxes
The median property tax rate in Roque Bluffs, ME is 1.13%, which is higher than the national median of 0.99%, but lower than the Maine state median of 1.57%. With a median home value of $161,900 in Roque Bluffs, the typical annual property tax bill amounts to $1,881, falling below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Roque Bluffs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Roque Bluffs or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roque Bluffs, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$1,829
Ownwell’s Roque Bluffs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roque Bluffs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roque Bluffs 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 Roque Bluffs, Maine
Property taxes in Roque Bluffs, Maine, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Roque Bluffs is 1.13%, which is significantly higher than both the Maine state median and the U.S. national median of 0.99%. Local government entities within Roque Bluffs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roque Bluffs 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 Roque Bluffs' effective property tax rate to other areas in Maine and the national median. For comparison, the zip code 04654 has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these areas compare with Roque Bluffs 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 Roque Bluffs Tax Rate
1.13%
Average Washington County Tax Rate
1.70%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roque Bluffs, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04654 | 1.12% | 1.12% | 1.13% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Roque Bluffs, Maine
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Roque Bluffs, 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 Roque Bluffs, 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 Roque Bluffs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,881 in the 04654 zip code, which is also the lowest median tax bill, highlighting a consistent tax landscape.
Average Roque Bluffs Assessed Value
$161,900
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 Roque Bluffs, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04654 | $56,480 | $95,100 | $161,900 | $264,500 | $410,960 |
Source: Ownwell
Property Tax Bills Across Roque Bluffs, Maine
In Roque Bluffs, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate. For homeowners in Roque Bluffs, located in Washington County, the median home price is $161,900. Property tax bills can vary significantly, with the 25th percentile at $1,070 and the 75th percentile reaching $3,014. At the 90th percentile, homeowners might see tax bills as high as $4,624. These variations are influenced by factors such as property size, location, and any applicable exemptions. The highest and lowest median tax bills in the area both stand at $1,881, specifically in the 04654 zip code. Compared to the national median property tax rate of 0.99%, homeowners in Roque Bluffs might find their tax bills to be relatively moderate or high, depending on their property's assessed value and specific circumstances. This directly impacts homeowners' annual financial planning and overall cost of living.
Average Roque Bluffs Tax Bill
$1,881
Average Washington County Tax Bill
$1,700
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Roque Bluffs, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04654 | $680 | $1,070 | $1,881 | $3,014 | $4,624 |
Source: Ownwell