Maine, Broome County, New York Property Taxes

Name: Property Tax Bills Across Maine, Broome County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median MAINE, NY effective property tax rate: 3.62%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median MAINE, NY home value: $120,264
Median annual MAINE, NY tax bill: $4,100, $1,700 higher than the national median property tax bill of $2,400.

How are property taxes in Broome calculated?

Property taxes in MAINE, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding MAINE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MAINE, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Maine, Broome County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.62%

Estimate Property Tax Bill

$4,354

$4,040

Ownwell’s Maine Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Maine with just two data points.

By entering your property's estimated assessed value, our calculator applies Maine’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Broome County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Maine, Broome County, New York

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. In Broome County, New York, the property tax rate stands at 3.62%, which is considerably higher than the national median property tax rate of 1.02%. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Property owners in Maine, Broome County, face a significantly higher tax burden compared to the national average. Comparing Maine’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. highlights the disparity. The substantial difference in tax rates underscores the importance of understanding local tax assessments and exploring potential avenues for appealing or reducing property tax burdens.

Property Tax Rates Across Maine, Broome County, New York

Source: Ownwell

2.33%

4.37%

6.41%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Maine Tax Rate

3.62%

Median Effective Broome County Tax Rate

3.50%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Maine, Broome County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13802	2.70%	3.31%	3.62%	3.62%	3.62%

Source: Ownwell

Property Tax Assessment Values Across Maine, Broome County, New York

When examining property taxes in Maine, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Broome County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Broome County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Maine. For example, the median home price in Maine is $120,264, with tax bills ranging significantly across the county. Zip code 13802 has the highest median home price at $120,264.

Property Tax Assessment Values Across Maine, Broome County, New York

Source: Ownwell

$60,170

$114,885

$169,600

Median Maine Market Value

$120,264

Median Broome County Market Value

$113,808

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Maine, Broome County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13802	$49,651	$85,967	$120,264	$170,377	$234,623

Source: Ownwell

Property Tax Bills Across Maine, Broome County, New York

In Maine, located in Broome County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in this area is $120,264, and the property tax bill can vary significantly depending on the property's assessed value. For example, the 25th percentile tax bill is $2,869, while the 75th percentile reaches $5,744, and the 90th percentile can be as high as $7,659. This variation highlights the importance of accurate assessments and the impact on homeowners' finances. Compared to the national median property tax bill of $2,400, Maine's tax bills are notably higher, which can be a financial burden. Ownwell can assist homeowners by reviewing their property assessments and identifying potential savings through appeals and exemptions, ensuring they are not overpaying and helping them reduce their tax liabilities.

Property Tax Bills Across Maine, Broome County, New York

Source: Ownwell

$1,617

$3,572

$5,526

Median Maine Tax Bill

$4,100

Median Broome County Tax Bill

$4,421

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Maine, Broome County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13802	$1,686	$2,869	$4,100	$5,744	$7,659

Source: Ownwell

Don't miss the deadline to file a grievance!

Dates

Links
Broome Assessment Review Commission
Website	gis.broomecountyny.gov