Maine, New York Property Taxes
The median property tax rate in Maine, NY is 2.75%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Maine, the typical annual property tax bill reaches $275, which is well below the national median of $2,690. Property taxes in Maine are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Maine'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 Maine 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
Maine, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.75%
Estimate Property Tax Bill
$275
$255
Ownwell’s Maine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maine 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 Maine, New York
Property taxes in Maine, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maine is 2.75%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Maine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maine 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 Maine's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13802 has the highest median property tax rate of 2.75%, while the same zip code also has the lowest median tax rate of 2.75%. Understanding how these cities compare with Maine provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maine Tax Rate
2.75%
Average Clinton County Tax Rate
2.57%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maine, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13802 | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% |
Source: Ownwell
Property Tax Assessment Values Across Maine, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Maine, New York. 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 Clinton 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 Maine, 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 Maine 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 13802, with a tax bill of $275.
Average Maine Assessed Value
$10,000
Average Clinton County Assessed Value
$146,700
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maine, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13802 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 |
Source: Ownwell
Property Tax Bills Across Maine, New York
In Maine, NY, 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 and apply a specific assessment ratio. For example, if the median home price is $10,000, this figure will be used as a starting point. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Factors such as property size, location, and condition can influence the assessed value. In Clinton County, the median property tax bill is $275, which is significantly lower than the national median property tax rate of 0.99%. This lower tax rate can be beneficial for homeowners, making property ownership more affordable and potentially increasing home values over time. However, it's important to note that even small changes in assessed value or tax rates can impact the overall tax bill, so staying informed about local tax policies is crucial for homeowners.
Average Maine Tax Bill
$275
Average Clinton County Tax Bill
$3,822
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Maine, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13802 | $275 | $275 | $275 | $275 | $275 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Clinton Assessment Review Commission | |
| Website | clinco.maps.arcgis.com |