YT[fQsA'uKPCSg}NiNM^h+ ^ L Commitment Date: August 23, 2022. Municipal Services Want to learn more about your mortgage payments? For that reason, it is useful to look at average effective rates. This map shows effective 2013 property tax rates* for 488 Maine cities and towns. Home The countys average effective property tax rate of 1.03% is the lowest in the state and below the state average of 1.09%. Penobscot County is in central Maine and contains the states third-largest city, Bangor. Maine is ranked 17th of the 50 states for property taxes as a percentage of median income. Keep in mind that assessments are done on a property-by-property basis, and our calculators cannot take into account any specific features of your property that could result in property taxes that deviate from the average in your area. 8.00%. hTYo@+#UE! YEAR 2 .0175 mill rate. Property & Taxes Exemptions Provided are descriptions of the three key exemptions related to municipal property tax enacted by Maine law (Title 36, M.R.S.A.). Full value tax rates for years 2012 - 2021 (PDF). Town Charter; Town Council . Cumberland County collects the highest property tax in Maine, levying an average of $2,973.00 (1.2% of median home value) yearly in property taxes, while Washington County has the lowest property tax in the state, collecting an average tax of $1,065.00 (1.04% of median home value) per year. Revaluation Project 2021-2022 The Town of Falmouth commenced its revaluation of all real estate beginning in January 2021. ipvVFJ}w6B-;7R!HX >xh. The median property tax in Maine is $1,936.00 per year for a home worth the median value of $177,500.00. Payments Real estate and personal property tax bills may be paid by check through the mail, by cash, check or credit card in person, or by credit card online. Maine Property Taxes [Go To Different State] $1,936.00 Avg. $108,900 or more. The Tax Rate is established by the Board of Selectmen each year in August, this year that date was August 16, 2022. Only a few properties in the historic district have sold at prices close to the area's reassessed values. The median property tax payment in the county is just $1,602. Residents of the Town of Easton may pay their real estate taxes and personal property taxes anytime online or at the Town Office during regular business hours of 8 AM to 4:30 PM on Monday, Wednesday and Thursday, 8 AM to 6 PM on Tuesday, and 8 AM to 3 PM on Friday. The second variable is how much your property is assessed at. R?v The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. 2022 - $9.32 per $1000 valuation; 2021 - $9.74 per $1000 valuation; . Maine Tax Portal/MEETRS File Upload Specifications & Instructions, Alphabetical Listing by Tax Type or Program Name, Rates for years 1990 through 2021 (MS Excel), LUPC Parcel Application - view land parcels and their associated planning zones. The following is a list of individual tax rates applied to property located in the unorganized territory. Tax-Rates.org provides detailed statistics on the property taxes collected in every county in the United States, as well as aggregated data for each of the states. To view PDF or Word documents, you will need the free document readers. Maximum Rate. It breaks down the important information youll want to understand before purchasing a home in the Pine Tree State. Take a look at this ultimate list - it's broken down by town, county, current mil rate, and growth rate since 2010. $46,000-$108,899. The states average effective property tax rate is 1.09%, while the national average is currently around 0.99%. Homeowners Guide to Property Tax in Maine Property tax rates in the county are reasonably close to the state average, as the average effective rate here is 1.53%. Property Tax Contact Information: Maine Revenue Services Property Tax Division P.O. 1.09% of home value Tax amount varies by county The median property tax in Maine is $1,936.00 per year for a home worth the median value of $177,500.00. The average effective property tax rate in the county is 1.34%. Property Tax Law Changes, 2022 New veteran benefit. Taxes Property Tax Please contact our office at 207-624-5600 for further information on any of the following: Assessor Agents SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. The statistics provided here are state-wide. Fryeburg Town Office. They typically use the money to pay for local services, such as public schools, libraries and law enforcement. This amount must match the amount of the tax committed to the tax collector and the amount on line 19 . Download a copy of your tax bill by clicking the link. Municipal Valuation Return Statistical Summary. One-Time Checkup with a Financial Advisor. 919 Main Street. One house on Fitten Street was assessed at $40,488 last year before it sold for $145,000 . For the most part, municipalities administer real estate taxes in Maine. The rates that appear on tax bills in Maine are generally denominated in millage rates. Alternate formats can be requested at (207) 626-8475 or via email. Property taxes are collected on a county level, and each county in Maine has its own method of assessing and collecting taxes. Kennebec residents pay a median property tax bill of $2,292. Normally, the tax rate is expressed in mills (dollars in tax paid per thousand dollars of assessed property value) or sometimes as a percentage of the property's assessed value. Contact Info: (207) 935 2805 (Phone) (207) 935 6008 (Fax) The Town of Fryeburg Tax Assessor's Office is located in Fryeburg, Maine. Your Tax is: If Line 19 Form 1040ME is: And Your Filing Status is: At Least But Less . P.O. With a population of almost 40,000, Knox County is one of the smaller counties in Maine. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any users account by an Adviser or provide advice regarding specific investments. An individual who is legally blind may also receive an exemption of $4,000. Compare week-over-week changes to mortgage rates and APRs in Florida. Kennebec has a lower median home value ($164,000) than other more expensive counties in Maine. 16 Lovewell's Pond Road. Contact Info: (207) 646 6081 (Phone) (207) 646 2935 (Fax) The Town of Wells Tax Assessor's Office is located in Wells, Maine. Over the last 50 years, neither the sales nor the income tax has come close to generating the governmental revenues generated by the property tax. Average Retirement Savings: How Do You Compare? Our office is also staffed to administer and oversee the property tax administration in the unorganized territory. This is equal to the median property tax paid as a percentage of the median home value in your county. Tax Rates The following is a list of individual tax rates applied to property located in the unorganized territory. The table below shows average effective property tax rates for every county in Maine, along with median home values and median annual tax payments. b5Xa H\D#rVb`$x;@ L 2020 - 2022 Tax Alerts. endstream endobj startxref To view PDF or Word documents, you will need the free document readers. hb```f``2c`a`bc`@ rl``x/ XR{. 0 The table below is updated daily with Florida mortgage rates for the most common types of home loans. The typical homeowner in York County pays $3,361 annually in property taxes, which is well above the U.S. median. Municipal Services. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. To view PDF or Word documents, you will need the free document readers. Taxes are considered delinquent on October 8, 2022 and May 6, 2023. These rates apply to the tax bills that were mailed in August, 2022 and due October 1, 2022. Maine Real Property Taxes. 111 0 obj <>stream The state of Maine publishes this information in a PDF, but wanted to be able to sort by mil rate, county, growth rate, and current mil rate. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. Maine Tax Portal/MEETRS File Upload Specifications & Instructions, Alphabetical Listing by Tax Type or Program Name, Abatement of Property Taxes - Municipality, Abatement of Property Taxes - Unorganized Territory, Abatement of Property Taxes - Inability to Pay, Hardship, or Poverty, Blind Persons Exemption from Local Property Taxes, Homestead Property Tax Exemption for Cooperative Housing Shareholders, Homestead Property Tax Exemption for Cooperative Housing Corporations, Request for Alternative Sale Process for Foreclosed Homes, Controlling Interest Transfer Tax Return/Declaration of Value, Assigned Rights to a Foreclosed Property Transfer Tax Affidavit, Statement of Total Discontinuation of Vehicle Use, Veteran Exemption for Widow(er), Minor Child, or Widowed Parent of a Veteran, Veteran Exemption for Cooperative Housing Shareholder, Veteran Exemption for Cooperative Housing Corporation, Veteran Exemption for Cooperative Housing Shareholder - Widow(er), Minor Child, or Widowed Parent of a. Alternate formats can be requested at (207) 626-8475 or via email. 2023. Your county's property tax assessor will send you a bill detailing the exact amount of property tax you owe every year. Counties in Maine collect an average of 1.09% of a property's assesed fair market value as property tax per year. The county's average effective property tax rate of 1.03% is the lowest in the state and below the state average of 1.09%. Home Until the early 1950s, the property tax was the only major tax in Maine. A homeowner who lives in a $100,000 home that increased in assessed value by 18% to $118,000 would pay an additional $68-$78 on their Augusta tax bill, according to city Finance Director Donna . The average property tax bill in New Jersey was $9,490 in 2022, an increase of slightly more than 2% when compared with the previous year. The total of those levies is used to calculate the overall tax rate and property tax amount that is paid by each taxable property in the city; . Property tax rates in Maine are well above the U.S. average. Hint: Press Ctrl+F to search for your county's name. 0 Municipalities may, by vote, determine the rate of interest that shall apply to taxes that become delinquent during a particular taxable year until those taxes are paid in full. Since home furnishings are largely exempt from personal property taxes, the property tax bill for most Maine homeowners is based on the value of the land, the house, and the outbuildings. In 2022, the Maine Legislature enacted an expanded benefit for veterans through the Property Tax Fairness credit. At the median rate, the tax bill on a . There are no guarantees that working with an adviser will yield positive returns. %%EOF %PDF-1.6 % Both real (land and buildings) and personal property (tangible goods) are subject to taxation, unless they are exempted by law or subject to another form of taxation, such as the excise tax for motor vehicles and boats. Jump to county list . Alternate formats can be requested at (207) 626-8475 or via email. Alternate formats can be requested at (207) 626-8475 or via email. %PDF-1.6 % Excise tax is calculated by multiplying the MSRP by the mill rate as shown below. The median property tax payment in the county is just $1,602. Your feedback is very important to us. Any 2022 tax or portion thereof not paid by the date due is subject to interest at the rate of 4% per annum. Full Value Tax Rates Represent Tax per $1,000 of Value State Weighted Average Mill Rate 2021 Equalized Tax Rate derived by dividing 2021 Municipal Commitment by 2023 State Valuation with adjustments for Homestead and BETE Exemptions and TIFs ESTIMATED FULL VALUE TAX RATES Maine Revenue Services We administer the real estate transfer tax, commercial forestry excise tax, controlling interest transfer tax, and telecommunications business equipment tax and we determine annually the amount of tax reimbursement to each town for veteran, homestead, and animal waste facility exemptions, and tree growth tax loss reimbursement. I created this page after constantly Googling the rates. . Today, property taxes in Maine generate approximately $1.8 billion a year to fund local government services. Property Tax Forms. Other changes included a cut to corporate income and privilege taxes, cuts to income taxes for wealthier Social Security recipients that will grow over time, increases to the standard deduction, property tax cuts for homeowners, and accelerating the elimination of the state's food sales tax. The average Maine property tax bill adds up to $2,524. Are you looking to move to a town or city in Maine, but also want to get a sense of what the property tax (or mil rate) is? The other two methods are the cost approach, which calculates the cost to replace your property, and the income approach, which calculates the income your property could generate if it were rented or used for some other purpose. This misalignment of burden among the three major taxes was partially addressed by the Legislature in 1998 with the enactment of the property tax Homestead Exemption. This unit is responsible for providing technical support to municipal assessors, taxpayers, legislators, and other governmental agencies. Maine Tax Portal/MEETRS File Upload Specifications & Instructions, Alphabetical Listing by Tax Type or Program Name. (Income limits for the 2022 tax year have not yet been released.) For example, Mount Desert has a low mil rate, but that doesnt mean the property taxes are cheap on those multi-million dollar homes. Consolidated Spreadsheet. 2022. 1)Vbb+z\FF\FK!2X"7;%H"mdv>"~0^oN"Q2iYO'8]i7&z8qY2I@~V#QQ1Oq&$zu)!#vB`JtnK=2T:]jO3FFZV {xw|BGrJ/wi_*P[LAD5LWW3(q)IVdRk9mQYe 0) mo*.K%M~^[}T)s\}NwfUy=yx8;XuB!j"1'}PwhZ{aY{kY(+,Y8mh*c#9. In 1953, the sales tax on retail transactions was enacted, and in 1969, the states personal income tax was adopted. If you would like to get a more accurate property tax estimation, choose the county your property is located in from the list on the left. There is some good news for homeowners, however. 10 Year Historic Tax Rates: FY2022 - $10.90 FY2021 - $11.40 FY2020 - $12.35 FY2019 - $12.90 FY2018 - $12.60 FY2017 - $12.60 FY2016 - $12.60 FY2015 - $12.45 The northernmost county in Maine and the largest county by land area east of the Rockies, Aroostook County has property tax rates above the state average. The state valuation is a basis for the allocation of money appropriated for state general purpose aid for education, state revenue sharing, and for county assessments. endstream endobj 95 0 obj <>stream 54 0 obj <>stream This decision comes a month after the Town of Middletown's new tiered tax rate system for full-time residents went into effect.. Newport currently taxes residential and commercial real estate . Box 9106 Augusta, ME 04332 Important Notice About Property Taxes For Buyers and Sellers of Real Estate (PDF). >(f`#BCjmLXYwH3q N>#@ h4 The town that collects the excise tax can . YEAR 3 .0135 mill rate. Business Equipment Tax Reimbursement. ;"H6@Bp@lkXoJ":Ch%@RKNAGxd[yd.n>V#l"+5L(z7PVSEGS9TG"$:}@Cslf Startups & Tech Companies in Portland, Maine, Winter in Portland, Maine (how bad is it? The second variable is how much your property is assessed at. endstream endobj startxref Oxford County is located in western Maine along the New Hampshire border. If youre thinking of relocating to Portland, Maine, weve put together several guides (moving guide, best breweries, coffee shops, seafood, living in the Winter, the best pizza in town) to help you get a After hearing this question quite a few times, Im writing a quick post on winter in Portland, Maine. That's over $1,400 higher than the national median. Rates vary greatly between municipalities, as the total rate in Ogunquit is about 0.8% and the rate in Sanford is closer to 2%. Alternatively, you can find your county on the Maine property tax map found at the top of this page. Part of the state valuation process includes the preparation of a statistical summary of certain municipal information that must be annually reported to MRS by municipal assessing officials. Wells , Maine 04090. The property tax . You can call the Town Clerk's Office at at (207) 222-1670 to check the status of tax payments. A wealth of information detailing valuations and exemptions by selected categories, assessment ratios and tax rates, on a town-by-town basis, is compiled. hXrH+pBZf;4a$Z (4 JoFo_OW<7W$WHvW'?a cWx$^,1K}9"sqB|\(be oi6v}V~%+YnW6dGklh>,u:S$7ww(b-M Gms. MRS does not guarantee the accuracy of calculations in fillable PDF forms; Check all numbers. Maine CommunitiesHome Sales & StatisticsPortland NeighborhoodsWhy Maine? The results of the revaluation will be applied to November 2022 property tax bills. These tax rates are calculated in order to facilitate equitable comparisons. If you have questions about how property taxes can affect your overall financial plans, a financial advisor in Portland can help you out. New veteran benefit. YEAR 6 .0040 mill rate. Blind Persons Exemption from Local Property Taxes. The tax bills were mailed shortly after the commitment date. For more information, see the Property Tax Fairness credit. Sold Property & Name on Tax Bill According to Maine's Taxation Law, the Assessor is legally required to issue the annual tax bill to the owner of record as of April 1st. ). For example, the average effective rate in Hancock County is 1.03%, lowest in the state. Discover Portland Moving Guide Startups & Tech Neighborhoods Guide Finding a job Today, property taxes in Maine generate approximately $1.8 billion a year to fund local government services. 2n>@Au5G.4)nh"8dqB& @; ,bJm130@if ]n$u1 ,g,H3q20B Instead, Tax-Rates.org provides property tax statistics based on the taxes owed on millions of properties across Maine. As a result, it's not possible to provide a single property tax rate that applies uniformly to all properties in Maine. Senior veterans who are 62 or older may be eligible for an exemption of $6,000. A wealth of information detailing valuations and exemptions by selected categories, assessment ratios and tax rates, on a town-by-town basis, is compiled. For example, a tax rate of 1.5% on a home valued at $100,000 would require the payment of $1,500 in annual property taxes. (optional). 8/1/22. Enter your financial details to calculate your taxes. Assessment Date & Tax Information. A homeowner's bill is determined by the rate a . Commercial Forestry Excise Tax Return. In Portland, the largest city in the county as well as the state, the 2020 tax rate is 23.31 mills. To view PDF or Word documents, you will need the free document readers. $23,000-$54,449. On the other hand, the average effective rate in Androscoggin County is 1.65%, highest in the state. Rev. YEAR 4 .0100 mill rate. Maine Tax Portal/MEETRS File Upload Specifications & Instructions, Alphabetical Listing by Tax Type or Program Name, Department of Economic and Community Development, Property Tax Institute, June 6-7, 2023, Online |. 0 2022 Mill Rate breakdown is as follows: For example, a home with an assessed value of $150,000 and a mill rate of 20 ($20 of tax per $1,000 of assessed value) would pay $3,000 in annual property taxes. Maine Tax Portal/MEETRS File Upload Specifications & Instructions, Alphabetical Listing by Tax Type or Program Name, 2021 Municipal Valuation Return Statistical Summary Report (PDF), 2020Municipal Valuation Return Statistical Summary Report (PDF), 2019 Municipal Valuation Return Statistical Summary Report (PDF), 2018 Municipal Valuation Return Statistical Summary Report (PDF), 2017 Municipal Valuation Return Statistical Summary Report (PDF), 2016 Municipal Valuation Return Statistical Summary Report (PDF), 2015 Municipal Valuation Return Statistical Summary Report (PDF), 2014 Municipal Valuation Return Statistical Summary Report (PDF), 2013 Municipal Valuation Return Statistical Summary Report (PDF), 2012 Municipal Valuation Return Statistical Summary Report (PDF), 2011 Municipal Valuation Return Statistical Summary Report (PDF), 2010 Municipal Valuation Return Statistical Summary Report (PDF), 2009 Municipal Valuation Return Statistical Summary Report (PDF). Tax-Rates.org provides free access to tax rates, calculators, and more. To determine the market value of property, local assessors use one of three methods. Please note that we can only estimate your property tax based on median property taxes in your area. In fact, the county's 1.56% average effective property tax rate is the second highest in Maine. However, that figure varies from one county to another. Sanford , Maine 04073. 2022 Budget Expenditures = $360,321,027; 2022 Budget Revenue (state aid, fees, licenses, etc.) Androscoggin is also home to two of Maines most populous cities in Lewiston and Auburn. If you have been overassessed, we can help you submit a tax appeal. As many of you probably already know, the mil rate is only one of the equations in determining how much you'd pay in property taxes. Hancock County also has the longest coastline of any of Maines counties, so homeowners seeking beachfront property should find plenty of options. The first states that assessed values cannot be less than 70% of fair market value. (Municipal $3.74, School $10.03, County $0.68) Certified Ratio: 100%. The table above shows the fifty states and the District of Columbia, ranked from highest to lowest by annual property taxes as a percentage of the median home value. The maximum rate of interest that can be charged per Title 36, M.R.S.A. In Maine, the median property tax rate is $1,093 per $100,000 of assessed home value. The U.S. housing . Alternate formats can be requested at (207) 626-8475 or via email. There are typically multiple rates in a given area, because your state, county, local schools and emergency responders each receive funding partly through these taxes. The typical homeowner in Knox County pays $2,914 annually in property taxes on a median home value of $209,900. To view PDF or Word documents, you will need the free document readers. Box 398. Kennebec County is home to Augusta, Maine's state capital. On average, homes in Maine are worth $212,047 with homeowners paying $11.90 for every $1,000 in home value as property taxes. Source: Maine.gov. 10/19/22. Get driving directions to this office. Property Taxes Property taxes are assessed to the owner of record as of April 1 of the given year against real and personal property. In our calculator, we take your home value and multiply that by your county's effective property tax rate. Tax Increment Finance Authority (TIFA) Reimbursement Captures. The median property tax payment residents make in Cumberland County annually is a high $4,217. Click here to download the 2011-2112 Personal Property Tax Commitment. hbbd```b``z"A$C3diV r/ 8Y Kennebec's average effective property tax rate of 1.40%, however, comes in above Maine's 1.30% statewide average effective rate. 8/1/22. Tax Return Forms Tax Rate. The countys average effective rate is 1.46%. Please contact our office at 207-624-5600 for further information on any of the following: Municipal Valuation Return Statistical Summary, Valuation of Affordable Housing Properties. The exact property tax levied depends on the county in Maine the property is located in. 8/1/12. These statistics allow you to easily compare relative property taxes across different areas, and see how your property taxes compare to taxes on similar houses in Maine. Our division is responsible for the determination of the annual equalized full value (state valuation) for the 484 incorporated municipalities as well as for the unorganized territory. There are two statewide rules that ensure local assessors value property in an equitable fashion. vc10g`$X 6.75%. Its annoying, but I guess they wanted to test the Puritan work ethic of us New Englanders . 27 0 obj <> endobj Please limit your response to 150 characters or less. ****Please note this file contains both the Personal Property Tax Bills and the Real Estate Tax Bills. However, home values in the county are generally the lowest in Maine. Thus, many homeowners in Aroostook County pay relatively low total tax payments compared to some of the pricier counties in the state. The revaluation will be completed by August 2022. Assessment Date: April 1st, 2022; Commitment Date: September 14, 2022; Fiscal Tax Year: 2022 - 2023; Tax Rate: $16.41 per thousand; Certified Ratio: 100%; Interest Rate: 4%; Bi-Annual Tax Dates: November 1, 2022, April 25, 2023
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