Hancock County. The first states that assessed values cannot be less than 70% of fair market value. Kennebec has a lower median home value ($164,000) than other more expensive counties in Maine. 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. Alternate formats can be requested at (207) 626-8475 or via email. For example, Mount Desert has a low mil rate, but that doesnt mean the property taxes are cheap on those multi-million dollar homes. A wealth of information detailing valuations and exemptions by selected categories, assessment ratios and tax rates, on a town-by-town basis, is compiled. Want to learn more about your mortgage payments? 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%. 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. $46,000-$108,899. While the exact property tax rate you will pay will vary by county and is set by the local property tax assessor, you can use the free Maine Property Tax Estimator Tool to calculate your approximate yearly property tax based on median property tax rates across Maine. 2022 MAINE INCOME TAX TABLE If Line 19 Form 1040ME is: And Your Filing Status is: At Least But Less Than Single or Married-Filing Separately Married Filing Jointly* Head of House-hold *This column must also be used by a surviving spouse with dependent child. 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. Commercial Forestry Excise Tax Return. On the other hand, the average effective rate in Androscoggin County is 1.65%, highest in the state. endstream endobj 92 0 obj <> endobj 93 0 obj <> endobj 94 0 obj <>stream 2022 - $9.32 per $1000 valuation; 2021 - $9.74 per $1000 valuation; . The countys average effective property tax rate is 1.39%, slightly above the state average. This misalignment of burden among the three major taxes was partially addressed by the Legislature in 1998 with the enactment of the property tax Homestead Exemption. Each year, the Property Tax Division compiles a list of municipal information based on a survey submitted by each municipality. The second is that two similar properties should never have an assessed value difference of more than 20%. Taxes Box 9106 Augusta, ME 04332 If you have been overassessed, we can help you submit a tax appeal. The total of those levies is used to calculate the overall tax rate and property tax amount that is paid by each taxable property in the city; . (Income limits for the 2022 tax year have not yet been released.) ;"H6@Bp@lkXoJ":Ch%@RKNAGxd[yd.n>V#l"+5L(z7PVSEGS9TG"$:}@Cslf The results of the revaluation will be applied to November 2022 property tax bills. The most populous county in Maine, Cumberland County also has among the highest property tax rates. endstream endobj 95 0 obj <>stream The typical homeowner in Knox County pays $2,914 annually in property taxes on a median home value of $209,900. 2023. Tax Rate. Tax Rate is $11.15 and Interest Rate is 4.00% Due dates are October 7, 2022 (1st Half) and May 5, 2023 (2nd Half). The U.S. housing . Alternate formats can be requested at (207) 626-8475 or via email. 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. Fryeburg , Maine 04037. 0 The rates drop back on January 1st of each year. The table below shows average effective property tax rates for every county in Maine, along with median home values and median annual tax payments. Municipal Valuation Return Statistical Summary. hUmo@+qS%RmiND ipvVFJ}w6B-;7R!HX >xh. Contact Info: (207) 646 6081 (Phone) (207) 646 2935 (Fax) The Town of Wells Tax Assessor's Office is located in Wells, Maine. This unit is responsible for providing technical support to municipal assessors, taxpayers, legislators, and other governmental agencies. To view PDF or Word documents, you will need the free document readers. The average Maine property tax bill adds up to $2,524. Personal property taxes are due in full by October 17, 2022. Kennebec County is home to Augusta, Maine's state capital. The average effective property tax rate in the county is 1.34%. Alternate formats can be requested at (207) 626-8475 or via email. 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? To view PDF or Word documents, you will need the free document readers. YEAR 6 .0040 mill rate. Rates for years 1990 through 2021 (MS Excel) Rates for years 1990 through 2021 (PDF) =-$101,276,986 ; 2022 Property Tax Levy . The countys average effective property tax rate of 1.03% is the lowest in the state and below the state average of 1.09%. 0 YEAR 2 .0175 mill rate. While this benefit is based on the property tax paid by veterans, the benefit is administered through the individual income tax. 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 $3,000 in annual property taxes. Because assessment levels vary between municipalities in Maine, mill rates in one area cannot be directly compared to mill rates in another. Property Tax To determine the market value of property, local assessors use one of three methods. %%EOF hXrH+pBZf;4a$Z (4 JoFo_OW<7W$WHvW'?a cWx$^,1K}9"sqB|\(be oi6v}V~%+YnW6dGklh>,u:S$7ww(b-M Gms. ****Please note this file contains both the Personal Property Tax Bills and the Real Estate Tax Bills. Town of Buxton, 185 Portland Road, Buxton, ME 04093 (207) 929-5191 Town Hall Hours: Mon, Tues, Thur, Fri 8:30am to 4:30pm & Wed: 11:30am - 7:30pm 2n>@Au5G.4)nh"8dqB& @; ,bJm130@if ]n$u1 ,g,H3q20B I created this page after constantly Googling the rates. Fillable Form 800. A mill is the tax per thousand dollars in assessed value. The countys average effective property tax rate is 1.65%. 7.15%. This unit is responsible for providing technical support to municipal assessors, taxpayers, legislators, and other governmental agencies. 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. YEAR 1 .0240 mill rate. Enter the selected rate from line 19 of the Tax Rate Form. Alternate formats can be requested at (207) 626-8475 or via email. Kennebec residents pay a median property tax bill of $2,292. 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 |. endstream endobj startxref A homeowner's bill is determined by the rate a . How would you rate your experience using this SmartAsset tool? Tax Increment Finance Authority (TIFA) Reimbursement Captures. 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. Compare week-over-week changes to mortgage rates and APRs in Florida. YEAR 5 .0065 mill rate. Municipal Services Taxes With a population of almost 40,000, Knox County is one of the smaller counties in Maine. While this benefit is based on the property tax paid by veterans, the benefit is administered through the individual income tax. Androscoggin is also home to two of Maines most populous cities in Lewiston and Auburn. Taxes are considered delinquent on October 8, 2022 and May 6, 2023. 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. For that reason, it is useful to look at average effective rates. This is not an offer to buy or sell any security or interest. Maine Tax Portal/MEETRS File Upload Specifications & Instructions, Alphabetical Listing by Tax Type or Program Name. Our office is also staffed to administer and oversee the property tax administration in the unorganized territory. This is the decimal tax rate rather than the mil rate. Tax-Rates.org provides free access to tax rates, calculators, and more. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. P.O. endstream endobj 28 0 obj <> endobj 29 0 obj <> endobj 30 0 obj <>stream . 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. Your feedback is very important to us. 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. 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. Sanford , Maine 04073. hb```f``2c`a`bc`@ rl``x/ XR{. 0 Maine CommunitiesHome Sales & StatisticsPortland NeighborhoodsWhy Maine? $54,450 or more. YEAR 4 .0100 mill rate. For more information, see the Property Tax Fairness credit. Contact Info: (207) 935 2805 (Phone) (207) 935 6008 (Fax) The Town of Fryeburg Tax Assessor's Office is located in Fryeburg, Maine. The exact property tax levied depends on the county in Maine the property is located in. Youve come to the right place. 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. To calculate the exact amount of property tax you will owe requires your property's assessed value and the property tax rates based on your property's address. These rates apply to the tax bills that were mailed in August, 2022and due October 1, 2022. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. 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. Maine's median income is $55,130 per year, so the median yearly property tax paid by Maine residents amounts to approximately % of their yearly income. As many of you probably already know, the mil rate is only one of the equations in determining how much youd pay in property taxes. Any 2022 tax or portion thereof not paid by the date due is subject to interest at the rate of 4% per annum. Municipal Services. For example, Mount Desert has a low mil rate, but that doesn't mean the property taxes are cheap on those multi-million dollar homes. Contact Info: (207) 324 9115 (Phone) (207) 324 9122 (Fax) The Town of Sanford Tax Assessor's Office is located in Sanford, Maine. Blind Persons Exemption from Local Property Taxes. For instance, homeowners in Lincoln County pay an average of $2,467 while those in Washington County pay $1,522. That's over $1,400 higher than the national median. Maine Real Property Taxes. 8.00%. 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. All investing involves risk, including loss of principal. In Portland, the largest city in the county as well as the state, the 2020 tax rate is 23.31 mills. The following is a list of individual tax rates applied to property located in the unorganized territory. Counties in Maine collect an average of 1.09% of a property's assesed fair market value as property tax per year. Oxford County. For example, the average effective rate in Hancock County is 1.03%, lowest in the state. )(csq`>aeQF Take a look at this ultimate list - it's broken down by town, county, current mil rate, and growth rate since 2010. These rates apply to the tax bills that were mailed in August, 2022 and due October 1, 2022. You can appeal your property assessment, and success means your tax bill could be lowered by hundreds to thousands of dollars. Maine residents seeking low property tax rates might want to consider Hancock County. Local government in Maine is primarily supported by local property taxes. The countys average effective property tax rate is 1.31%. The homestead exemption allows Maine residents to decrease a propertys taxable value by $25,000. Jump to county list . The Municipal Services Unit is one of two areas that make up the Property Tax Division. 16 Lovewell's Pond Road. Property Taxes Property taxes are assessed to the owner of record as of April 1 of the given year against real and personal property. 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. The second variable is how much your property is assessed at. 2022 Budget Expenditures = $360,321,027; 2022 Budget Revenue (state aid, fees, licenses, etc.) 54 0 obj <>stream For the most part, municipalities administer real estate taxes in Maine. Wells , Maine 04090. Normally, the tax rate is expressed in mills (dollars in tax paid per thousand dollars of assessed property value) or sometimes as a percentage of the property's assessed value. The Tax Rate is established by the Board of Selectmen each year in August, this year that date was August 16, 2022. vc10g`$X Please limit your response to 150 characters or less. 2022 - 2023 Tax Rate: $14.45 per thousand. There are two statewide rules that ensure local assessors value property in an equitable fashion. A financial advisor can help you understand how homeownership fits into your overall financial goals. 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). You can choose any county from our list of Maine counties for detailed information on that county's property tax, and the contact information for the county tax assessor's office.
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