maine property tax rates by town 2022 maine property tax rates by town 2022

Full Value Tax Rates Represent Tax per $1,000 of Value State Weighted Average Mill Rate 2021 Equalized Tax Rate derived by dividing 2021 Municipal Commitment by 2023 State Valuation with adjustments for Homestead and BETE Exemptions and TIFs ESTIMATED FULL VALUE TAX RATES Maine Revenue Services Thank you for your answer! 27 0 obj <> endobj Municipalities that fail to meet these standards are required to do a revaluation of all property in their district. The table below is updated daily with Florida mortgage rates for the most common types of home loans. The following is a list of individual tax rates applied to property located in the unorganized territory. Rates vary greatly between municipalities, as the total rate in Ogunquit is about 0.8% and the rate in Sanford is closer to 2%. ;"H6@Bp@lkXoJ":Ch%@RKNAGxd[yd.n>V#l"+5L(z7PVSEGS9TG"$:}@Cslf Please contact our office at 207-624-5600 for further information on any of the following: Assessor Agents Property Taxes Property taxes are assessed to the owner of record as of April 1 of the given year against real and personal property. endstream endobj 92 0 obj <> endobj 93 0 obj <> endobj 94 0 obj <>stream The countys average effective rate is 1.46%. 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; . 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. (optional). $46,000-$108,899. 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. Property Tax Collection. Search the Maine State Statutes; State Property Tax Stabilization Program ; Tax Maps 2022; Tax Relief Programs; The TAX RATE for Fiscal Year 2023 is $11.15. Want to learn more about your mortgage payments? There are no guarantees that working with an adviser will yield positive returns. 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. Contact Info: (207) 935 2805 (Phone) (207) 935 6008 (Fax) The Town of Fryeburg Tax Assessor's Office is located in Fryeburg, Maine. 8.00%. Source: Maine.gov. 8/1/12. The town that collects the excise tax can . In 2022, the Maine Legislature enacted an expanded benefit for veterans through the Property Tax Fairness credit. All investing involves risk, including loss of principal. Maine Property Taxes [Go To Different State] $1,936.00 Avg. The results of the revaluation will be applied to November 2022 property tax bills. ipvVFJ}w6B-;7R!HX >xh. The second is that two similar properties should never have an assessed value difference of more than 20%. Home Today, property taxes in Maine generate approximately $1.8 billion a year to fund local government services. Municipal Services. You can appeal your property assessment, and success means your tax bill could be lowered by hundreds to thousands of dollars. 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). 0 endstream endobj 95 0 obj <>stream Kennebec County is home to Augusta, Maine's state capital. The property tax . Maine Real Property Taxes. Section 505.4 is as follows: Taxable Year. A wealth of information detailing valuations and exemptions by selected categories, assessment ratios and tax rates, on a town-by-town basis, is compiled. One-Time Checkup with a Financial Advisor. At that rate, a homeowner whose home is worth $150,700 would pay $1,974 annually in property taxes. 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. 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. The homestead exemption allows Maine residents to decrease a propertys taxable value by $25,000. Line 12: 2022 Property Tax Rate. To view PDF or Word documents, you will need the free document readers. ). 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. 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? Tax Rate: $10.46 per thousand of valuation for fiscal year ; Assessment Ratio: 88%; Interest Dates: Starts to accrue on the 1st installment November 22, 2022, and on the 2nd installment May 23, 2023; Overdue Interest Rate: 4.00% 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. To view tax parcel maps, click here. 8/1/22. The new provisions of the tax cut package would . 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%. The maximum rate of interest that can be charged per Title 36, M.R.S.A. 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). hUmo@+qS%RmiND Excise tax is calculated by multiplying the MSRP by the mill rate as shown below. The median property tax payment residents make in Cumberland County annually is a high $4,217. 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. 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. 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. In Portland, the largest city in the county as well as the state, the 2020 tax rate is 23.31 mills. Anyways, I hope you enjoy searching through this list. Maximum Rate. Property tax averages from this county will then be used to determine your estimated property tax. Wells , Maine 04090. 111 0 obj <>stream 2022 Budget Expenditures = $360,321,027; 2022 Budget Revenue (state aid, fees, licenses, etc.) 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 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. Kennebec has a lower median home value ($164,000) than other more expensive counties in Maine. Education and SchoolsQuality of LifeArts & CultureCommon Relo FAQsWaterfront Real EstateProperty Taxes, Maine Home Connection Copyright 2003 - 2022 All Rights Reserved19 Commercial St Portland, ME 04101 Office: (207) 517-3100. 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. 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 $177,500.00. Municipal Services JZwBR:N|6g0kraw{$ M>Xq5'p|WuDI_3A+-LB>6qj.bKD:jjGc;*!4xH7&m%bexWdHqznd:_(1z)#OY2b~t_$4{2I"#$jti&;A0J\^wgxC_@q:*ed$oU^>$a4VrQ+Ugq~RI*i>i9R$% R|\+# 8 Z@ovBxF F1 h&r7XC"lglj_{.x9]7>nFP7AWimTK[-3`{ Revaluation Project 2021-2022 The Town of Falmouth commenced its revaluation of all real estate beginning in January 2021. %%EOF R?v The tax bills were mailed shortly after the commitment date. In 1953, the sales tax on retail transactions was enacted, and in 1969, the states personal income tax was adopted. The state of Maine publishes this information in a PDF, but wanted to be able to sort by mil rate, county, growth rate, and current mil rate. A mill is the tax per thousand dollars in assessed value. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Contact Information: Maine Revenue Services Property Tax Division P.O. In our calculator, we take your home value and multiply that by your county's effective property tax rate. hbbd```b``z"A$C3diV r/ 8Y YEAR 1 .0240 mill rate. Maine is ranked 17th of the 50 states for property taxes as a percentage of median income. A wealth of information detailing valuations and exemptions by selected categories, assessment ratios and tax rates, on a town-by-town basis, is compiled. b5Xa H\D#rVb`$x;@ L Take a look at this ultimate list - it's broken down by town, county, current mil rate, and growth rate since 2010. The countys average effective property tax rate is 1.31%. Jump to county list . Hancock County. 7.15%. Oxford County. What is the most important reason for that score? YEAR 6 .0040 mill rate. 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. Personal property taxes are due in full by October 17, 2022. The first states that assessed values cannot be less than 70% of fair market value. 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. 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 |. YT[fQsA'uKPCSg}NiNM^h+ ^ L The typical homeowner in York County pays $3,361 annually in property taxes, which is well above the U.S. median. During the decade after the economic recession of the late 1980s, the state's over-reliance on the property tax became even more pronounced. One house on Fitten Street was assessed at $40,488 last year before it sold for $145,000 . The Municipal Services Unit is one of two areas that make up the Property Tax Division. For example, Mount Desert has a low mil rate, but that doesnt mean the property taxes are cheap on those multi-million dollar homes. Statistics show that about 25% of homes in America are unfairly overassessed, and pay an average of $1,346 too much in property taxes every year. The revaluation will be completed by August 2022. P.O. 43 0 obj <>/Filter/FlateDecode/ID[<2A134F324ECF8524B3B5DD89CACDC53B><69467F491CB48C44B73FAFFCDD0F967A>]/Index[27 28]/Info 26 0 R/Length 81/Prev 89678/Root 28 0 R/Size 55/Type/XRef/W[1 2 1]>>stream For more localized property tax rates, find your county on the property tax map of Maine to the left or in the county list below. Tax Increment Finance Authority (TIFA) Reimbursement Captures. Delinquent Tax Rates. 2022 - $9.32 per $1000 valuation; 2021 - $9.74 per $1000 valuation; . Maine residents seeking low property tax rates might want to consider Hancock County. %PDF-1.6 % >(f`#BCjmLXYwH3q N>#@ h4 Property Tax Law Changes, 2022 New veteran benefit. What's specifically owed depends on the just value, or market value, of the property and the local tax rate. We can check your property's current assessment against similar properties in Maine and tell you if you've been overassessed. If you arent a Maine homeowner yet, but are considering becoming one, take a look at our Maine mortgage guide. The average effective property tax rate in the county is 1.34%. Get driving directions to this office. The LCSA Act requires Treasury to subtract from a municipality's PPT reimbursement the portion that has been captured by one or more TIFAs claiming reimbursement due to a decline in captured personal property taxable value related to the municipality's millages (MCL 123.1354 (1 . The Personal Property Tax Bills appear first, there are 18 of them; then begins the Real Estate Tax Bill.s. At the median rate, the tax bill on a . 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. A financial advisor can help you understand how homeownership fits into your overall financial goals. This amount must match the amount of the tax committed to the tax collector and the amount on line 19 . Rates for years 1990 through 2021 (MS Excel) Rates for years 1990 through 2021 (PDF) For more localized statistics, you can find your county in the Maine property tax map or county list found on this page. The most populous county in Maine, Cumberland County also has among the highest property tax rates. Get driving directions to this office. Important Notice About Property Taxes For Buyers and Sellers of Real Estate (PDF). Your feedback is very important to us. 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. Click here to download the 2011-2112 Personal Property Tax Commitment. Fryeburg Town Office. 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. 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 - $12.45 hXrH+pBZf;4a$Z (4 JoFo_OW<7W$WHvW'?a cWx$^,1K}9"sqB|\(be oi6v}V~%+YnW6dGklh>,u:S$7ww(b-M Gms. The Property Tax Division is divided into two units: Municipal Servicesand theUnorganized Territory. Until the early 1950s, the property tax was the only major tax in Maine. Town of Kennebunkport, PO Box 566, 6 Elm Street, Kennebunkport, ME 04046 PH: (207) 967-4243 FAX: (207) 967-8470 Town Office Hours: Monday - Friday, 8:00 a.m. to 4:30 p.m. Website Disclaimer | Government Websites by CivicPlus | Site Map 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. Penobscot County is in central Maine and contains the states third-largest city, Bangor. Tax Return Forms Fillable Form 800. The median property tax payment in the county is just $1,602. The statewide median rate is $14.30 for every $1,000 of assessed value. To view PDF or Word documents, you will need the free document readers. These rates apply to the tax bills that were mailed in August, 2022 and due October 1, 2022. 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 Tax Rates The following is a list of individual tax rates applied to property located in the unorganized territory. A few months ago, a friend of mine was working on writing a piece for Maine Magazine about the startups here in the Portland area. I created this page after constantly Googling the rates. YEAR 2 .0175 mill rate. We offer two installment payments to taxpayers: Taxes are due 10/7/2022 and 5/5/2023. 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. Find tax information for the Town of Wells. To determine the market value of property, local assessors use one of three methods. Box 9106 Augusta, ME 04332 919 Main Street. 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. SmartAssets free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. Alternate formats can be requested at (207) 626-8475 or via email. Somerset County stretches from central Maine to the Canada border, and it is a largely rural place. To view PDF or Word documents, you will need the free document readers. Instead, Tax-Rates.org provides property tax statistics based on the taxes owed on millions of properties across Maine. 2022. (Income limits for the 2022 tax year have not yet been released.) Alternate formats can be requested at (207) 626-8475 or via email. Tax-Rates.org The 2022-2023 Tax Resource. Androscoggin is also home to two of Maines most populous cities in Lewiston and Auburn. There are two statewide rules that ensure local assessors value property in an equitable fashion. However, home values in the county are generally the lowest in Maine. In 2022, the Maine Legislature enacted an expanded benefit for veterans through the Property Tax Fairness credit. To view PDF, Word or Excel documents, you will need the free document readers. $54,450 or more. 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. 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. 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. The states average effective property tax rate is 1.09%, while the national average is currently around 0.99%. Commitment Date: August 23, 2022. YEAR 5 .0065 mill rate. As a result, it's not possible to provide a single property tax rate that applies uniformly to all properties in Maine. (Municipal $3.74, School $10.03, County $0.68) Certified Ratio: 100%. Its pretty fascinating to see the growth rate over the past several years. The Municipal Officers of the Town of Bar Harbor, upon request of the Tax Collector of said municipality, . Fryeburg , Maine 04037. 16 Lovewell's Pond Road. %%EOF Androscoggin County has the highest property tax rate in the state of Maine. %PDF-1.6 % The median property tax payment in the county is just $1,602. To view PDF or Word documents, you will need the free document readers. The average Maine property tax bill adds up to $2,524. vc10g`$X Home Where does the excise tax go? This map shows effective 2013 property tax rates* for 488 Maine cities and towns. 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. Enter your financial details to calculate your taxes. Local government in Maine is primarily supported by local property taxes. Commercial Forestry Excise Tax Return. While this benefit is based on the property tax paid by veterans, the benefit is administered through the individual income tax. 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.). An effective rate is the annual property tax payment as a percentage of the total home value. To view PDF or Word documents, you will need the free document readers. Average Retirement Savings: How Do You Compare? Taxes 10/25/22. . Home The table below shows average effective property tax rates for every county in Maine, along with median home values and median annual tax payments. For more information, see the Property Tax Fairness credit. Hint: Press Ctrl+F to search for your county's name. 2022 - 2023 Tax Rate: $14.45 per thousand. Download a copy of your tax bill by clicking the link. Home 2022 Mill Rate breakdown is as follows: Your county's property tax assessor will send you a bill detailing the exact amount of property tax you owe every year. hbbd``b`Z$} D =( 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. If you have been overassessed, we can help you submit a tax appeal. Blind Persons Exemption from Local Property Taxes. Please limit your response to 150 characters or less. Hancock County also has the longest coastline of any of Maines counties, so homeowners seeking beachfront property should find plenty of options. For that reason, it is useful to look at average effective rates. Kennebec residents pay a median property tax bill of $2,292. Seasonal Laborer - Parks Department Summer Camp Counselor - Recreation Department Town Charter Town Council Town Ordinances Assessor 2024 Property Revaluation Abatements Additional Information Appraisal Data Assessment Information Exemptions and Property Tax Relief Programs Maps Property Tax Stabilization Program Tax Commitment Books The typical homeowner in Knox County pays $2,914 annually in property taxes on a median home value of $209,900. Alternate formats can be requested at (207) 626-8475 or via email. Any 2022 tax or portion thereof not paid by the date due is subject to interest at the rate of 4% per annum. Compare FL mortgage rates by loan type. Its annoying, but I guess they wanted to test the Puritan work ethic of us New Englanders . If you have questions about how property taxes can affect your overall financial plans, a financial advisor in Portland can help you out. The second variable is how much your property is assessed at. Enter the selected rate from line 19 of the Tax Rate Form. If youre ready to find an advisor who can help you achieve your financial goals, get started now. With a population of almost 40,000, Knox County is one of the smaller counties in Maine. 100 0 obj <>/Filter/FlateDecode/ID[<4D1FB296E5808CD744BEF338DB6E051F>]/Index[91 21]/Info 90 0 R/Length 69/Prev 208261/Root 92 0 R/Size 112/Type/XRef/W[1 3 1]>>stream Property taxes are collected on a county level, and each county in Maine has its own method of assessing and collecting taxes. This is the decimal tax rate rather than the mil rate. The countys average effective property tax rate is 1.65%. These tax rates are calculated in order to facilitate equitable comparisons. 1)Vbb+z\FF\FK!2X"7;%H"mdv>"~0^oN"Q2iYO'8]i7&z8qY2I@~V#QQ1Oq&$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. Maine is ranked number twenty out of the fifty states, in order of the average amount of property taxes collected. numbers 1-5 are reflected in the City Tax Computation image. MRS does not guarantee the accuracy of calculations in fillable PDF forms; Check all numbers. For example, the average effective rate in Hancock County is 1.03%, lowest in the state. endstream endobj startxref While this benefit is based on the property tax paid by veterans, the benefit is administered through the individual income tax. The most common is the sales comparison approach, which looks at the sale prices of similar nearby homes to determine what your home would likely get on the market. Property Tax The statistics provided here are state-wide. A homeowner's bill is determined by the rate a . Compute the property tax levy by multiplying line 11 by line 12. hb```f`` cBFV 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. 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.