Unorganized Territory 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. Property Tax Alternate formats can be requested at (207) 626-8475 or via email. We offer two installment payments to taxpayers: Taxes are due 10/7/2022 and 5/5/2023. We can check your property's current assessment against similar properties in Maine and tell you if you've been overassessed. Fillable Form 800. For instance, homeowners in Lincoln County pay an average of $2,467 while those in Washington County pay $1,522. The statistics provided here are state-wide. Tax Increment Finance Authority (TIFA) Reimbursement Captures. Check out our monthly mortgage payment calculator. Property tax rates in Maine are well above the U.S. average. Rates for years 1990 through 2021 (MS Excel) Rates for years 1990 through 2021 (PDF) 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 Get driving directions to this office. 2020 - 2022 Tax Alerts. Download a copy of your tax bill by clicking the link. (Income limits for the 2022 tax year have not yet been released.) Taxes During the decade after the economic recession of the late 1980s, the state's over-reliance on the property tax became even more pronounced. Each year, the Property Tax Division compiles a list of municipal information based on a survey submitted by each municipality. Home To view PDF, Word or Excel documents, you will need the free document readers. The most populous county in Maine, Cumberland County also has among the highest property tax rates. Municipal Services. Revaluation Project 2021-2022 The Town of Falmouth commenced its revaluation of all real estate beginning in January 2021. 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. The first states that assessed values cannot be less than 70% of fair market value. In 1997, 44% of the total revenue raised by the states three major tax systems was generated by the property tax. The following is a list of individual tax rates applied to property located in the unorganized territory. You can appeal your property assessment, and success means your tax bill could be lowered by hundreds to thousands of dollars. On average, homes in Maine are worth $212,047 with homeowners paying $11.90 for every $1,000 in home value as property taxes. Your feedback is very important to us. YEAR 1 .0240 mill rate. Municipal Valuation Return Statistical Summary. The Municipal Services Unit is one of two areas that make up the Property Tax Division. endstream endobj 28 0 obj <> endobj 29 0 obj <> endobj 30 0 obj <>stream The exact property tax levied depends on the county in Maine the property is located in. 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. I created this page after constantly Googling the rates. 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. numbers 1-5 are reflected in the City Tax Computation image. 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.). 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 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. 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 Average Retirement Savings: How Do You Compare? The Municipal Services Unit is one of two areas that make up the Property Tax Division. . (optional). 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). hb```f`` cBFV Contact Information: Maine Revenue Services Property Tax Division P.O. 2022 Mill Rate breakdown is as follows: The countys average effective property tax rate is 1.39%, slightly above the state average. However, home values in the county are generally the lowest in Maine. YEAR 6 .0040 mill rate. On the other hand, the average effective rate in Androscoggin County is 1.65%, highest in the state. The Tax Rate is established by the Board of Selectmen each year in August, this year that date was August 16, 2022. Line 12: 2022 Property Tax Rate. 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. These tax rates are calculated in order to facilitate equitable comparisons. The countys average effective rate is 1.46%. The countys average effective property tax rate is 1.65%. The TAX RATE for Fiscal Year 2023 is $11.15. All investing involves risk, including loss of principal. The rates that appear on tax bills in Maine are generally denominated in millage rates. Want to learn more about your mortgage payments? YT[fQsA'uKPCSg}NiNM^h+ ^ L Kennebec County is home to Augusta, Maine's state capital. The second is that two similar properties should never have an assessed value difference of more than 20%. How would you rate your experience using this SmartAsset tool? Delinquent Tax Rates. Youve come to the right place. Tax-Rates.org The 2022-2023 Tax Resource. 2022. If you have questions about how property taxes can affect your overall financial plans, a financial advisor in Portland can help you out. $108,900 or more. hb```f``2c`a`bc`@ rl``x/ XR{. 0 In Maine, any person who owns real estate on April 1st of the year is responsible for paying taxes on that property. Property Tax Forms. 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 Consolidated Spreadsheet. 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. The personal and corporate income tax generated 30% of that total, and the sales tax generated 26%. Anyways, I hope you enjoy searching through this list. This amount must match the amount of the tax committed to the tax collector and the amount on line 19 . If you have been overassessed, we can help you submit a tax appeal. Excise tax is calculated by multiplying the MSRP by the mill rate as shown below. Property Tax A wealth of information detailing valuations and exemptions by selected categories, assessment ratios and tax rates, on a town-by-town basis, is compiled. Contact Info: (207) 646 6081 (Phone) (207) 646 2935 (Fax) The Town of Wells Tax Assessor's Office is located in Wells, Maine. 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. 2022 - $9.32 per $1000 valuation; 2021 - $9.74 per $1000 valuation; . Property Tax Law Changes, 2022 New veteran benefit. 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. The countys average effective property tax rate is 1.31%. YEAR 4 .0100 mill rate. Commercial Forestry Excise Tax Return. endstream endobj startxref The median property tax payment in the county is just $1,602. 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; . hTYo@+#UE! Somerset County stretches from central Maine to the Canada border, and it is a largely rural place. 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. 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 statewide median rate is $14.30 for every $1,000 of assessed value. Senior veterans who are 62 or older may be eligible for an exemption of $6,000. For example, the average effective rate in Hancock County is 1.03%, lowest in the state. Tax Rates The following is a list of individual tax rates applied to property located in the unorganized territory. New veteran benefit. The average property tax bill in New Jersey was $9,490 in 2022, an increase of slightly more than 2% when compared with the previous year. When filing a return, you can take advantage of Maine's standard deduction and exemptions . Oxford County is located in western Maine along the New Hampshire border. hbbd```b``z"A$C3diV r/ 8Y %PDF-1.6 % YEAR 2 .0175 mill rate. Box 9106 Augusta, ME 04332 Property tax averages from this county will then be used to determine your estimated property tax. vc10g`$X Business Equipment Tax Reimbursement. This map shows effective 2013 property tax rates* for 488 Maine cities and towns. 54 0 obj <>stream At the median rate, the tax bill on a . The tax bills were mailed shortly after the commitment date. A financial advisor can help you understand how homeownership fits into your overall financial goals. In Portland, the largest city in the county as well as the state, the 2020 tax rate is 23.31 mills. 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. Wells , Maine 04090. However, that figure varies from one county to another. As a result, it's not possible to provide a single property tax rate that applies uniformly to all properties in Maine. With a population of almost 40,000, Knox County is one of the smaller counties in Maine. Property Taxes Property taxes are assessed to the owner of record as of April 1 of the given year against real and personal property. Maine Real Property Taxes. 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. Thank you for your answer! What is the most important reason for that score? Property tax rates in the county are reasonably close to the state average, as the average effective rate here is 1.53%. They typically use the money to pay for local services, such as public schools, libraries and law enforcement. )(csq`>aeQF Oxford County. 27 0 obj <> endobj 16 Lovewell's Pond Road. 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. You can call the Town Clerk's Office at at (207) 222-1670 to check the status of tax 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. (Municipal $3.74, School $10.03, County $0.68) Certified Ratio: 100%. Fryeburg Town Office. For that reason, it is useful to look at average effective rates. A wealth of information detailing valuations and exemptions by selected categories, assessment ratios and tax rates, on a town-by-town basis, is compiled. MRS does not guarantee the accuracy of calculations in fillable PDF forms; Check all numbers. Maximum Rate. While this benefit is based on the property tax paid by veterans, the benefit is administered through the individual income tax. Contact Info: (207) 935 2805 (Phone) (207) 935 6008 (Fax) The Town of Fryeburg Tax Assessor's Office is located in Fryeburg, Maine. 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 Each year, Maine Revenue Services determines the full equalized value of each municipality and subsequently calculates a full value tax rate. One house on Fitten Street was assessed at $40,488 last year before it sold for $145,000 . Alternatively, you can find your county on the Maine property tax map found at the top of this page. An individual who is legally blind may also receive an exemption of $4,000. Blind Persons Exemption from Local Property Taxes. Alternate formats can be requested at (207) 626-8475 or via email. 10/25/22. Alternate formats can be requested at (207) 626-8475 or via email. For more localized statistics, you can find your county in the Maine property tax map or county list found on this page. To view PDF or Word documents, you will need the free document readers. 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. 91 0 obj <> endobj 6.75%. ). >(f`#BCjmLXYwH3q N>#@ h4 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. This is not an offer to buy or sell any security or interest. One-Time Checkup with a Financial Advisor. 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. To view PDF or Word documents, you will need the free document readers. The APR includes both the interest rate and lender fees for a more realistic value comparison. In Maine, the median property tax rate is $1,093 per $100,000 of assessed home value. %%EOF Instead, Tax-Rates.org provides property tax statistics based on the taxes owed on millions of properties across Maine. Until the early 1950s, the property tax was the only major tax in Maine. Any 2022 tax or portion thereof not paid by the date due is subject to interest at the rate of 4% per annum. To view tax parcel maps, click here. For example, Mount Desert has a low mil rate, but that doesnt mean the property taxes are cheap on those multi-million dollar homes. Kennebec's average effective property tax rate of 1.40%, however, comes in above Maine's 1.30% statewide average effective rate. 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 . These rates apply to the tax bills that were mailed in August, 2022and due October 1, 2022. Your county's property tax assessor will send you a bill detailing the exact amount of property tax you owe every year. Taxes 7.15%. The average Maine property tax bill adds up to $2,524. This unit is responsible for providing technical support to municipal assessors, taxpayers, legislators, and other governmental agencies. Fryeburg , Maine 04037. 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. The maximum rate of interest that can be charged per Title 36, M.R.S.A. Maine is ranked number twenty out of the fifty states, in order of the average amount of property taxes collected.
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