Your county's property tax assessor will send you a bill detailing the exact amount of property tax you owe every year. While this benefit is based on the property tax paid by veterans, the benefit is administered through the individual income tax. Get driving directions to this office. 2023. Box 9106 Augusta, ME 04332 Jump to county list . 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. Property tax rates in the county are reasonably close to the state average, as the average effective rate here is 1.53%. The average effective property tax rate in the county is 1.34%. Rates vary significantly depending on where in Maine you live, however. Discover Portland Moving Guide Startups & Tech Neighborhoods Guide Finding a job The revaluation will be completed by August 2022. Sanford , Maine 04073. YEAR 6 .0040 mill rate. The typical Maine resident will pay $2,756 a year in property taxes. 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. 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 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 . Property Tax 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. Download a copy of your tax bill by clicking the link. You can appeal your property assessment, and success means your tax bill could be lowered by hundreds to thousands of dollars. To view PDF or Word documents, you will need the free document readers. For the most part, municipalities administer real estate taxes in Maine. 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 $1,065.00 (1.04% of median home value) per year. During the decade after the economic recession of the late 1980s, the state's over-reliance on the property tax became even more pronounced. Are you looking to move to a town or city in Maine, but also want to get a sense of what the property tax (or mil rate) is? Androscoggin is also home to two of Maines most populous cities in Lewiston and Auburn. The U.S. housing . hbbd```b``z"A$C3diV r/ 8Y 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. How would you rate your experience using this SmartAsset tool? MRS does not guarantee the accuracy of calculations in fillable PDF forms; Check all numbers. Tax Rates. Maine also offers exemptions that residents can claim in order to decrease their property taxes. The statewide median rate is $14.30 for every $1,000 of assessed value. endstream endobj startxref Today, property taxes in Maine generate approximately $1.8 billion a year to fund local government services. Get driving directions to this office. Instead, Tax-Rates.org provides property tax statistics based on the taxes owed on millions of properties across Maine. In Portland, the largest city in the county as well as the state, the 2020 tax rate is 23.31 mills. Homeowners Guide to Property Tax in Maine Click here to download the 2011-2112 Personal Property Tax Commitment. 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. $108,900 or more. 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. >(f`#BCjmLXYwH3q N>#@ h4 The typical homeowner in York County pays $3,361 annually in property taxes, which is well above the U.S. median. 91 0 obj <> endobj Town of Wells Assessor. In fact, the county's 1.56% average effective property tax rate is the second highest in Maine. Maine CommunitiesHome Sales & StatisticsPortland NeighborhoodsWhy Maine? YEAR 1 .0240 mill rate. 2022 Mill Rate breakdown is as follows: Because assessment levels vary between municipalities in Maine, mill rates in one area cannot be directly compared to mill rates in another. The new provisions of the tax cut package would . This is the decimal tax rate rather than the mil rate. Taxes Consolidated Spreadsheet. Want to learn more about your mortgage payments? For example, the average effective rate in Hancock County is 1.03%, lowest in the state. For example, Mount Desert has a low mil rate, but that doesn't mean the property taxes are cheap on those multi-million dollar homes. In 1997, 44% of the total revenue raised by the states three major tax systems was generated by the property tax. Average Retirement Savings: How Do You Compare? The Municipal Officers of the Town of Bar Harbor, upon request of the Tax Collector of said municipality, . hXrH+pBZf;4a$Z (4 JoFo_OW<7W$WHvW'?a cWx$^,1K}9"sqB|\(be oi6v}V~%+YnW6dGklh>,u:S$7ww(b-M Gms. 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 tax bills were mailed shortly after the commitment date. 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. These tax rates are calculated in order to facilitate equitable comparisons. 2020 - 2022 Tax Alerts. To determine the market value of property, local assessors use one of three methods. In Maine, any person who owns real estate on April 1st of the year is responsible for paying taxes on that property. 8/1/22. 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. At that rate, a homeowner whose home is worth $150,700 would pay $1,974 annually in property taxes. This map shows effective 2013 property tax rates* for 488 Maine cities and towns. 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. Alternate formats can be requested at (207) 626-8475 or via email. YT[fQsA'uKPCSg}NiNM^h+ ^ L Blind Persons Exemption from Local Property Taxes. Revaluation Project 2021-2022 The Town of Falmouth commenced its revaluation of all real estate beginning in January 2021. This unit is responsible for providing technical support to municipal assessors, taxpayers, legislators, and other governmental agencies. New veteran benefit. 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 At the median rate, the tax bill on a . Your feedback is very important to us. For example, Mount Desert has a low mil rate, but that doesnt mean the property taxes are cheap on those multi-million dollar homes. Maximum Rate. Municipal Services The Municipal Services Unit is one of two areas that make up the Property Tax Division. Maine Property Tax Rates by Town (The Master List) Are you looking to move somewhere in Maine, but want to estimate how much you'd pay in property taxes? 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. One-Time Checkup with a Financial Advisor. Each year, the Property Tax Division compiles a list of municipal information based on a survey submitted by each municipality. We offer two installment payments to taxpayers: Taxes are due 10/7/2022 and 5/5/2023. 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% Thank you for your answer! The town that collects the excise tax can . 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. Tax-Rates.org provides free access to tax rates, calculators, and more. Alternate formats can be requested at (207) 626-8475 or via email. 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; . There are two statewide rules that ensure local assessors value property in an equitable fashion. $46,000-$108,899. hb```f`` cBFV vc10g`$X Alternate formats can be requested at (207) 626-8475 or via email. The exact property tax levied depends on the county in Maine the property is located in. The median property tax in Maine is $1,936.00 per year for a home worth the median value of $177,500.00. Androscoggin County has the highest property tax rate in the state of 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. 54 0 obj <>stream 2022. The rates that appear on tax bills in Maine are generally denominated in millage rates. Anyways, I hope you enjoy searching through this list. The median property tax payment residents make in Cumberland County annually is a high $4,217. If youre ready to find an advisor who can help you achieve your financial goals, get started now. An individual who is legally blind may also receive an exemption of $4,000. The second variable is how much your property is assessed at. 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. Source: Maine.gov. Tax Return Forms Municipalities that fail to meet these standards are required to do a revaluation of all property in their district. 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 . 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. Hancock County. 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. If you have questions about how property taxes can affect your overall financial plans, a financial advisor in Portland can help you out. Property Tax Collection. Maine is ranked number twenty out of the fifty states, in order of the average amount of property taxes collected. Line 12: 2022 Property Tax Rate. Property taxes are collected on a county level, and each county in Maine has its own method of assessing and collecting taxes. Property Taxes Property taxes are assessed to the owner of record as of April 1 of the given year against real and personal property. (Municipal $3.74, School $10.03, County $0.68) Certified Ratio: 100%. (optional). Both real (land and buildings) and personal property (tangible goods) are subject to taxation, unless they are exempted by law or subject to another form of taxation, such as the excise tax for motor vehicles and boats. 2n>@Au5G.4)nh"8dqB& @; ,bJm130@if ]n$u1 ,g,H3q20B 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`{ 6.75%. 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 maximum rate of interest that can be charged per Title 36, M.R.S.A. What's specifically owed depends on the just value, or market value, of the property and the local tax rate. Fillable Form 800. endstream endobj startxref hUmo@+qS%RmiND If you have been overassessed, we can help you submit a tax appeal. A mill is the tax per thousand dollars in assessed 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. 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. 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. Kennebec has a lower median home value ($164,000) than other more expensive counties in Maine. 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 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, 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). This is equal to the median property tax paid as a percentage of the median home value in your county. 8.00%. To view PDF, Word or Excel documents, you will need the free document readers. Startups & Tech Companies in Portland, Maine, Winter in Portland, Maine (how bad is it? The property tax . Maine is ranked 17th of the 50 states for property taxes as a percentage of median income. 10/19/22. Maine Property Taxes [Go To Different State] $1,936.00 Avg. Kennebec's average effective property tax rate of 1.40%, however, comes in above Maine's 1.30% statewide average effective rate. Enter your financial details to calculate your taxes. The countys average effective property tax rate of 1.03% is the lowest in the state and below the state average of 1.09%. In addition to the real estate accounts, we also have 531 personal property accounts. 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. To view PDF or Word documents, you will need the free document readers. 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 APR includes both the interest rate and lender fees for a more realistic value comparison. Oxford County. The table below is updated daily with Florida mortgage rates for the most common types of home loans. =-$101,276,986 ; 2022 Property Tax Levy . Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). The second is that two similar properties should never have an assessed value difference of more than 20%. Contact Information: Maine Revenue Services Property Tax Division P.O. 0 Any 2022 tax or portion thereof not paid by the date due is subject to interest at the rate of 4% per annum. Property tax rates in Maine are well above the U.S. average. Taxes are considered delinquent on October 8, 2022 and May 6, 2023. Property tax averages from this county will then be used to determine your estimated property tax. Our office is also staffed to administer and oversee the property tax administration in the unorganized territory. Thus, many homeowners in Aroostook County pay relatively low total tax payments compared to some of the pricier counties in the state. Alternate formats can be requested at (207) 626-8475 or via email. 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. 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. 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. 919 Main Street. You can call the Town Clerk's Office at at (207) 222-1670 to check the status of tax payments. Home The countys average effective property tax rate is 1.31%. Assessment Date & Tax Information. 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 Local government in Maine is primarily supported by local property taxes. 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. Until the early 1950s, the property tax was the only major tax in Maine. 8/1/12. Take a look at this ultimate list - it's broken down by town, county, current mil rate, and growth rate since 2010. To view PDF or Word documents, you will need the free document readers. For that reason, it is useful to look at average effective rates. The following is a list of individual tax rates applied to property located in the unorganized territory. Rev. This amount must match the amount of the tax committed to the tax collector and the amount on line 19 . Home Home With a population of almost 40,000, Knox County is one of the smaller counties in Maine. numbers 1-5 are reflected in the City Tax Computation image. 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. 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 On average, homes in Maine are worth $212,047 with homeowners paying $11.90 for every $1,000 in home value as property taxes. 2022 Budget Expenditures = $360,321,027; 2022 Budget Revenue (state aid, fees, licenses, etc.) An effective rate is the annual property tax payment as a percentage of the total home value. This is not an offer to buy or sell any security or interest. They typically use the money to pay for local services, such as public schools, libraries and law enforcement. That's over $1,400 higher than the national median. hTYo@+#UE! Counties in Maine collect an average of 1.09% of a property's assesed fair market value as property tax per year. ****Please note this file contains both the Personal Property Tax Bills and the Real Estate Tax Bills. I created this page after constantly Googling the rates. Compare week-over-week changes to mortgage rates and APRs in Florida. In 1953, the sales tax on retail transactions was enacted, and in 1969, the states personal income tax was adopted. Lessors that have applied for and received reimbursement for any property taxes assessed on or after April 1, 2002, however, must refund to the lessee any taxes related to the reimbursement that were previously paid by the lessee. Part of the state valuation process includes the preparation of a statistical summary of certain municipal information that must be annually reported to MRS by municipal assessing officials. Box 398. Property Tax Hancock County also has the longest coastline of any of Maines counties, so homeowners seeking beachfront property should find plenty of options. 10/25/22. Property & Taxes Exemptions Provided are descriptions of the three key exemptions related to municipal property tax enacted by Maine law (Title 36, M.R.S.A.). If you arent a Maine homeowner yet, but are considering becoming one, take a look at our Maine mortgage guide. The county's average effective property tax rate of 1.03% is the lowest in the state and below the state average of 1.09%. Hint: Press Ctrl+F to search for your county's name. A financial advisor can help you understand how homeownership fits into your overall financial goals. b5Xa H\D#rVb`$x;@ L R?v YEAR 4 .0100 mill rate. %%EOF %PDF-1.6 % On the other hand, the average effective rate in Androscoggin County is 1.65%, highest in the state. Alternate formats can be requested at (207) 626-8475 or via email. endstream endobj 92 0 obj <> endobj 93 0 obj <> endobj 94 0 obj <>stream Property Tax Law Changes, 2022 New veteran benefit. The Tax Rate is established by the Board of Selectmen each year in August, this year that date was August 16, 2022. ipvVFJ}w6B-;7R!HX >xh. Your Tax is: If Line 19 Form 1040ME is: And Your Filing Status is: At Least But Less . Tax-Rates.org The 2022-2023 Tax Resource. P.O. 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. All investing involves risk, including loss of principal. endstream endobj 28 0 obj <> endobj 29 0 obj <> endobj 30 0 obj <>stream Compare FL mortgage rates by loan type. There is some good news for homeowners, however. Penobscot County is in central Maine and contains the states third-largest city, Bangor. One house on Fitten Street was assessed at $40,488 last year before it sold for $145,000 . Full value tax rates for years 2012 - 2021 (PDF). Property Tax When filing a return, you can take advantage of Maine's standard deduction and exemptions . Rates for years 1990 through 2021 (MS Excel) Rates for years 1990 through 2021 (PDF) Please limit your response to 150 characters or less. There are no guarantees that working with an adviser will yield positive returns. Enter the selected rate from line 19 of the Tax Rate Form. Find tax information for the Town of Wells. However, that figure varies from one county to another. ;"H6@Bp@lkXoJ":Ch%@RKNAGxd[yd.n>V#l"+5L(z7PVSEGS9TG"$:}@Cslf Where does the excise tax go? Excise tax is calculated by multiplying the MSRP by the mill rate as shown below. 0 A wealth of information detailing valuations and exemptions by selected categories, assessment ratios and tax rates, on a town-by-town basis, is compiled. Its annoying, but I guess they wanted to test the Puritan work ethic of us New Englanders . Alternate formats can be requested at (207) 626-8475 or via email. 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. . 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. Taxes Get driving directions to this office. In 2022, the Maine Legislature enacted an expanded benefit for veterans through the Property Tax Fairness credit. Since Portland assesses property at 100% of market value, that implies a tax rate of about 2.33% for real estate owners in the city. 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.