U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Maine
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 12-18-2009, 12:32 PM
 
190 posts, read 748,378 times
Reputation: 47

Advertisements

Can anyone tell me what property tax rates are in these two towns/cities and if property is taxed at 100% of assessed value?

thanks.
Reply With Quote Quick reply to this message

 
Old 12-18-2009, 12:45 PM
 
Location: 3.5 sq mile island ant nest next to Canada
3,015 posts, read 4,873,000 times
Reputation: 2127
I took this off the post "Taxes" started today: Use the second link (untitled). Portland is in Cumberland County and Bath is in Sagadahoc.

These websites will give you a plethora of info on taxes and mil rates by county then city. It should be more than you may want to know.

Maine Revenue Services: Property Tax -

Untitled Document (http://www.state.me.us/revenue/propertytax/municipalservices/fullvaluerates.htm - broken link)

Maine Revenue Services: Property Tax - Statistical Summary

Last edited by retiredtinbender; 12-18-2009 at 12:48 PM.. Reason: Added something
Reply With Quote Quick reply to this message
 
Old 12-18-2009, 01:24 PM
 
Location: South Portland, Maine
2,356 posts, read 4,937,908 times
Reputation: 1511
Quote:
Originally Posted by macdebbie View Post
Can anyone tell me what property tax rates are in these two towns/cities and if property is taxed at 100% of assessed value?

thanks.
If you want to know the property tax rate for any city or town usually you can just go to the web site for that town or city.



City of Portland
The April 1, 2009 (FY2010) tax rate is:
$17.74 per $1000 of valuation



The following basically means that the cities "total" valuation is to be about 95% because it would be impossible to have a pefect valuation every year.. so the city in turn and gives you 95% of any exemptions you are claiming..

The Assessor has certified Portland's ratio between assessed value and market value at 95%. The 95% ratio will be applied to the following tax exemptions which are then deducted from the assessed value of the property:

VETERAN'S EXEMPTION $6,000 x 95% = $5,700
BLIND EXEMPTION $4,000 x 95% = $3,800
MAINE HOMESTEAD EXEMPTION $13,000 x 95 = $12,350



I went to the bath website and looked at the assessors link but couldn't find the exact mil rate... it will most likely be somewhere between 16-20 depending on the last valuation... "usually when home prices go up they mil rate goes down"
Reply With Quote Quick reply to this message
 
Old 12-18-2009, 01:33 PM
 
Location: Gorham, Maine
1,815 posts, read 4,269,127 times
Reputation: 1240
The mill rate in Portland is 17.74 per thousand, and the city believes the assessed value is 95% of market value. If the house is assessed at $425,200, the property taxes are $7543.06. However with the Homestead Exemption (95% of $13,000), those taxes would be reduced to $7323.96. All Maine homeowners are eligible for the Homestead Exemption on their primary residences that they've owned for 12 months, but you have to apply for it.

I was involved of the sale of this house in November and it sold for 365,000, which is 86% of its assessed value. This is fairly typical so when you see houses advertised as "under assessed value," don't be fooled.

The mill rate in Bath is 17.20 per thousand, which they believe is 97.9 of market value. I do not work in Bath, so I can't comment on how close the assessed value is to the market value. Bath does grant the entire 13,000 of the Homestead Exemption.
Reply With Quote Quick reply to this message
 
Old 12-18-2009, 03:29 PM
 
Location: Gorham, Maine
1,815 posts, read 4,269,127 times
Reputation: 1240
Quote:
Originally Posted by retiredtinbender View Post
The State allows the assessor to increase his certified ratio (assessed value verssus market value) by 10% so anything above 90% brings in 100% of the homestead, veterans and other exemptions. The certified ratio is set by the State using a sales ratio study which is done every year for sales from July to June. Portland must have started at 86% if it's at 96 now.
Portland is at 95% 86% was my example, sorry to have confused you.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Maine
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top