Carthage, Franklin County, Maine Property Taxes

Name: Property Tax Bills Across Carthage, Franklin County, Maine
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Carthage, ME effective property tax rate: 1.85%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Carthage, ME home value: $86,866
Median annual Carthage, ME tax bill: $1,607, $793 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

Property taxes in Carthage, ME are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Carthage’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Carthage, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Carthage, Franklin County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.85%

Estimate Property Tax Bill

$1,607

$1,491

Ownwell’s Carthage Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carthage with just two data points. By entering your property's estimated assessed value, our calculator applies Carthage’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Franklin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Carthage, Franklin County, Maine

Local government entities determine tax rates, leading to significant variation within a state. Each year, counties calculate their required budget to fund services and divide it by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and laws, this is the annual process in essence.

In Carthage, located in Franklin County, the effective property tax rate stands at 1.85%. This rate is higher than the national median property tax rate of 1.02% and also matches the highest and lowest median tax rates within the state. Compared to the national median property tax bill of $2,400, residents in Carthage may experience higher property tax bills due to the elevated tax rate. Understanding these rates is crucial for property owners who are considering appealing their property taxes or seeking exemptions. By comparing Carthage’s effective property tax rate to other cities in Maine and the median property tax rates in the state and the U.S., property owners can gain valuable insights into their tax obligations and make informed decisions.

Property Tax Rates Across Carthage, Franklin County, Maine

Source: Ownwell

0.58%

1.44%

2.30%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Carthage Tax Rate

1.85%

Median Effective Franklin County Tax Rate

1.80%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Carthage, Franklin County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04224	1.85%	1.85%	1.85%	1.85%	1.85%

Source: Ownwell

Property Tax Assessment Values Across Carthage, Franklin County, Maine

When examining property taxes in Carthage, ME, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Franklin County Tax Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Carthage. For example, the median home price in Carthage is $86,866, with tax bills ranging significantly across the county. 04224 has the highest median home price at $86,866.

Property Tax Assessment Values Across Carthage, Franklin County, Maine

Source: Ownwell

$26,240

$129,348

$232,455

Median Carthage Market Value

$86,866

Median Franklin County Market Value

$119,100

Median Maine Market Value

$204,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Carthage, Franklin County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04224	$26,425	$46,893	$86,866	$126,744	$153,644

Source: Ownwell

Property Tax Bills Across Carthage, Franklin County, Maine

In Carthage, located in Franklin County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Carthage is $86,866. Homeowners typically receive tax bills that range from the 25th percentile at $868 to the 90th percentile at $2,843, with the highest median tax bill reported at $1,607. These figures indicate that Carthage's property tax bills can vary significantly, depending on the assessed value of the property and the local tax rate applied. Compared to the national median property tax bill of $2,400, Carthage's tax bills are relatively moderate. This can impact homeowners by influencing their overall housing costs and financial planning. Ownwell offers a solution by helping homeowners appeal their property tax assessments and secure exemptions where applicable. By leveraging expert knowledge and experience, Ownwell can potentially reduce property tax bills, ensuring that homeowners pay only what is fair and equitable, thereby easing their financial burden.

Property Tax Bills Across Carthage, Franklin County, Maine

Source: Ownwell

$604

$1,596

$2,588

Median Carthage Tax Bill

$1,607

Median Franklin County Tax Bill

$1,981

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Carthage, Franklin County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04224	$488	$868	$1,607	$2,344	$2,843

Source: Ownwell