Freeman Twp, Franklin County, Maine Property Taxes
Median Freeman Twp, ME effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Freeman Twp, ME home value: $145,595
Median annual Freeman Twp, ME tax bill: $1,202, $1,198 lower than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Freeman Twp, 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 Freeman Twp’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Freeman Twp, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Freeman Twp, Franklin County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$1,208
$1,121
Property Tax Rates Across Freeman Twp, Franklin County, Maine
Local government entities determine property tax rates, leading to significant variations within a state. Each year, counties like Franklin in Maine calculate their budgets to provide essential services and divide this by the total assessed value of all taxable properties within their boundaries. This forms the basis for the property tax rate. While the process involves votes and legislation, this annual calculation is at its core.
In Freeman Township, the effective property tax rate is a reflection of these calculations and can be compared to other cities in Maine, as well as the median property tax rates both statewide and nationally. With Maine’s median property tax rate being below the national median of 1.02%, property owners in Freeman Township may find themselves with a relatively favorable rate. This comparison underscores the importance of understanding local tax dynamics and how they impact property owners. By staying informed, residents can better navigate the complexities of property taxes and potentially identify opportunities for savings through appeals or exemptions.
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 Freeman Twp Tax Rate
0.83%
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 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 Freeman Twp, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04983 | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Freeman Twp, Franklin County, Maine
When examining property taxes in Freeman Twp, 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 Appraisal District 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 the season. 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 Freeman Twp.
For example, the median home price in Freeman Twp is $145,595, with tax bills ranging significantly across the county. Zip code 04983 has the highest median home price at $145,595.
Property Tax Assessment Values Across Freeman Twp, Franklin County, Maine
Source: Ownwell
$26,240
$129,348
$232,455
Median Freeman Twp Market Value
$145,595
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 Freeman Twp, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04983 | $33,518 | $89,848 | $145,595 | $197,918 | $276,332 |
Source: Ownwell
Property Tax Bills Across Freeman Twp, Franklin County, Maine
Median Freeman Twp Tax Bill
$1,202
Median Franklin County Tax Bill
$1,981
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Freeman Twp, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04983 | $283 | $742 | $1,202 | $1,635 | $2,283 |
Source: Ownwell
