Phillips, Franklin County, Maine Property Taxes
Median Phillips, ME effective property tax rate: 1.92%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Phillips, ME home value: $105,568
Median annual Phillips, ME tax bill: $2,010, $390 lower than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Phillips, 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 Phillips’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Phillips, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Phillips, Franklin County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.92%
Estimate Property Tax Bill
$2,027
$1,881
Property Tax Rates Across Phillips, Franklin County, Maine
Local government entities determine tax rates, which can differ significantly across a state. This occurs because each county annually calculates its budget needs to provide essential services and then divides this by the total value of all taxable properties within its jurisdiction. This process results in the property tax rate. Although setting tax rates and budgets involves votes and legal stipulations, this is the yearly procedure in simple terms.
Comparing Phillips' effective property tax rate with other cities in Maine reveals how it aligns with broader state and national trends. Phillips, located in Franklin County, has a median property tax rate of 1.92%, which stands notably above the national median of 1.02%. This indicates a higher tax burden for property owners in Phillips compared to many other parts of the country. Understanding these differences in tax rates can help property owners make informed decisions about their investments and financial planning. By knowing where your city stands, you can better anticipate your property tax obligations and explore potential appeals or exemptions that may be available to you.
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 Phillips Tax Rate
1.92%
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 Phillips, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04966 | 1.92% | 1.92% | 1.92% | 1.92% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Phillips, Franklin County, Maine
When examining property taxes in Phillips, 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 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 Phillips.
For example, the median home price in Phillips is $105,568, with tax bills ranging significantly across the county. The zip code 04966 has the highest median home price at $105,568.
Property Tax Assessment Values Across Phillips, Franklin County, Maine
Source: Ownwell
$26,240
$129,348
$232,455
Median Phillips Market Value
$105,568
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 Phillips, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04966 | $54,228 | $77,625 | $105,568 | $146,922 | $202,986 |
Source: Ownwell
Property Tax Bills Across Phillips, Franklin County, Maine
In Phillips, located in Franklin County, ME, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value. Homeowners in Phillips face property tax bills that can vary significantly. The 25th percentile tax bill is $1,458, while the 75th percentile reaches $2,810, and the 90th percentile climbs to $3,804. The median home price in Phillips is $105,568, which influences the tax bill calculation. Compared to the national median property tax rate of 1.02%, Phillips residents may experience tax bills that align with or exceed the national median of $2,400, depending on their property's assessed value.
Ownwell can assist homeowners in Phillips by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners reduce their tax burdens. This tailored approach ensures that property owners pay only their fair share, potentially saving them significant amounts on their annual tax bills.
Median Phillips Tax Bill
$2,010
Median Franklin County Tax Bill
$1,981
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Phillips, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04966 | $1,041 | $1,458 | $2,010 | $2,810 | $3,804 |
Source: Ownwell