Sandy River Plt, Franklin County, Maine Property Taxes
Median Sandy River Plt, ME effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Sandy River Plt, ME home value: $224,600
Median annual Sandy River Plt, ME tax bill: $1,298, $1,102 lower than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Sandy River Plt, 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 Sandy River Plt’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sandy River Plt, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sandy River Plt, Franklin County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.58%
Estimate Property Tax Bill
$1,303
$1,209
Property Tax Rates Across Sandy River Plt, Franklin County, Maine
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although the process involves votes and legislation, this is the annual method in a nutshell.
In Sandy River Plt, located in Franklin County, the effective property tax rate can be compared to other cities in Maine and the median property tax rates in the state and across the U.S. Maine's median property tax rate is notably below the national median of 1.02%, indicating potential savings for property owners. This makes Sandy River Plt an attractive location for those looking to benefit from lower property tax rates while still enjoying the services funded by these taxes. This balance between reasonable tax rates and quality public services highlights the importance of understanding local tax structures when considering property investments.
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 Sandy River Plt Tax Rate
0.58%
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 Sandy River Plt, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04970 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Sandy River Plt, Franklin County, Maine
When examining property taxes in Sandy River Plt, 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 Sandy River Plt. For example, the median home price in Sandy River Plt is $224,600, with tax bills ranging significantly across the county. ZIP code 04970 has the highest median home price at $224,600.
Property Tax Assessment Values Across Sandy River Plt, Franklin County, Maine
Source: Ownwell
$26,240
$129,348
$232,455
Median Sandy River Plt Market Value
$224,600
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 Sandy River Plt, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04970 | $109,434 | $163,400 | $224,600 | $294,000 | $416,720 |
Source: Ownwell
Property Tax Bills Across Sandy River Plt, Franklin County, Maine
Median Sandy River Plt Tax Bill
$1,298
Median Franklin County Tax Bill
$1,981
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Sandy River Plt, Franklin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04970 | $718 | $952 | $1,298 | $1,699 | $2,408 |
Source: Ownwell
