Bradford, Penobscot County, Maine Property Taxes
Median Bradford, ME effective property tax rate: 1.99%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Bradford, ME home value: $93,500
Median annual Bradford, ME tax bill: $1,861, $539 lower than the national median property tax bill of $2,400.
How are property taxes in Penobscot calculated?
Property taxes in Bradford, 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 Bradford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bradford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bradford, Penobscot County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.99%
Estimate Property Tax Bill
$1,861
$1,727
Property Tax Rates Across Bradford, Penobscot County, Maine
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 Bradford Tax Rate
1.99%
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 Penobscot County Tax Rate
1.92%
Median Effective Maine Tax Rate
1.57%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bradford, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04410 | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Bradford, Penobscot County, Maine
When examining property taxes in Bradford, 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 Penobscot 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 Penobscot 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 Bradford.
For example, the median home price in Bradford is $93,500, with tax bills ranging significantly across the county. Zip code 04410 has the highest median home price at $93,500.
Property Tax Assessment Values Across Bradford, Penobscot County, Maine
Source: Ownwell
$49,573
$134,232
$218,890
Median Bradford Market Value
$93,500
Median Penobscot County Market Value
$141,580
Median Maine Market Value
$204,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bradford, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04410 | $39,650 | $60,725 | $93,500 | $125,450 | $154,350 |
Source: Ownwell
Property Tax Bills Across Bradford, Penobscot County, Maine
In Bradford, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions are considered during assessment. Homeowners in Bradford face a median property tax bill of approximately $1,861, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,208 and the 90th percentile reaching $3,072. This variability can impact homeowners' financial planning and budgeting.
Ownwell assists homeowners by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell can help reduce over-assessed values, potentially lowering tax bills. Additionally, Ownwell offers guidance on available exemptions, ensuring homeowners take advantage of all possible savings. With Ownwell's expertise, Bradford homeowners can effectively manage their property tax liabilities and achieve significant savings.
Median Bradford Tax Bill
$1,861
Median Penobscot County Tax Bill
$2,548
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Bradford, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04410 | $789 | $1,208 | $1,861 | $2,496 | $3,072 |
Source: Ownwell