Levant, Penobscot County, Maine Property Taxes
Median Levant, ME effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Levant, ME home value: $101,100
Median annual Levant, ME tax bill: $1,188, $1,212 lower than the national median property tax bill of $2,400.
How are property taxes in Penobscot calculated?
Property taxes in Levant, 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 Levant’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Levant, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Levant, Penobscot County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.18%
Estimate Property Tax Bill
$1,193
$1,107
Property Tax Rates Across Levant, Penobscot County, Maine
Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budgetary needs to fund essential services and divides that by the total value of all taxable property in its jurisdiction. This process determines the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is the fundamental annual process.
In Levant, located in Penobscot County, Maine, the effective property tax rate can be compared to other cities within the state and the broader national context. Maine's median property tax rate is notably higher than the national median of 1.02%. This comparison highlights the variability and impact of local tax rates on homeowners. Understanding these differences is crucial for property owners, as they directly affect annual tax bills. By staying informed, property owners can better navigate the complexities of property taxes and potentially identify opportunities for appeals or exemptions, ultimately reducing their financial burden.
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 Levant Tax Rate
1.18%
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 Levant, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04456 | 1.17% | 1.17% | 1.18% | 1.18% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Levant, Penobscot County, Maine
When examining property taxes in Levant, 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 Levant. For example, the median home price in Levant is $101,100, with tax bills ranging significantly across the county. Zip code 04456 has the highest median home price at $101,100.
Property Tax Assessment Values Across Levant, Penobscot County, Maine
Source: Ownwell
$49,573
$134,232
$218,890
Median Levant Market Value
$101,100
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 Levant, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04456 | $25,250 | $64,125 | $101,100 | $147,925 | $185,780 |
Source: Ownwell
Property Tax Bills Across Levant, Penobscot County, Maine
In Levant, located in Penobscot County, ME, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is typically a percentage of the market value, which is influenced by factors such as property size, location, and improvements. In Levant, the median home price is $101,100, with property tax bills ranging from $753 at the 25th percentile to $2,183 at the 90th percentile. The median tax bill is $1,188, which is lower than the national median of $2,400.
For homeowners, understanding these factors is crucial as they directly impact the annual property tax obligation. Ownwell offers expert property tax appeal and exemption services to help homeowners potentially reduce their tax bills. By leveraging local expertise and a thorough analysis of property assessments, Ownwell identifies discrepancies and opportunities for savings. This can lead to significant reductions in property tax liabilities, providing financial relief and peace of mind for homeowners in Levant.
Median Levant Tax Bill
$1,188
Median Penobscot County Tax Bill
$2,548
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Levant, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04456 | $303 | $753 | $1,188 | $1,738 | $2,183 |
Source: Ownwell
