Lily Bay Twp, Piscataquis County, Maine Property Taxes

Name: Property Tax Bills Across Lily Bay Twp, Piscataquis County, Maine
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lily Bay Twp, ME effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Lily Bay Twp, ME home value: $180,295
Median annual Lily Bay Twp, ME tax bill: $1,262, $1,138 lower than the national median property tax bill of $2,400.

How are property taxes in Piscataquis calculated?

Property taxes in Lily Bay 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 Lily Bay Twp’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lily Bay Twp, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lily Bay Twp, Piscataquis County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.69%

Estimate Property Tax Bill

$1,193

$1,108

Ownwell’s Lily Bay Twp Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lily Bay Twp with just two data points. By entering your property's estimated assessed value, our calculator applies Lily Bay Twp’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Piscataquis County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lily Bay Twp, Piscataquis County, Maine

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Lily Bay Township, located in Piscataquis County, Maine, the effective property tax rate stands at 0.68%. This rate aligns with both the highest and lowest median tax rates within the county, indicating a uniformity in property tax rates across different areas. Comparatively, the national median property tax rate is higher, at 1.02%, with a median property tax bill of $2,400. This positions Lily Bay Township favorably for property owners, as they benefit from lower tax rates compared to the national average. Understanding these differences can be crucial for property owners seeking to optimize their tax savings.

Property Tax Rates Across Lily Bay Twp, Piscataquis County, Maine

Source: Ownwell

0.26%

1.50%

2.73%

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 Lily Bay Twp Tax Rate

0.69%

Median Effective Piscataquis County Tax Rate

1.82%

Median Effective Maine Tax Rate

1.47%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lily Bay Twp, Piscataquis County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04441	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Lily Bay Twp, Piscataquis County, Maine

When examining property taxes in Lily Bay 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 Piscataquis 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 Piscataquis County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Lily Bay Twp. For example, the median home price in Lily Bay Twp is $180,295, with tax bills ranging significantly across the county. 04441 has the highest median home price at $180,295.

Property Tax Assessment Values Across Lily Bay Twp, Piscataquis County, Maine

Source: Ownwell

$44,450

$302,775

$561,100

Median Lily Bay Twp Market Value

$172,970

Median Piscataquis County Market Value

$117,240

Median Maine Market Value

$242,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lily Bay Twp, Piscataquis County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04441	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Lily Bay Twp, Piscataquis County, Maine

In Lily Bay Township, located in Piscataquis County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to generate the annual property tax bill. Factors such as home improvements, market trends, and neighborhood developments can influence this assessed value. The median home price in Lily Bay Township is $180,295, with tax bills ranging from the 25th percentile at $1,222 to the 90th percentile at $1,579. The median property tax bill is $1,262, which is significantly lower than the national median of $2,400, reflecting a lower financial burden on homeowners in this area. However, even with relatively low tax bills, homeowners can benefit from ensuring their property is not over-assessed. This is where Ownwell can assist, providing expert property tax appeal and exemption services to potentially reduce tax obligations, ensuring homeowners pay only their fair share.

Property Tax Bills Across Lily Bay Twp, Piscataquis County, Maine

Source: Ownwell

$729

$1,650

$2,570

Median Lily Bay Twp Tax Bill

$1,188

Median Piscataquis County Tax Bill

$1,955

Median Maine Tax Bill

$3,569

Median United States Tax Bill

$2,400

Property Tax Bills Across Lily Bay Twp, Piscataquis County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04441	N/A	N/A	N/A	N/A	N/A

Source: Ownwell