Brooks, Waldo County, Maine Property Taxes
Median Brooks, ME effective property tax rate: 1.70%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Brooks, ME home value: $124,900
Median annual Brooks, ME tax bill: $2,123, $277 lower than the national median property tax bill of $2,400.
How are property taxes in Waldo calculated?
Property taxes in Brooks, 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 Brooks’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Brooks, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Brooks, Waldo County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.8%
Estimate Property Tax Bill
$2,806
$2,604
Ownwell’s Brooks Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Brooks with just two data points.
By entering your property's estimated assessed value, our calculator applies Brooks’ 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 Waldo County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Brooks, Waldo County, Maine
Local government entities determine property tax rates, which can significantly differ across regions. Each year, counties calculate their necessary budget to maintain services and divide this amount by the total assessed value of all taxable properties in their area. This process establishes the property tax rate. Although votes and legislation play a role in determining tax rates and budgets, this is the fundamental procedure followed annually.
In Brooks, located in Waldo County, the effective property tax rate stands at 1.70%, which is notably higher than the national median of 1.02%. This rate is consistent across the county, as evidenced by the uniform tax rate in the 04921 zip code. Comparatively, Maine's median property tax rate aligns with Brooks, reflecting a state trend of higher property tax rates than the national average. This means that residents in Brooks may pay more in property taxes compared to other regions in the U.S., where the median property tax bill is approximately $2,400. Understanding these differences can help property owners in Brooks make informed decisions about their tax liabilities.
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 Brooks Tax Rate
1.80%
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 Waldo County Tax Rate
1.54%
Median Effective Maine Tax Rate
1.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Brooks, Waldo County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04921 | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Brooks, Waldo County, Maine
When examining property taxes in Brooks, Maine, 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 Waldo 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 Waldo 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 Brooks. For example, the median home price in Brooks is $124,900, with tax bills ranging significantly across the county. Zip code 04921 has the highest median home price at $124,900.
Property Tax Assessment Values Across Brooks, Waldo County, Maine
Source: Ownwell
$123,845
$222,623
$321,400
Median Brooks Market Value
$155,900
Median Waldo County Market Value
$197,900
Median Maine Market Value
$242,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Brooks, Waldo County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04921 | $57,640 | $110,600 | $155,900 | $207,900 | $287,060 |
Source: Ownwell
Property Tax Bills Across Brooks, Waldo County, Maine
Median Brooks Tax Bill
$2,806
Median Waldo County Tax Bill
$3,078
Median Maine Tax Bill
$3,569
Median United States Tax Bill
$2,400
Property Tax Bills Across Brooks, Waldo County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04921 | $1,031 | $1,991 | $2,806 | $3,742 | $5,055 |
Source: Ownwell