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Actual Estimated Actual Estimated Actual Estimated Actual Estimated Actual Estimated
<br />2025 2026 2025 2026 2025 2026 2025 2026 2025 2026
<br />Value $250,000 $262,650 $500,000 $525,300 $1,110,400 $1,166,586 $2,000,000 $2,101,200 $4,000,000 $4,202,400
<br />Market Value Exclusion (MVE) *$24,050 $22,912 $1,550 $0 $0 $0 $0 $0 $0 $0
<br />Tax Value $225,950 $239,739 $498,450 $525,300 $1,110,400 $1,166,586 $2,000,000 $2,101,200 $4,000,000 $4,202,400
<br />2,260 2,397 4,985 5,316 12,630 13,332 23,750 25,015 48,750 51,280
<br />16.361%17.152%16.361%17.152%16.361%17.152%16.361%17.152%16.361%17.152%
<br />$369.67 $411.19 $815.50 $911.82 $2,066.37 $2,286.70 $3,885.69 $4,290.46 $7,975.89 $8,795.31
<br />$41.52 $96.32 $220.33 $404.77 $819.43
<br />11.23%11.81%10.66%10.42%10.27%
<br />** Tax Capacity (net) = 1% of first $500,000 market value, plus 1.25% of all value over $500,000
<br />The Market Value adjustment is based on the average market value increase on a residential property = XX%
<br />Median home value in Orono in 2025 is $1,110,400.
<br />As of 2025, Market Value Exclusion = First 40% of the first $95,000 of market value. For homestead value between $95,000 and $517,200, the exclusion is $38,000
<br />minus 9% of the value over $95,000. Homesteads valued at $517,200 or more do not receive the exclusion
<br />Tax Capacity (Net) **
<br />Tax Capacity Rate
<br />Net City Tax
<br />$ Change from 2025
<br />% Change from 2025
<br />Effect of 2026 Tax Levy & Budget on Residential Properties
<br />Median 5.06% Increase in Market Value
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