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Tax Capacity (Nei
<br />Tax Capacity Rat(
<br />Net City Tax
<br />Annual $ Change
<br />Monthly $ Chang
<br />% Change from 2
<br />Effect of 2026 Tax Levy & Budget on Residential Properties
<br />Median 5.06% Increase in Market Value
<br />Actual
<br />Estimated
<br />Actual
<br />Estimated
<br />Actual
<br />Estimated
<br />Actual
<br />Estimated
<br />Actual
<br />Estimated
<br />2025
<br />2026
<br />2025
<br />2026
<br />2025
<br />2026
<br />2025
<br />2026
<br />2025
<br />2026
<br />Value
<br />$250,000
<br />$262,650
<br />$500,000
<br />$525,300
<br />$1,110,400
<br />$1,166,586
<br />$2,000,000
<br />$2,101,200
<br />$4,000,000
<br />$4,202,400
<br />Market Value Exclusion (MVE) *
<br />$24,050
<br />$22,912
<br />$1,550
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />Tax Value
<br />$225,950
<br />$239,739
<br />$498,450
<br />$525,300
<br />$1,110,400
<br />$1,166,586
<br />$2,000,000
<br />$2,101,200
<br />$4,000,000
<br />$4,202,400
<br />**
<br />2,260
<br />2,397
<br />4,985
<br />5,316
<br />12,630
<br />13,332
<br />23,750
<br />25,015
<br />48,750
<br />51,280
<br />16.361%
<br />16.405%
<br />16.361%
<br />16.405%
<br />16.361%
<br />16.405%
<br />16.361%
<br />16.405%
<br />16.361%
<br />16.405%
<br />$369.67
<br />$393.30
<br />$815.50
<br />$872.15
<br />$2,066.37
<br />$2,187.22
<br />$3,885.69
<br />$4,103.81
<br />$7,975.89
<br />$8,412.69
<br />from 2025
<br />$23.63
<br />$56.65
<br />$120.85
<br />$218.12
<br />$436.81
<br />e from 2025
<br />$1.97
<br />$4.72
<br />$10.07
<br />$18.18
<br />$36.40
<br />325
<br />6.39%
<br />6.95%
<br />5.85%
<br />5.61%
<br />5.48%
<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) = 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 = 5.06%
<br />Median home value in Orono in 2025 is $1,110,400.
<br />09/08/2025 Preliminary General Fund Budget and Tax Levy Page 5 of 59
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