West Paris, Maine Property Taxes
The median property tax rate in West Paris, ME is 1.32%, which is considerably higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With a median home value of $150,050 in West Paris, the typical annual property tax bill amounts to $1,997, falling below the national median of $2,690. Property taxes in West Paris are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding the property tax system in West Paris, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of West Paris or another part of Oxford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
West Paris, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$1,981
Ownwell’s West Paris Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Paris with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Paris to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across West Paris, Maine
Property taxes in West Paris, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Paris is 1.32%, significantly higher than the U.S. national median of 0.99%. Local government entities within West Paris set these rates annually, and they can vary across different neighborhoods. Each year, West Paris estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares West Paris's effective property tax rate to other areas and the national median. For comparison, the 04289 zip code has the highest and lowest median property tax rate of 1.32%. Understanding how these areas compare with West Paris provides valuable insights into the varying tax landscape across Oxford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average West Paris Tax Rate
1.32%
Average Oxford County Tax Rate
1.50%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Paris, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04289 | 1.32% | 1.32% | 1.32% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across West Paris, Maine
In West Paris, Maine, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Oxford County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In West Paris, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in West Paris helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $150,050, with tax bills ranging from $1,556 at the 25th percentile to $3,372 at the 90th percentile. The zip code 04289 has both the highest and lowest median tax bill of $1,997.
Average West Paris Assessed Value
$150,050
Average Oxford County Assessed Value
$138,018
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across West Paris, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04289 | $78,050 | $117,525 | $150,050 | $196,575 | $254,900 |
Source: Ownwell
Property Tax Bills Across West Paris, Maine
In West Paris, located in Oxford County, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in West Paris, the median home price is $150,050. Property tax bills in this area can vary significantly. For instance, the tax bill at the 25th percentile is around $1,556, while at the 75th percentile, it rises to approximately $2,598. At the 90th percentile, homeowners could see a tax bill as high as $3,372. The highest and lowest median tax bills in the area are both $1,997, found in the 04289 zip code. These property taxes can significantly impact homeowners, influencing their overall housing costs and potentially affecting their financial planning. Compared to the national median property tax rate of 0.99%, West Paris's property tax rates reflect the local economic conditions and public service funding needs.
Average West Paris Tax Bill
$1,997
Average Oxford County Tax Bill
$2,200
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across West Paris, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04289 | $1,034 | $1,556 | $1,997 | $2,598 | $3,372 |
Source: Ownwell