Lewiston, Maine Property Taxes
The median property tax rate in Lewiston, ME is 2.85%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in Lewiston, the typical annual property tax bill reaches $2,916, exceeding the national median of $2,690. Property taxes in Lewiston are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lewiston's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Lewiston or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lewiston, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.85%
Estimate Property Tax Bill
$2,916
Ownwell’s Lewiston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lewiston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lewiston 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 Lewiston, Maine
Property taxes in Lewiston, Maine, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lewiston is 2.85%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lewiston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lewiston 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 Lewiston's effective property tax rate to other counties in Maine and the national median. For comparison, the 04240 zip code has the highest median property tax rate of 2.85%, while the same zip code also has the lowest median tax rate of 2.85%. Understanding how these cities compare with Lewiston provides valuable insights into the varying tax landscape across Androscoggin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lewiston Tax Rate
2.85%
Average Androscoggin County Tax Rate
2.28%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lewiston, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04240 | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% |
Source: Ownwell
Property Tax Assessment Values Across Lewiston, Maine
In Lewiston, 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 Androscoggin 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 Lewiston, 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. The median home price in Lewiston is $102,300, with tax bills ranging from $2,385 at the 25th percentile to $4,771 at the 90th percentile. The highest and lowest median tax bills are both $2,916, found in zip code 04240. 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 Lewiston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lewiston Assessed Value
$102,300
Average Androscoggin County Assessed Value
$134,490
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lewiston, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04240 | $64,206 | $83,628 | $102,300 | $127,600 | $167,340 |
Source: Ownwell
Property Tax Bills Across Lewiston, Maine
In Lewiston, located in Androscoggin 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 city's assessor and is meant to reflect the market value of the property. The local tax rate is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $102,300, homeowners can expect their property taxes to be calculated based on this value. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. In Lewiston, property tax bills can vary significantly, with the 25th percentile at $2,385 and the 75th percentile at $3,636. The highest median tax bill in the area is $2,916, found in the 04240 zip code. These taxes play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in the community.
Average Lewiston Tax Bill
$2,916
Average Androscoggin County Tax Bill
$3,060
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Lewiston, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04240 | $1,843 | $2,385 | $2,916 | $3,636 | $4,771 |
Source: Ownwell