Fort Fairfield, Aroostook County, Maine Property Taxes

Name: Property Tax Bills Across Fort Fairfield, Aroostook County, Maine
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Fort Fairfield, ME effective property tax rate: 2.65%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%. Median Fort Fairfield, ME home value: $85,550. Median annual Fort Fairfield, ME tax bill: $2,267, $133 lower than the national median property tax bill of $2,400.

How are property taxes in Aroostook calculated? Property taxes in Fort Fairfield, 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 Fort Fairfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fort Fairfield, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fort Fairfield, Aroostook County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.65%

Estimate Property Tax Bill

$2,267

$2,104

Ownwell’s Fort Fairfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fort Fairfield with just two data points. By entering your property's estimated assessed value, our calculator applies Fort Fairfield’s 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 Aroostook County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fort Fairfield, Aroostook County, Maine

Local government entities set property tax rates, which can vary significantly within a state. Each county estimates its budget needs annually to provide essential services. This budget is then divided by the total value of all taxable properties within the jurisdiction, resulting in the property tax rate. While votes and laws influence these rates and budgets, this is the basic annual process.

In Fort Fairfield, located in Aroostook County, Maine, the effective property tax rate is notably higher than the national median of 1.02%. Fort Fairfield's rate stands at 2.65%, which is also the highest and lowest rate within its zip code, 04742. This rate is significantly above the national average and reflects the specific budgetary needs and property values in the area. Comparing this to the national median property tax bill of $2,400, residents in Fort Fairfield may experience higher property tax bills due to the elevated rate. Understanding these local variations can help property owners in Fort Fairfield make informed decisions about their property taxes.

Property Tax Rates Across Fort Fairfield, Aroostook County, Maine

Source: Ownwell

0.28%

1.66%

3.04%

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 Fort Fairfield Tax Rate

2.65%

Median Effective Aroostook County Tax Rate

2.26%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fort Fairfield, Aroostook County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04742	2.65%	2.65%	2.65%	2.65%	2.65%

Source: Ownwell

Property Tax Assessment Values Across Fort Fairfield, Aroostook County, Maine

When examining property taxes in Fort Fairfield, ME, 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 Aroostook 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 Aroostook County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Fort Fairfield. For example, the median home price in Fort Fairfield is $85,550, with tax bills ranging significantly across the county. ZIP code 04742 has the highest median home price at $85,550.

Property Tax Assessment Values Across Fort Fairfield, Aroostook County, Maine

Source: Ownwell

$38,785

$97,618

$156,450

Median Fort Fairfield Market Value

$85,550

Median Aroostook County Market Value

$86,999

Median Maine Market Value

$204,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fort Fairfield, Aroostook County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04742	$39,598	$62,750	$85,550	$116,640	$175,036

Source: Ownwell

Property Tax Bills Across Fort Fairfield, Aroostook County, Maine

In Fort Fairfield, located in Aroostook County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. With a median home price of $85,550, homeowners in Fort Fairfield face tax bills that can range significantly. The 25th percentile tax bill is $1,663, while the 75th percentile can reach up to $3,091, and the 90th percentile peaks at $4,638. These figures highlight the variability in property tax bills, which can significantly impact homeowners' finances. Compared to the national median property tax bill of $2,400, Fort Fairfield's tax bills can be both lower and higher, depending on the home value and tax rate. Ownwell assists homeowners by identifying potential savings on their property tax bills through appeals and exemptions. By leveraging expertise in local tax regulations, Ownwell helps homeowners reduce their tax burden, ensuring they only pay what is necessary.

Property Tax Bills Across Fort Fairfield, Aroostook County, Maine

Source: Ownwell

$223

$1,405

$2,587

Median Fort Fairfield Tax Bill

$2,267

Median Aroostook County Tax Bill

$1,771

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Fort Fairfield, Aroostook County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04742	$1,050	$1,663	$2,267	$3,091	$4,638

Source: Ownwell