Center Lovell, Oxford County, Maine Property Taxes

Name: Property Tax Bills Across Center Lovell, Oxford County, Maine
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Center Lovell, ME effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Center Lovell, ME home value: $157,950
Median annual Center Lovell, ME tax bill: $1,580, $820 lower than the national median property tax bill of $2,400.

How are property taxes in Oxford calculated?

Property taxes in Center Lovell, 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 Center Lovell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Center Lovell, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Center Lovell, Oxford County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$1,580

$1,466

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

Property Tax Rates Across Center Lovell, Oxford County, Maine

Local government entities in Maine set property tax rates, which can vary widely within the state. Each county, including Oxford, estimates its required budget to provide essential services annually. This budget is then divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. While the process involves votes and laws, this is the core of how rates are determined each year. In Center Lovell, located in Oxford County, the effective property tax rate can be compared to other cities in Maine. The median property tax rate in Maine is 1.00%, which is slightly below the national median of 1.02%. This comparison allows homeowners in Center Lovell to understand how their property taxes align with both state and national averages. Such insights can be crucial for budgeting and financial planning, providing a clearer picture of property tax obligations. Understanding these variations can empower property owners to make informed decisions about their investments.

Property Tax Rates Across Center Lovell, Oxford County, Maine

Source: Ownwell

0.80%

1.86%

2.92%

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 Center Lovell Tax Rate

1.00%

Median Effective Oxford County Tax Rate

1.50%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Center Lovell, Oxford County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04016	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Center Lovell, Oxford County, Maine

When examining property taxes in Center Lovell, 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 Oxford 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. Assessment notices: In Oxford 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 Center Lovell. For example, the median home price in Center Lovell is $157,950, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Center Lovell, Oxford County, Maine

Source: Ownwell

$26,046

$119,248

$212,450

Median Center Lovell Market Value

$157,950

Median Oxford County Market Value

$138,018

Median Maine Market Value

$204,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Center Lovell, Oxford County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04016	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Center Lovell, Oxford County, Maine

In Center Lovell, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the property tax bill. The median property tax bill in Oxford County is notably lower than the national median, making it relatively affordable for homeowners. However, the tax bill can vary significantly, with the 25th percentile at $1,274 and the 75th percentile at $1,885, reflecting differences in home values and assessment practices. For homeowners, this means that despite a lower average tax bill, there are still opportunities to save money. Ownwell can assist homeowners in Center Lovell by identifying potential errors in assessments or uncovering eligible exemptions, ensuring that property owners are not overpaying on their taxes. By leveraging expert knowledge and experience, Ownwell helps homeowners navigate the complexities of property tax appeals, potentially saving them significant amounts on their annual tax bills.

Property Tax Bills Across Center Lovell, Oxford County, Maine

Source: Ownwell

$462

$1,893

$3,324

Median Center Lovell Tax Bill

$1,580

Median Oxford County Tax Bill

$2,200

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Center Lovell, Oxford County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04016	N/A	N/A	N/A	N/A	N/A

Source: Ownwell