Newry, Oxford County, Maine Property Taxes
Median Newry, ME effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Newry, ME home value: $197,500
Median annual Newry, ME tax bill: $1,649, $751 lower than the national median property tax bill of $2,400.
How are property taxes in Oxford calculated?
Property taxes in Newry, 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 Newry’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Newry, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Newry, Oxford County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$1,639
$1,521
Property Tax Rates Across Newry, Oxford County, Maine
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to each county's annual budget estimation process, which involves calculating the necessary funds to provide services and dividing that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While the process involves votes and laws to set tax rates and budgets, this is essentially how it works each year.
In Newry, located in Oxford County, the effective property tax rate can be compared to other cities in Maine, as well as to the median property tax rates in Maine and across the U.S. With a median property tax rate of 0.83%, Newry aligns closely with the state average, offering a competitive rate compared to the national median property tax rate of 1.02%. This comparison highlights the relatively favorable tax environment in Newry, making it an attractive option for property owners seeking to manage their tax liabilities effectively.
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 Newry Tax Rate
0.83%
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 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 Newry, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04261 | 0.83% | 0.83% | 0.83% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Newry, Oxford County, Maine
When examining property taxes in Newry, 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.
In Oxford County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Newry.
For example, the median home price in Newry is $197,500, with tax bills ranging significantly across the county. Zip code 04261 has the highest median home price at $197,500.
Property Tax Assessment Values Across Newry, Oxford County, Maine
Source: Ownwell
$26,046
$119,248
$212,450
Median Newry Market Value
$197,500
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 Newry, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04261 | $141,830 | $173,300 | $197,500 | $256,625 | $362,510 |
Source: Ownwell
Property Tax Bills Across Newry, Oxford County, Maine
Median Newry Tax Bill
$1,649
Median Oxford County Tax Bill
$2,200
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Newry, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04261 | $1,184 | $1,447 | $1,649 | $2,142 | $3,027 |
Source: Ownwell