Roxbury, Maine Property Taxes
The median property tax rate in Roxbury, ME is 1.11%, which is higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With a median home value of $98,000 in Roxbury, the typical annual property tax bill amounts to $1,083, falling below the national median of $2,690. Property taxes in Roxbury are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Roxbury's property tax system, exploring available exemptions, and identifying opportunities for tax reductions can result in significant annual savings. Whether you're in the heart of Roxbury or another part of the city, being well-informed about the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Roxbury, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,088
Ownwell’s Roxbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roxbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roxbury 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 Roxbury, Maine
Property taxes in Roxbury, Maine, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roxbury is 1.11%, which is higher than the U.S. national median of 0.99%. Local government entities within Roxbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roxbury 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 Roxbury's effective property tax rate to other counties in Maine and the national median. For comparison, the 04275 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Roxbury 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 Roxbury Tax Rate
1.11%
Average Oxford County Tax Rate
1.50%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roxbury, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04275 | 1.10% | 1.10% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Roxbury, Maine
In Roxbury, 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 local 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 Roxbury, 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. For example, the median home price in Roxbury is $98,000, and tax bills can vary significantly, with the 25th percentile tax bill at $809 and the 90th percentile reaching $2,164. The highest and lowest median tax bills are both $1,083 in the zip code 04275. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Roxbury Assessed Value
$98,000
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 Roxbury, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04275 | $53,100 | $73,250 | $98,000 | $132,658 | $195,900 |
Source: Ownwell
Property Tax Bills Across Roxbury, Maine
In Roxbury, Oxford County, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Roxbury is $98,000, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, which in turn affects the tax bill. Homeowners in Roxbury see a range of tax bills depending on these assessments. For instance, the 25th percentile tax bill is $809, while the 75th percentile reaches $1479. At the higher end, the 90th percentile tax bill climbs to $2164. Compared to the national median property tax rate of 0.99%, Roxbury's tax rates are competitive, offering a balanced approach for homeowners. The highest and lowest median tax bill in the area is $1083, indicating a consistency in property tax assessments within the zip code 04275. This consistency helps homeowners anticipate their annual tax obligations more predictably.
Average Roxbury Tax Bill
$1,083
Average Oxford County Tax Bill
$2,200
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Roxbury, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04275 | $587 | $809 | $1,083 | $1,479 | $2,164 |
Source: Ownwell