Fairfield, Somerset County, Maine Property Taxes
Median Fairfield, ME effective property tax rate: 2.10%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Fairfield, ME home value: $103,650
Median annual Fairfield, ME tax bill: $2,177, $223 lower than the national median property tax bill of $2,400.
How are property taxes in Somerset calculated?
Property taxes in 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 Fairfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fairfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fairfield, Somerset County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.1%
Estimate Property Tax Bill
$2,177
$2,020
Property Tax Rates Across Fairfield, Somerset County, Maine
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Fairfield’s effective property tax rate to other cities in Maine and the median property tax rates in Maine and the U.S.
Fairfield, located in Somerset County, has a property tax rate of 2.10%. This sets it higher than the national median property tax rate of 1.02%. Despite the higher rate, it's important to understand the local context. The revenue generated supports essential services like schools, public safety, and infrastructure. Whether you're a homeowner or a prospective buyer, understanding these rates can provide insights into the community's priorities and the value of services received in return.
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 Fairfield Tax Rate
2.10%
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 Somerset County Tax Rate
1.77%
Median Effective Maine Tax Rate
1.57%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fairfield, Somerset County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04937 | 2.10% | 2.10% | 2.10% | 2.10% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across Fairfield, Somerset County, Maine
When examining property taxes in Fairfield, Maine, 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 Somerset 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 Somerset 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 Fairfield.
For example, the median home price in Fairfield is $103,650, with tax bills ranging significantly across the county. The zip code 04937 has the highest median home price at $103,650.
Property Tax Assessment Values Across Fairfield, Somerset County, Maine
Source: Ownwell
$74,500
$182,040
$289,580
Median Fairfield Market Value
$103,650
Median Somerset County Market Value
$105,900
Median Maine Market Value
$204,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fairfield, Somerset County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04937 | $46,250 | $77,800 | $103,650 | $135,425 | $179,200 |
Source: Ownwell
Property Tax Bills Across Fairfield, Somerset County, Maine
Median Fairfield Tax Bill
$2,177
Median Somerset County Tax Bill
$1,837
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Fairfield, Somerset County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04937 | $972 | $1,634 | $2,177 | $2,844 | $3,763 |
Source: Ownwell