Minot, Androscoggin County, Maine Property Taxes
Median Minot, 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 Minot, ME home value: $168,669
Median annual Minot, ME tax bill: $1,703, $697 lower than the national median property tax bill of $2,400.
How are property taxes in Androscoggin calculated?
Property taxes in Minot, 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 Minot’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Minot, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Minot, Androscoggin County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1%
Estimate Property Tax Bill
$1,687
$1,565
Ownwell’s Minot Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Minot with just two data points. By entering your property's estimated assessed value, our calculator applies Minot’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 Androscoggin County. With a median property tax bill of $1,703 in the area, compared to the national median of $2,400, Minot offers a relatively affordable tax environment. However, understanding your specific situation can lead to further savings. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Minot, Androscoggin County, Maine
Local government entities determine tax rates, which can differ significantly within a state. This variation is due to each county calculating its necessary budget for services and dividing it by the total value of all taxable property in its area. This formula determines the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is the fundamental annual procedure.
In Minot, located in Androscoggin County, the effective property tax rate aligns closely with the state median, reflecting Maine's median rate. This is slightly below the national median property tax rate of 1.02%. Minot’s property tax rate remains consistent with other cities in Maine, showcasing a uniformity in how property taxes are assessed across the state. This consistency can be advantageous for property owners, providing predictability in tax obligations.
Comparing Minot's effective property tax rate with national figures offers valuable insight for homeowners and potential buyers. Understanding these rates can aid in making informed decisions about property investments, ensuring that property taxes align with financial expectations and long-term planning.
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 Minot Tax Rate
1.00%
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 Androscoggin County Tax Rate
2.28%
Median Effective Maine Tax Rate
1.57%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Minot, Androscoggin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04258 | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Minot, Androscoggin County, Maine
When examining property taxes in Minot, 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 Androscoggin 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 Androscoggin 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 Minot. For example, the median home price in Minot is $168,669, with tax bills ranging significantly across the county. Zip code 04258 has the highest median home price at $168,669.
Property Tax Assessment Values Across Minot, Androscoggin County, Maine
Source: Ownwell
$60,705
$128,053
$195,400
Median Minot Market Value
$168,669
Median Androscoggin County Market Value
$134,490
Median Maine Market Value
$204,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Minot, Androscoggin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04258 | $103,971 | $129,929 | $168,669 | $231,487 | $347,290 |
Source: Ownwell
Property Tax Bills Across Minot, Androscoggin County, Maine
In Minot, Androscoggin County, ME, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Minot is $168,669, which influences the tax bill amount. Homeowners here face a median property tax bill of $1,703, which is below the national median of $2,400. The tax bill varies, with the 25th percentile at $1,307 and the 75th percentile at $2,315, indicating a range of tax burdens depending on property values and local assessments.
Factors affecting these bills include property size, location, and any applicable exemptions. High tax bills can be a financial strain on homeowners, impacting their overall housing costs. With Ownwell's expertise, homeowners can potentially reduce their property tax bills. Our team specializes in property tax appeals and exemption services, ensuring accurate assessments and identifying opportunities for savings. By leveraging our services, homeowners can achieve significant reductions in their tax liabilities, easing the financial burden and enhancing their property investment's value.
Median Minot Tax Bill
$1,703
Median Androscoggin County Tax Bill
$3,060
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Minot, Androscoggin County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04258 | $1,040 | $1,307 | $1,703 | $2,315 | $3,473 |
Source: Ownwell