Buxton, Cumberland County, Maine Property Taxes
Median Buxton, ME effective property tax rate: 1.28%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Buxton, ME home value: $768,800
Median annual Buxton, ME tax bill: $9,879, $7,479 higher than the national median property tax bill of $2,400.
How are property taxes in Cumberland calculated?
Property taxes in Buxton, 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 Buxton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Buxton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Buxton, Cumberland County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.28%
Estimate Property Tax Bill
$9,841
$9,132
Property Tax Rates Across Buxton, Cumberland County, Maine
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget annually to provide essential services and then dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
In Buxton, located in Cumberland County, ME, the effective property tax rate is higher than the national median of 1.02%. This makes it important for property owners in the area to be proactive in managing their property tax obligations. Comparing Buxton's rate to other cities in Maine, as well as the state and national medians, can provide valuable insights for homeowners. Understanding these differences can help property owners make informed decisions about property tax appeals and exemptions. By staying informed, homeowners can better navigate the complexities of property tax assessments and potentially save money on their annual tax bills.
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 Buxton Tax Rate
1.28%
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 Cumberland County Tax Rate
1.52%
Median Effective Maine Tax Rate
1.57%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Buxton, Cumberland County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04093 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Buxton, Cumberland County, Maine
When examining property taxes in Buxton, 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 Cumberland 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 Cumberland 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 Buxton. For example, the median home price in Buxton is $768,800, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Buxton, Cumberland County, Maine
Source: Ownwell
$153,100
$402,100
$651,100
Median Buxton Market Value
$768,800
Median Cumberland County Market Value
$319,900
Median Maine Market Value
$204,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Buxton, Cumberland County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04093 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Buxton, Cumberland County, Maine
In Buxton, located in Cumberland County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Buxton is $768,800, and the property tax bill is consistent at various percentiles with a notable figure of $9,879. This tax bill is significantly higher than the national median property tax bill of $2,400, reflecting the region's higher property values and tax rates. Factors such as the home's size, location, and any improvements made can influence the assessed value, thereby affecting the tax bill.
High property tax bills can pose a financial burden on homeowners, but Ownwell can help alleviate this by providing expert property tax appeal services. By reviewing your property's assessed value and ensuring it aligns with market conditions, Ownwell can potentially reduce your tax liability. Our team of professionals works diligently to secure the most favorable outcome, helping homeowners save money and achieve peace of mind.
Median Buxton Tax Bill
$9,879
Median Cumberland County Tax Bill
$4,856
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Buxton, Cumberland County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04093 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell