Monmouth, Kennebec County, Maine Property Taxes

Name: Property Tax Bills Across Monmouth, Kennebec County, Maine
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Monmouth, ME effective property tax rate: 1.95%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Monmouth, ME home value: $172,450
Median annual Monmouth, ME tax bill: $3,363, $963 higher than the national median property tax bill of $2,400.

How are property taxes in Kennebec calculated?

Property taxes in Monmouth, 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 Monmouth’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Monmouth, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Monmouth, Kennebec County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.04%

Estimate Property Tax Bill

$4,033

$3,743

Ownwell’s Monmouth Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Monmouth with just two data points. By entering your property's estimated assessed value, our calculator applies Monmouth’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 Kennebec. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Monmouth, Kennebec County, Maine

Local government entities in Monmouth, located in Kennebec County, ME, are responsible for setting property tax rates, which can vary significantly across the state. Each year, counties determine their budgetary needs to provide essential services and divide this by the total value of all taxable properties within their jurisdiction. This calculation yields the property tax rate. Although the process involves votes and legislation, this is essentially how it works annually.

Monmouth's effective property tax rate is crucial to consider, especially when comparing it to other cities in Maine and the U.S. The median property tax rate in Monmouth is 1.95%, which is nearly double the national median of 1.02%. This indicates a higher tax burden compared to the national average. However, within Maine, Monmouth's rate is consistent across the board, as it shares the same rate with the highest and lowest median rates in the state. Understanding these rates helps property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Monmouth, Kennebec County, Maine

Source: Ownwell

0.80%

1.68%

2.56%

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 Monmouth Tax Rate

2.04%

Median Effective Kennebec County Tax Rate

1.66%

Median Effective Maine Tax Rate

1.47%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Monmouth, Kennebec County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04259	2.04%	2.04%	2.04%	2.05%	2.05%

Source: Ownwell

Property Tax Assessment Values Across Monmouth, Kennebec County, Maine

When examining property taxes in Monmouth, 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 Kennebec 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 Kennebec 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 Monmouth. For example, the median home price in Monmouth is $172,450, with tax bills ranging significantly across the county. 04259 has the highest median home price at $172,450.

Property Tax Assessment Values Across Monmouth, Kennebec County, Maine

Source: Ownwell

$58,800

$221,350

$383,900

Median Monmouth Market Value

$197,700

Median Kennebec County Market Value

$174,800

Median Maine Market Value

$242,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Monmouth, Kennebec County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04259	$72,120	$142,175	$197,700	$258,725	$334,280

Source: Ownwell

Property Tax Bills Across Monmouth, Kennebec County, Maine

In Monmouth, located in Kennebec County, Maine, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the property tax bill. Factors such as the property's location, size, and amenities can influence its assessed value. In Monmouth, the tax bill at the 25th percentile is $2,446, while at the 75th percentile, it is $4,380, with the 90th percentile reaching $5,668. This variation highlights the impact of different property values and characteristics on tax bills. Compared to the national median property tax bill of $2,400, Monmouth's tax bills can be considerably higher, affecting homeowners' financial planning. Ownwell can assist homeowners by identifying potential savings through property tax appeals and ensuring they receive any applicable exemptions. By leveraging expertise in property tax regulations and market trends, Ownwell helps homeowners potentially reduce their property tax burdens, providing valuable financial relief and peace of mind.

Property Tax Bills Across Monmouth, Kennebec County, Maine

Source: Ownwell

$1,235

$2,959

$4,682

Median Monmouth Tax Bill

$4,043

Median Kennebec County Tax Bill

$2,961

Median Maine Tax Bill

$3,569

Median United States Tax Bill

$2,400

Property Tax Bills Across Monmouth, Kennebec County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04259	$1,475	$2,908	$4,043	$5,290	$6,836

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	March 30

Links
Kennebec Tax Assessor
Website	www.vgsi.com