Oakland, Kennebec County, Maine Property Taxes
Median Oakland, ME effective property tax rate: 1.72%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%. Median Oakland, ME home value: $136,450. Median annual Oakland, ME tax bill: $2,341, $59 lower than the national median property tax bill of $2,400.
How are property taxes in Kennebec calculated?
Property taxes in Oakland, 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 Oakland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oakland, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Oakland, Kennebec County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.46%
Estimate Property Tax Bill
$2,650
$2,459
Property Tax Rates Across Oakland, Kennebec County, Maine
Local government entities in Maine set tax rates, which can vary widely within the state. Each year, Kennebec County estimates its budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting these rates and budgets, this is the annual process in a nutshell.
In Oakland, Kennebec County, the effective property tax rate is a reflection of this process. Compared to other cities in Maine, Oakland's rate is aligned with the state's median property tax rate of 1.72%, which is significantly higher than the national median of 1.02%. This means property owners in Oakland may face higher property tax bills compared to the national median. However, understanding these rates can empower property owners to make informed decisions and potentially seek property tax appeals or exemptions. By comparing Oakland's rate to both state and national medians, property owners can better understand their tax obligations and explore opportunities for savings.
Our median effective property tax rate (tax bill Ă· 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 Oakland Tax Rate
1.46%
Our median effective property tax rate (tax bill Ă· 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 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 Oakland, Kennebec County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04963 | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Oakland, Kennebec County, Maine
When examining property taxes in Oakland, 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.
In Kennebec 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 Oakland.
For example, the median home price in Oakland is $136,450, with tax bills ranging significantly across the county. Zip code 04963 has the highest median home price at $136,450.
Property Tax Assessment Values Across Oakland, Kennebec County, Maine
Source: Ownwell
$58,800
$221,350
$383,900
Median Oakland Market Value
$181,500
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 Oakland, Kennebec County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04963 | $51,360 | $124,650 | $181,500 | $273,750 | $383,280 |
Source: Ownwell
Property Tax Bills Across Oakland, Kennebec County, Maine
In Oakland, located in Kennebec County, Maine, property tax bills are calculated based on the assessed value of a property. The local tax rate is applied to this assessed value to determine the annual property tax bill. Several factors influence these bills, including the property's location, size, and condition. Compared to the national median property tax bill of $2,400, Oakland's tax bills can vary significantly, with the 25th percentile at $1,601 and the 75th percentile reaching $3,535. This variation highlights the potential financial impact on homeowners.
For homeowners seeking to reduce their property tax burden, Ownwell offers expert property tax appeal and exemption services. By analyzing the assessed value of your property and comparing it with similar properties, Ownwell can identify opportunities for lowering your tax bill. Our team navigates the appeals process on your behalf, ensuring that you pay only what is fair. With Ownwell, homeowners can potentially save hundreds or even thousands of dollars on their property taxes.
Median Oakland Tax Bill
$2,654
Median Kennebec County Tax Bill
$2,961
Median Maine Tax Bill
$3,569
Median United States Tax Bill
$2,400
Property Tax Bills Across Oakland, Kennebec County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04963 | $751 | $1,821 | $2,654 | $4,002 | $5,597 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 30 |
Links | |
|---|---|
| Kennebec Tax Assessor | |
| Website | www.vgsi.com |