Waterville, Kennebec County, Maine Property Taxes
Property Taxes in Waterville, Maine
Median Waterville, Maine effective property tax rate: 2.00%, significantly higher than the national median of 1.02%, and higher than the Maine state median of 1.47%.
Median Waterville, Maine home value: $158,400
Median annual Waterville, Maine tax bill: $3,146, $746 higher than the national median property tax bill of $2,400.
How are property taxes in Kennebec calculated?
Property taxes in Waterville, Maine 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 Waterville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waterville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Waterville, Kennebec County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2%
Estimate Property Tax Bill
$3,168
$2,940
How Does the Waterville Property Tax Calculator Work?
Use this Waterville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Waterville's median effective tax rate of 2.00% — based on actual property records in Kennebec County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Waterville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Waterville: rates range from 2.00% in 04901 to 2.00% in 04901, primarily due to differences in school district levies and local assessment districts. Waterville's median property tax bill is $3,146, which is higher than Maine's $2,400 national median property tax bill by $746.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Waterville.
About Waterville Property Taxes
About Property Taxes in Waterville, Kennebec, Maine
Waterville's median effective property tax rate of 2.00% is higher than the Maine state median of 1.47% and higher than the national median of 1.02%. This rate reflects the Kennebec County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Waterville. Homeowners in the 04901 ZIP code carry a median effective rate of 2.00%, while those in the same ZIP code pay 2.00%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Kennebec County. Understanding which part of Waterville you live in can make a meaningful difference to your annual tax bill.
Waterville homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the March 30, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Waterville, Kennebec County, Maine
As noted earlier, 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 Waterville's effective property tax rate to other cities in Maine and the median property tax rates in Maine and the U.S.
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 Waterville Tax Rate
2.00%
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 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 Waterville, Kennebec County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04901 | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Waterville, Kennebec County, Maine
When examining property taxes in Waterville, 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 Kennebec County tax authority 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 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 are sent in the spring each year and typically reach mailboxes by the middle of the month. Each property owner receives a notice showing both market value and assessed value, along with an estimate of the property tax bill.
For example, the median home price in Waterville is $158,400, with a median tax bill of $3,146. The 04901 ZIP code has the highest median home price at $158,400.
Property Tax Assessment Values Across Waterville, Kennebec County, Maine
Source: Ownwell
$58,800
$221,350
$383,900
Median Waterville Market Value
$158,400
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 Waterville, Kennebec County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04901 | $70,730 | $118,775 | $158,400 | $207,400 | $280,800 |
Source: Ownwell
Property Tax Bills Across Waterville, Kennebec County, Maine
Property tax bills in Waterville are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For homeowners, that means the bill depends on both what the home is worth and how local taxing authorities set the rate. In Waterville, the median home price is $158,400, and the median property tax bill is $3,146.
Bills can vary widely from one homeowner to another. The 25th percentile tax bill is $2,352, while the 75th percentile reaches $4,116 and the 90th percentile climbs to $5,567. That spread shows how differences in assessed value and tax rates can significantly affect what homeowners owe each year.
For many homeowners, property taxes are one of the largest ongoing housing costs. When assessed values rise or local rates increase, tax bills can go up, making it important to understand how the calculation works in Waterville.
Median Waterville Tax Bill
$3,146
Median Kennebec County Tax Bill
$2,961
Median Maine Tax Bill
$3,569
Median United States Tax Bill
$2,400
Property Tax Bills Across Waterville, Kennebec County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04901 | $1,388 | $2,352 | $3,146 | $4,116 | $5,567 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 23 |
Links | |
|---|---|
| Kennebec Tax Assessor | |
| Website | www.vgsi.com |