Albany Twp, Oxford County, Maine Property Taxes

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

Median ALBANY TWP, ME effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median ALBANY TWP, ME home value: $148,580
Median annual ALBANY TWP, ME tax bill: $1,383, $1,017 lower than the national median property tax bill of $2,400.

How are property taxes in Oxford calculated?

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

Last Updated March 1, 2025

Albany Twp, Oxford County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$1,382

$1,282

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

Property Tax Rates Across Albany Twp, Oxford County, Maine

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Albany Township, located in Oxford County, Maine, the effective property tax rate stands at 0.93%. This rate is slightly below the national median property tax rate of 1.02%. When compared to other cities in Maine, Albany Township's rate is consistent with the state's median. This consistency provides a stable environment for property owners, reflecting the local government's ability to balance budgetary needs with taxpayer affordability.

For property owners, understanding these rates is crucial as they impact the overall cost of homeownership. With the national median property tax bill at $2,400, Albany Township offers a relatively affordable option for those seeking to manage their property expenses effectively.

Property Tax Rates Across Albany Twp, Oxford County, Maine

Source: Ownwell

0.80%

1.86%

2.92%

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 Albany Twp Tax Rate

0.93%

Median Effective Oxford County Tax Rate

1.50%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Albany Twp, Oxford County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04217	0.93%	0.93%	0.93%	0.93%	0.93%

Source: Ownwell

Property Tax Assessment Values Across Albany Twp, Oxford County, Maine

When examining property taxes in ALBANY TWP, 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 Oxford 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 Oxford 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 ALBANY TWP. For example, the median home price in ALBANY TWP is $148,580, with tax bills ranging significantly across the county. ZIP code 04217 has the highest median home price at $148,580.

Property Tax Assessment Values Across Albany Twp, Oxford County, Maine

Source: Ownwell

$26,046

$119,248

$212,450

Median Albany Twp Market Value

$148,580

Median Oxford County Market Value

$138,018

Median Maine Market Value

$204,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Albany Twp, Oxford County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04217	$52,108	$97,172	$148,580	$205,680	$301,964

Source: Ownwell

Property Tax Bills Across Albany Twp, Oxford County, Maine

In Albany Township, located within Oxford 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 the area is $148,580, and the property tax bill can vary significantly depending on the assessed value and the local tax rate. Homeowners in the 25th percentile pay around $904, while those in the 75th percentile see bills closer to $1,915. At the 90th percentile, tax bills can reach up to $2,811. Compared to the national median property tax bill of $2,400, Albany Township's tax bills can be lower, offering potential savings for homeowners. However, understanding and navigating property tax assessments can be complex. This is where Ownwell comes in, providing expert property tax appeal and exemption services to help homeowners potentially reduce their tax burden. By reviewing assessments and identifying potential discrepancies, Ownwell assists homeowners in ensuring their tax bills are fair and accurate, ultimately helping them save money.

Property Tax Bills Across Albany Twp, Oxford County, Maine

Source: Ownwell

$462

$1,893

$3,324

Median Albany Twp Tax Bill

$1,383

Median Oxford County Tax Bill

$2,200

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Albany Twp, Oxford County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04217	$485	$904	$1,383	$1,915	$2,811

Source: Ownwell