Buckfield, Oxford County, Maine Property Taxes
Median Buckfield, ME effective property tax rate: 2.82%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Buckfield, ME home value: $119,100
Median annual Buckfield, ME tax bill: $3,324, $924 higher than the national median property tax bill of $2,400.
How are property taxes in Oxford calculated?
Property taxes in Buckfield, 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 Buckfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Buckfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Buckfield, Oxford County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.82%
Estimate Property Tax Bill
$3,359
$3,117
Property Tax Rates Across Buckfield, Oxford County, Maine
Local government entities determine property tax rates, which can differ significantly within a state. This variation arises because each county annually calculates its necessary budget to deliver services and then divides that by the total value of all taxable properties within its area. This calculation establishes the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is essentially how the process unfolds each year.
In Buckfield, located in Oxford County, property tax rates are notably above the national median. With a median property tax rate of 2.82%, Buckfield's rate is significantly higher compared to the national median of 1.02%. This means residents in Buckfield are paying more than double the national average in property taxes. When comparing Buckfield's effective property tax rate to other cities in Maine, it ranks among the highest. This is important for property owners to consider, as higher property tax rates can impact overall housing costs and affordability. Understanding these rates can empower homeowners to make informed decisions about their property investments and financial planning.
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 Buckfield Tax Rate
2.82%
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 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 Buckfield, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04220 | 2.82% | 2.82% | 2.82% | 2.82% | 2.82% |
Source: Ownwell
Property Tax Assessment Values Across Buckfield, Oxford County, Maine
When examining property taxes in Buckfield, 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 Buckfield.
For example, the median home price in Buckfield is $119,100, with tax bills ranging significantly across the county. The zip code 04220 has the highest median home price at $119,100.
Property Tax Assessment Values Across Buckfield, Oxford County, Maine
Source: Ownwell
$26,046
$119,248
$212,450
Median Buckfield Market Value
$119,100
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 Buckfield, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04220 | $57,070 | $88,800 | $119,100 | $149,150 | $183,750 |
Source: Ownwell
Property Tax Bills Across Buckfield, Oxford County, Maine
In Buckfield, located in Oxford County, ME, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which reflects the property's worth on the open market. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Buckfield face a median property tax bill of $3,324, which is significantly above the national median of $2,400. This higher tax bill can place a substantial financial burden on homeowners, making it essential to ensure that assessments are accurate.
Ownwell offers valuable assistance to homeowners in Buckfield by providing property tax appeal services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners challenge over-assessed valuations. This service can lead to reduced tax bills, offering significant savings. With expert guidance and a proven track record, Ownwell empowers homeowners to take control of their property tax expenses, ensuring they only pay their fair share.
Median Buckfield Tax Bill
$3,324
Median Oxford County Tax Bill
$2,200
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Buckfield, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04220 | $1,533 | $2,494 | $3,324 | $4,173 | $5,169 |
Source: Ownwell