Canton, Oxford County, Maine Property Taxes
Median Canton, ME effective property tax rate: 1.78%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%. Median Canton, ME home value: $26,046. Median annual Canton, ME tax bill: $462, $1,938 lower than the national median property tax bill of $2,400.
How are property taxes in Oxford calculated?
Property taxes in Canton, 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 Canton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Canton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Canton, Oxford County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.78%
Estimate Property Tax Bill
$464
$430
Property Tax Rates Across Canton, Oxford County, Maine
Local government entities determine tax rates, which can fluctuate significantly within a state. Annually, each county calculates its necessary budget to provide essential services and divides it by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the yearly procedure.
Below, you can compare Canton’s effective property tax rate to other cities in Maine and the median property tax rates in Maine and the U.S. Canton, located in Oxford County, has a property tax rate of 1.78%, which is notably higher than the national median property tax rate of 1.02%. This rate places Canton among the areas with the highest property tax rates in the state, highlighting a significant difference when compared to the national landscape. Understanding these rates and how they are determined can empower property owners to make informed decisions about their investments and potential tax liabilities.
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 Canton Tax Rate
1.78%
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 Canton, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04221 | 1.77% | 1.77% | 1.78% | 1.78% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Canton, Oxford County, Maine
When examining property taxes in Canton, 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 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 Canton. For example, the median home price in Canton is $26,046, with tax bills ranging significantly across the county. ZIP code 04221 has the highest median home price at $26,046.
Property Tax Assessment Values Across Canton, Oxford County, Maine
Source: Ownwell
$26,046
$119,248
$212,450
Median Canton Market Value
$26,046
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 Canton, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04221 | $4,134 | $13,867 | $26,046 | $117,468 | $151,646 |
Source: Ownwell
Property Tax Bills Across Canton, Oxford County, Maine
Property tax bills in Canton, located in Oxford County, Maine, are determined based on the assessed value of a property. The local government assesses properties annually to determine their value, which is then used to calculate the property tax bill. This assessment considers factors such as the property's location, size, and condition. In Canton, the median home price is $26,046, resulting in a median property tax bill of $462. This is significantly lower than the national median property tax bill of $2,400. However, homeowners in Canton can still face variability in their tax bills, with the 25th percentile at $250 and the 90th percentile reaching up to $2,818.
Homeowners seeking to reduce their property tax burden can benefit from Ownwell's services. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property assessments are fair and accurate, potentially leading to savings on their tax bills. This assistance is crucial in helping residents manage their financial obligations effectively.
Median Canton Tax Bill
$462
Median Oxford County Tax Bill
$2,200
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Canton, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04221 | $94 | $250 | $462 | $2,105 | $2,818 |
Source: Ownwell