Fryeburg, Oxford County, Maine Property Taxes
Median Fryeburg, ME effective property tax rate: 1.65%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Fryeburg, ME home value: $175,700
Median annual Fryeburg, ME tax bill: $2,899, $499 higher than the national median property tax bill of $2,400.
How are property taxes in Oxford calculated?
Property taxes in Fryeburg, 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 Fryeburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fryeburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fryeburg, Oxford County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.65%
Estimate Property Tax Bill
$2,899
$2,690
Property Tax Rates Across Fryeburg, Oxford County, Maine
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property in their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core process followed annually.
In Fryeburg, located in Oxford County, the effective property tax rate is 1.65%. This rate is notably higher than the national median property tax rate of 1.02%. Within Maine, Fryeburg's rate stands as both the highest and lowest median tax rate, given the uniformity across the area. When compared to the national median property tax bill of $2400, Fryeburg's higher tax rate might result in a more substantial property tax bill for homeowners.
For property owners in Fryeburg, understanding these rates is crucial, as they directly impact annual property tax bills. Evaluating your property's assessed value and comparing it with other regions can provide insights into potential savings through property tax appeals or exemptions.
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 Fryeburg Tax Rate
1.65%
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 Fryeburg, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04037 | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Fryeburg, Oxford County, Maine
When examining property taxes in Fryeburg, 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 Fryeburg.
For example, the median home price in Fryeburg is $175,700, with tax bills ranging significantly across the county. Zip code 04037 has the highest median home price at $175,700.
Property Tax Assessment Values Across Fryeburg, Oxford County, Maine
Source: Ownwell
$26,046
$119,248
$212,450
Median Fryeburg Market Value
$175,700
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 Fryeburg, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04037 | $87,400 | $132,450 | $175,700 | $240,950 | $319,170 |
Source: Ownwell
Property Tax Bills Across Fryeburg, Oxford County, Maine
Median Fryeburg Tax Bill
$2,899
Median Oxford County Tax Bill
$2,200
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Fryeburg, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04037 | $1,442 | $2,186 | $2,899 | $3,976 | $5,266 |
Source: Ownwell