Lovell, Oxford County, Maine Property Taxes
Property Taxes in Lovell, Maine
Median Lovell, Maine effective property tax rate: 1.13%, significantly lower than the national median of 1.02%, and lower than the Maine state median of 1.47%.
Median Lovell, Maine home value: $162,400
Median annual Lovell, Maine tax bill: $1,835, $565 lower than the national median property tax bill of $2,400.
How are property taxes in Oxford calculated?
Property taxes in Lovell, 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 Lovell's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lovell, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lovell, Oxford County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.13%
Estimate Property Tax Bill
$1,835
$1,703
How Does the Lovell Property Tax Calculator Work?
Use this Lovell property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lovell's median effective tax rate of 1.13% — based on actual property records in Oxford County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lovell'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 Lovell: rates range from 1.13% in 04051 to 1.13% in 04051, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lovell.
About Lovell Property Taxes
About Property Taxes in Lovell, Oxford, Maine
Lovell's median effective property tax rate of 1.13% is lower than the Maine state median of 1.47% and higher than the national median of 1.02%. This rate reflects the Oxford 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 Lovell. Homeowners in the 04051 ZIP code carry a median effective rate of 1.13%, while those in the lowest ZIP pay 1.13%. This spread reflects how school district boundaries and local assessment districts are drawn across Oxford County. Understanding which part of Lovell you live in can make a meaningful difference to your annual tax bill.
Lovell 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 Lovell, Oxford 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 Lovell'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 Ă· 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 Lovell Tax Rate
1.13%
Our median effective property tax rate (tax bill Ă· 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
1.47%
Median Effective Maine Tax Rate
1.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lovell, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04051 | 1.13% | 1.13% | 1.13% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Lovell, Oxford County, Maine
When examining property taxes in Lovell, 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 assessor 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.
Assessment notices:
In Oxford County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the month.
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. For example, the median home price in Lovell is $162,400, with tax bills ranging significantly across the county. Zip code 04051 has the highest median home price at $162,400.
Property Tax Assessment Values Across Lovell, Oxford County, Maine
Source: Ownwell
$26,046
$174,373
$322,700
Median Lovell Market Value
$162,400
Median Oxford County Market Value
$180,633
Median Maine Market Value
$242,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lovell, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04051 | $83,920 | $114,950 | $162,400 | $246,350 | $397,200 |
Source: Ownwell
Property Tax Bills Across Lovell, Oxford County, Maine
How are property tax bills calculated in Lovell?
Property tax bills in Lovell are based on the assessed value of a home and the local tax rate set by the taxing authorities. A higher assessed value generally leads to a higher tax bill, while a lower assessed value can reduce what a homeowner owes. Local budgets, school funding, and other municipal needs all play a role in determining the final amount.
What factors affect the bill?
For homeowners in Lovell, the median home price is $162,400, and property tax bills can vary widely. The 25th percentile tax bill is $1,274, the 75th percentile is $2,784, and the 90th percentile reaches $4,488. The median tax bill is $1,835 in ZIP code 04051. Compared with the national median property tax bill of $2,400, Lovell homeowners often pay less, but individual bills still depend on the assessed value and local rates.
How does this affect homeowners?
Because property taxes are tied to home value and local levies, even similar homes can have different bills. That means homeowners in Lovell should understand how their assessment and tax rate work together to determine what they owe each year.
Median Lovell Tax Bill
$1,835
Median Oxford County Tax Bill
$2,533
Median Maine Tax Bill
$3,569
Median United States Tax Bill
$2,400
Property Tax Bills Across Lovell, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04051 | $930 | $1,274 | $1,835 | $2,784 | $4,488 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 1 |
Links | |
|---|---|
| Oxford Tax Assessor | |
| Website | www.axisgis.com |