Mexico, Oxford County, Maine Property Taxes

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

Median Mexico, ME effective property tax rate: 2.92%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Mexico, ME home value: $77,500
Median annual Mexico, ME tax bill: $2,248, $152 lower than the national median property tax bill of $2,400.

How are property taxes in Oxford County calculated?

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

Last Updated March 1, 2025

Mexico, Oxford County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.92%

Estimate Property Tax Bill

$2,263

$2,100

Ownwell’s Mexico Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mexico with just two data points. By entering your property's estimated assessed value, our calculator applies Mexico’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 Mexico, Oxford County, Maine

Local government entities set tax rates, which can vary widely within a state. 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 Mexico’s effective property tax rate to other cities in Maine and the median property tax rates in Maine and the U.S.

Property Tax Rates Across Mexico, 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 Mexico Tax Rate

2.92%

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 Mexico, Oxford County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04257	2.92%	2.92%	2.92%	2.92%	2.92%

Source: Ownwell

Property Tax Assessment Values Across Mexico, Oxford County, Maine

When examining property taxes in Mexico, 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 Mexico. For example, the median home price in Mexico is $77,500, with tax bills ranging significantly across the county. Zip code 04257 has the highest median home price at $77,500.

Property Tax Assessment Values Across Mexico, Oxford County, Maine

Source: Ownwell

$26,046

$119,248

$212,450

Median Mexico Market Value

$77,500

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 Mexico, Oxford County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04257	$25,000	$57,400	$77,500	$98,100	$121,120

Source: Ownwell

Property Tax Bills Across Mexico, Oxford County, Maine

In Mexico, located in Oxford County, ME, property tax bills are calculated based on the assessed value of a home. With a median home price of $77,500, homeowners face property tax bills that vary significantly. The tax bill at the 25th percentile is $1,653, while it rises to $2,853 at the 75th percentile and reaches $3,533 at the 90th percentile. These figures show that property taxes in Mexico can be a substantial financial burden for homeowners, especially when compared to the national median property tax bill of $2,400. The highest and lowest median tax bills in the area are both $2,248, indicating a consistent tax rate across different properties. For homeowners in Mexico seeking relief from high property tax bills, Ownwell offers valuable assistance. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their properties are fairly assessed, potentially leading to significant savings. This service can be crucial in reducing the financial strain of property taxes on homeowners in Mexico.

Property Tax Bills Across Mexico, Oxford County, Maine

Source: Ownwell

$462

$1,893

$3,324

Median Mexico Tax Bill

$2,248

Median Oxford County Tax Bill

$2,200

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Mexico, Oxford County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04257	$724	$1,653	$2,248	$2,853	$3,533

Source: Ownwell