Norway, Oxford County, Maine Property Taxes
Median Norway, ME effective property tax rate: 1.47%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Norway, ME home value: $171,900
Median annual Norway, ME tax bill: $2,527, $127 higher than the national median property tax bill of $2,400.
How are property taxes in Oxford calculated?
Property taxes in Norway, 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 Norway’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Norway, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Norway, Oxford County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.47%
Estimate Property Tax Bill
$2,527
$2,345
Property Tax Rates Across Norway, Oxford County, Maine
Local government entities set tax rates, which can vary widely within a state. 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.
Norway in Oxford County, ME, presents an interesting case for property tax analysis. The effective property tax rate here is 1.47%, which is higher than the national median of 1.02%. When comparing this to the state median, Norway aligns with Maine's overall tax rate. Understanding these differences is crucial for property owners, as they directly impact the annual tax bill. The national median property tax bill is around $2,400, and knowing where your city stands in relation to this can help in financial planning and decision-making.
Below, you can compare Norway’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 ÷ 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 Norway Tax Rate
1.47%
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 Norway, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04268 | 1.47% | 1.47% | 1.47% | 1.47% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Norway, Oxford County, Maine
When examining property taxes in Norway, 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 May. 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 Norway. For example, the median home price in Norway is $171,900, with tax bills ranging significantly across the county. 04268 has the highest median home price at $171,900.
Property Tax Assessment Values Across Norway, Oxford County, Maine
Source: Ownwell
$26,046
$119,248
$212,450
Median Norway Market Value
$171,900
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 Norway, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04268 | $55,680 | $103,800 | $171,900 | $253,700 | $361,180 |
Source: Ownwell
Property Tax Bills Across Norway, Oxford County, Maine
In Norway, located in Oxford County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in this region is $171,900, and homeowners can expect a range of property tax bills. At the 25th percentile, the tax bill is approximately $1,526, while at the 75th percentile, it rises to $3,732. For those at the 90th percentile, the tax bill can reach up to $5,310. The median property tax bill in Norway aligns with the highest and lowest in the area, standing at $2,527, which is slightly above the national median of $2,400.
Factors influencing property tax bills include the home's assessed value and local tax rates. High tax bills can place a significant financial burden on homeowners. This is where Ownwell comes in, providing expert property tax appeal and exemption services. By leveraging their expertise, Ownwell can help homeowners potentially reduce their property tax bills, ensuring they pay only what is fair and equitable.
Median Norway Tax Bill
$2,527
Median Oxford County Tax Bill
$2,200
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Norway, Oxford County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04268 | $821 | $1,526 | $2,527 | $3,732 | $5,310 |
Source: Ownwell