Waterford, Oxford County, Maine Property Taxes

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

Median Waterford, ME effective property tax rate: 1.59%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Waterford, ME home value: $107,218
Median annual Waterford, ME tax bill: $1,708, $692 lower than the national median property tax bill of $2,400.

How are property taxes in Oxford calculated?

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

Last Updated March 1, 2025

Waterford, Oxford County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.59%

Estimate Property Tax Bill

$1,705

$1,582

Ownwell’s Waterford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waterford with just two data points. By entering your property's estimated assessed value, our calculator applies Waterford’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 County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waterford, Oxford County, Maine

Local government entities determine tax rates, which can vary significantly within a state. Each county estimates its required budget to provide essential 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 essence, this is the annual process. Waterford in Oxford County, Maine, has an effective property tax rate that aligns with the highest and lowest median tax rates in the state, which are both 1.59%. This is notably higher than the national median property tax rate of 1.02%. Maine's property tax rate reflects the state's approach to funding local services through property taxes. Understanding these rates is crucial for property owners who wish to manage their tax liabilities effectively. By comparing Waterford's tax rate with the state and national medians, property owners can gain valuable insights into how their tax obligations measure up, potentially identifying opportunities for appeals or exemptions.

Property Tax Rates Across Waterford, 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 Waterford Tax Rate

1.59%

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 Waterford, Oxford County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04088	1.59%	1.59%	1.59%	1.59%	1.59%

Source: Ownwell

Property Tax Assessment Values Across Waterford, Oxford County, Maine

When examining property taxes in Waterford, 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. Oxford County 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 Waterford.

For example, the median home price in Waterford is $107,218, with tax bills ranging significantly across the county. Zip code 04088 has the highest median home price at $107,218.

Property Tax Assessment Values Across Waterford, Oxford County, Maine

Source: Ownwell

$26,046

$119,248

$212,450

Median Waterford Market Value

$107,218

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 Waterford, Oxford County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04088	$14,836	$51,788	$107,218	$146,784	$196,560

Source: Ownwell

Property Tax Bills Across Waterford, Oxford County, Maine

In Waterford, Oxford County, ME, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in this area is $107,218, which influences the tax bill calculations. Homeowners in Waterford can expect property tax bills to vary, with the 25th percentile at $837 and the 75th percentile reaching $2,334. This range reflects the differences in property values and the impact of local tax rates. The highest median tax bill in the region is $1,708, which is notably below the national median property tax bill of $2,400.

For homeowners, these property taxes can significantly affect annual budgets. However, Ownwell offers a solution to help reduce these expenses. By providing property tax appeal and exemption services, Ownwell assists homeowners in potentially lowering their tax bills. This service ensures that property assessments are fair and accurate, ultimately leading to savings. With Ownwell's expertise, homeowners can navigate the complexities of property taxes and find relief from excessive tax burdens.

Property Tax Bills Across Waterford, Oxford County, Maine

Source: Ownwell

$462

$1,893

$3,324

Median Waterford Tax Bill

$1,708

Median Oxford County Tax Bill

$2,200

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Waterford, Oxford County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04088	$246	$837	$1,708	$2,334	$3,127

Source: Ownwell