Moscow, Somerset County, Maine Property Taxes

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

Median Moscow, ME effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Moscow, ME home value: $105,220
Median annual Moscow, ME tax bill: $1,302, $1,098 lower than the national median property tax bill of $2,400.

How are property taxes in Somerset calculated?

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

Last Updated March 1, 2025

Moscow, Somerset County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.23%

Estimate Property Tax Bill

$1,294

$1,201

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

Property Tax Rates Across Moscow, Somerset County, Maine

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Moscow, located in Somerset County, the effective property tax rate provides an interesting comparison to other cities in Maine and the national average. Maine's median property tax rate is higher than the national median of 1.02%, which might come as a surprise to some homeowners. Understanding these rates is crucial for property owners looking to manage their expenses effectively. With property taxes being a significant component of homeownership costs, knowing where your city stands can help you plan better financially. Comparing Moscow’s rate to both the state and national medians can provide valuable insights for residents and potential homebuyers evaluating their options in the local real estate market.

Property Tax Rates Across Moscow, Somerset County, Maine

Source: Ownwell

0.47%

1.46%

2.44%

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 Moscow Tax Rate

1.23%

Median Effective Somerset County Tax Rate

1.77%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Moscow, Somerset County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04920	1.23%	1.23%	1.23%	1.23%	1.23%

Source: Ownwell

Property Tax Assessment Values Across Moscow, Somerset County, Maine

When examining property taxes in Moscow, 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 Somerset 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 Somerset 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 Moscow. For example, the median home price in Moscow is $105,220, with tax bills ranging significantly across the county. Zip code 04920 has the highest median home price at $105,220.

Property Tax Assessment Values Across Moscow, Somerset County, Maine

Source: Ownwell

$74,500

$182,040

$289,580

Median Moscow Market Value

$105,220

Median Somerset County Market Value

$105,900

Median Maine Market Value

$204,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Moscow, Somerset County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04920	$46,883	$69,872	$105,220	$147,722	$200,309

Source: Ownwell

Property Tax Bills Across Moscow, Somerset County, Maine

In Moscow, Somerset County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. The median home price in Moscow is $105,220. Homeowners in Moscow typically face tax bills ranging from $932 at the 25th percentile to $2,468 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,302, which is below the national median of $2,400. This indicates that while property taxes in Moscow might be lower than the national average, they can still be a significant expense for homeowners. Ownwell offers expert property tax appeal and exemption services that can help homeowners reduce their tax bills. By ensuring that properties are assessed fairly, Ownwell helps homeowners save money and ease the financial burden of property taxes.

Property Tax Bills Across Moscow, Somerset County, Maine

Source: Ownwell

$420

$1,359

$2,297

Median Moscow Tax Bill

$1,302

Median Somerset County Tax Bill

$1,837

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Moscow, Somerset County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04920	$583	$932	$1,302	$1,820	$2,468

Source: Ownwell