Moxie Gore, Somerset County, Maine Property Taxes
Median Moxie Gore, ME effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Moxie Gore, ME home value: $495,672
Median annual Moxie Gore, ME tax bill: $3,782, $1,382 higher than the national median property tax bill of $2,400.
How are property taxes in Somerset calculated?
Property taxes in Moxie Gore, 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 Moxie Gore’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Moxie Gore, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Moxie Gore, Somerset County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$3,767
$3,496
Property Tax Rates Across Moxie Gore, Somerset County, Maine
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county's annual process of estimating its required budget to provide services and dividing 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.
Moxie Gore in Somerset County, ME, presents a unique case when it comes to property taxes. The effective property tax rate here is notably lower than the national median property tax rate of 1.02%. This provides a significant advantage for property owners in the area, making it an appealing location for those looking to minimize their property tax burden.
Comparing Moxie Gore's effective property tax rate to other cities in Maine and the median property tax rates in the state and the U.S. highlights its competitiveness. Property owners in Moxie Gore can enjoy the benefits of lower property taxes, which can contribute to overall savings and a more attractive investment in real estate.
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 Moxie Gore Tax Rate
0.76%
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 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 Moxie Gore, Somerset County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04985 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Moxie Gore, Somerset County, Maine
When examining property taxes in Moxie Gore, 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 Moxie Gore.
For example, the median home price in Moxie Gore is $495,672, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Moxie Gore, Somerset County, Maine
Source: Ownwell
$74,500
$182,040
$289,580
Median Moxie Gore Market Value
$495,672
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 Moxie Gore, Somerset County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04985 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Moxie Gore, Somerset County, Maine
In Moxie Gore, situated in Somerset County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area is $495,672, and the property tax rate is applied to this assessed value to arrive at the annual tax bill. Homeowners in Moxie Gore face a tax bill that typically ranges from $2,354 at the 25th percentile to $4,738 at the 90th percentile, reflecting the variability based on property values and assessment accuracy. These figures are notably close to the national median property tax bill of $2,400, indicating a competitive tax environment.
For homeowners looking to reduce their property tax burden, Ownwell offers expert property tax appeal services. By leveraging local market data and assessment insights, Ownwell can identify discrepancies in property assessments and advocate for a fairer tax bill. This service can lead to significant savings, ensuring that homeowners in Moxie Gore only pay what is truly reflective of their property's value.
Median Moxie Gore Tax Bill
$3,782
Median Somerset County Tax Bill
$1,837
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Moxie Gore, Somerset County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04985 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell