New Portland, Somerset County, Maine Property Taxes
Median New Portland, ME effective property tax rate: 1.48%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median New Portland, ME home value: $129,600
Median annual New Portland, ME tax bill: $1,918, $482 lower than the national median property tax bill of $2,400.
How are property taxes in Somerset calculated?
Property taxes in New Portland, 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 New Portland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Portland, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Portland, Somerset County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.48%
Estimate Property Tax Bill
$1,918
$1,780
Property Tax Rates Across New Portland, Somerset County, Maine
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 New Portland Tax Rate
1.48%
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 New Portland, Somerset County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04961 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across New Portland, Somerset County, Maine
When examining property taxes in New Portland, 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.
Assessment notices: 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 New Portland. For example, the median home price in New Portland is $129,600, with tax bills ranging significantly across the county. Zip code 04961 has the highest median home price at $129,600.
Property Tax Assessment Values Across New Portland, Somerset County, Maine
Source: Ownwell
$74,500
$182,040
$289,580
Median New Portland Market Value
$129,600
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 New Portland, Somerset County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04961 | $62,450 | $88,225 | $129,600 | $185,750 | $256,290 |
Source: Ownwell
Property Tax Bills Across New Portland, Somerset County, Maine
In New Portland, Somerset County, ME, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in New Portland can expect a median property tax bill of $1,918, which is lower than the national median of $2,400. Factors such as property size, location, and improvements can influence this assessed value, affecting the final tax bill. For many homeowners, understanding these factors can be complex, and high property taxes can pose a financial burden.
Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners potentially reduce their tax bills. This service ensures homeowners are not overpaying and can lead to significant savings, making it a valuable resource for those looking to manage their property expenses more effectively.
Median New Portland Tax Bill
$1,918
Median Somerset County Tax Bill
$1,837
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across New Portland, Somerset County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04961 | $861 | $1,274 | $1,918 | $2,749 | $3,789 |
Source: Ownwell