Pittsfield, Somerset County, Maine Property Taxes

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

Median Pittsfield, ME effective property tax rate: 2.44%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Pittsfield, ME home value: $88,000
Median annual Pittsfield, ME tax bill: $2,150, $250 lower than the national median property tax bill of $2,400.

How are property taxes in Somerset calculated?

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

Last Updated March 1, 2025

Pittsfield, Somerset County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.44%

Estimate Property Tax Bill

$2,147

$1,993

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

Property Tax Rates Across Pittsfield, Somerset County, Maine

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually 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. Although votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

Pittsfield in Somerset County, ME, stands out with its effective property tax rate. When compared to other cities in Maine, Pittsfield's rate is notably higher than the national median property tax rate of 1.02%. This difference highlights the variation in property tax rates within the state and the country. While property taxes can be a significant expense for homeowners, understanding how these rates are determined can help residents make informed decisions. Whether you're comparing rates across different regions or considering an appeal, being informed about local property tax trends is crucial.

Property Tax Rates Across Pittsfield, 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 Pittsfield Tax Rate

2.44%

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 Pittsfield, Somerset County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04967	2.44%	2.44%	2.44%	2.44%	2.44%

Source: Ownwell

Property Tax Assessment Values Across Pittsfield, Somerset County, Maine

When examining property taxes in Pittsfield, 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 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 Pittsfield. For example, the median home price in Pittsfield is $88,000, with tax bills ranging significantly across the county. 04967 has the highest median home price at $88,000.

Property Tax Assessment Values Across Pittsfield, Somerset County, Maine

Source: Ownwell

$74,500

$182,040

$289,580

Median Pittsfield Market Value

$88,000

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 Pittsfield, Somerset County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04967	$30,540	$55,300	$88,000	$125,000	$167,000

Source: Ownwell

Property Tax Bills Across Pittsfield, Somerset County, Maine

In Pittsfield, located in Somerset County, ME, property tax bills are calculated based on the assessed value of a home. The local government assesses properties to determine their market value, which is then multiplied by the tax rate to calculate the annual tax bill. The median home price in Pittsfield is $88,000, and while the national median property tax bill is $2,400, the tax bill in Pittsfield can vary significantly. For instance, the 25th percentile tax bill is $1,351, while the 75th percentile is $3,050. The highest median tax bill in the area is $2,150, reflecting the variability in property taxes. These factors can place a significant financial burden on homeowners.

Ownwell offers valuable services to help reduce this burden by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in Pittsfield in potentially lowering their tax bills, ensuring they pay only what is fair and accurate, and ultimately saving them money.

Property Tax Bills Across Pittsfield, Somerset County, Maine

Source: Ownwell

$420

$1,359

$2,297

Median Pittsfield Tax Bill

$2,150

Median Somerset County Tax Bill

$1,837

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Pittsfield, Somerset County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04967	$750	$1,351	$2,150	$3,050	$4,075

Source: Ownwell