Skowhegan, Somerset County, Maine Property Taxes
Median Skowhegan, ME effective property tax rate: 1.77%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Skowhegan, ME home value: $129,800
Median annual Skowhegan, ME tax bill: $2,297, $103 lower than the national median property tax bill of $2,400.
How are property taxes in Somerset calculated?
Property taxes in Skowhegan, 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 Skowhegan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Skowhegan, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Skowhegan, Somerset County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.77%
Estimate Property Tax Bill
$2,297
$2,132
Property Tax Rates Across Skowhegan, Somerset County, Maine
Local government entities set tax rates, which can vary widely within a state. This variation arises because each county annually estimates its required budget to provide services, 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, this is the annual process in a nutshell. Below, you can compare Skowhegan’s effective property tax rate to other cities in Maine and the median property tax rates in Maine and the U.S.
Skowhegan, located in Somerset County, has an effective property tax rate of 1.77%, which is notably higher than the national median property tax rate of 1.02%. This places Skowhegan among the areas with the highest median tax rate in the state. Homeowners in Skowhegan might find their property tax bills significantly higher than the national average, which stands at $2400. Understanding these rates is crucial for property owners seeking to manage their tax obligations effectively. Comparing local rates to state and national figures can provide valuable insights for those considering property investments or appealing their property taxes.
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 Skowhegan Tax Rate
1.77%
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 Skowhegan, Somerset County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04976 | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Skowhegan, Somerset County, Maine
When examining property taxes in Skowhegan, 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 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 Skowhegan. For example, the median home price in Skowhegan is $129,800, with tax bills ranging significantly across the county. Zip code 04976 has the highest median home price at $129,800.
Property Tax Assessment Values Across Skowhegan, Somerset County, Maine
Source: Ownwell
$74,500
$182,040
$289,580
Median Skowhegan Market Value
$129,800
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 Skowhegan, Somerset County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04976 | $23,820 | $77,800 | $129,800 | $192,400 | $270,100 |
Source: Ownwell
Property Tax Bills Across Skowhegan, Somerset County, Maine
In Skowhegan, located in Somerset County, ME, property tax bills are determined by the assessed value of a home and the local tax rate. With a median home price of $129,800, the tax bill can vary significantly. For instance, homeowners in the 25th percentile pay around $1,372, while those in the 75th percentile face bills of approximately $3,406. At the 90th percentile, tax bills can reach up to $4,781. These figures indicate that Skowhegan's property tax bills can be higher than the national median of $2,400, impacting homeowners' financial planning.
Understanding these variations is crucial for homeowners seeking to manage their expenses. This is where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills, ensuring they pay only what is fair. This service is particularly beneficial in areas like Skowhegan, where tax bills can significantly impact household budgets. Through professional guidance and support, Ownwell empowers homeowners to take control of their property tax obligations.
Median Skowhegan Tax Bill
$2,297
Median Somerset County Tax Bill
$1,837
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Skowhegan, Somerset County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04976 | $418 | $1,372 | $2,297 | $3,406 | $4,781 |
Source: Ownwell