Frequently Asked Questions

Although a Revaluation may result in an adjustment to nearly each individual assessment; it does not mean that property taxes will increase. Please remember, assessments are only the base that is used to determine the individual tax impact on each and every taxable property. Key point - The overall budget, and the tax levy, for the city is not related to the revaluation. The tax levy is the amount of property taxes needed to fund municipal, school and county approved budgets.

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In the State of Maine, property tax rates are typically denominated in millage rates. A mill represents the tax per thousand dollars of assessed value. For instance, if a home has an assessed value of $200,000 and a mill rate of 20 (which translates to $20 of tax per $1,000 of assessed value), the annual property tax would amount to $4,000.

Date of Valuation -- Bangor’s Historic Mill Rates

04/01/2019         $23.00

04/01/2020         $23.20

04/01/2021         $22.30

04/01/2022         $20.40

04/01/2023         $19.15

04/01/2024        $18.55

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No. The City, School and County approved budgets determine the amount to be raised via taxation, regardless of the change in property values. Revising valuations ensures that the property tax burden is distributed according to a more accurate estimate of value. 

This is the concept of uniformity and the basis for Maine property tax law.

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We cannot say at this time, as the final mill (tax) rate (corresponding to the revaluation year) will not be set until the tax commitment in July 2026. Your assessed value may go up, but it is possible the mill (tax) rate may go down, which would result in a moderate increase in taxes, or potentially even a decrease. Keep in mind that the mill (tax) rate is based in part on City, School and County budgets. Typically, if you see a big increase in assessed value, it is because your property has been undervalued for some time or you’ve made improvements.

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A notice stating the proposed assessed value will be mailed to each property owner. The goal is for this phase to be completed by June of 2026. The mill rate (the rate used to calculate property taxes due) is determined after the municipal, county, and school budgets and property values are finalized. The Assessor typically delivers the list of new values and taxes due to the Tax Collector during the month of July and tax bills go out by the middle of August; it is at that time that we can tell you what your tax bill will be.

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