Lincoln County, Maine Property Taxes
The median property tax rate in Lincoln County is 1.40%, which is higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With a median home value of $224,290, the typical annual property tax bill in Lincoln County amounts to $2,866, slightly above the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often below the actual market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Lincoln County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to significant annual savings. Whether you reside in Damariscotta or another part of Lincoln County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lincoln County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$3,140
$2,914
Ownwell’s Lincoln Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lincoln with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lincoln to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Lincoln County, Maine
Property taxes in Lincoln County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lincoln County is 1.40%, which is higher than the U.S. national median of 0.99%. Local government entities within Lincoln County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lincoln County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Alna has one of the higher property tax rates in Maine at 2.15%, while the city of Walpole boasts one of the lowest at 0.40%. Analyzing how Lincoln County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lincoln County Tax Rate
1.40%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lincoln County, Maine
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alna | 2.14% | 2.14% | 2.15% | 2.15% | 2.15% |
| Boothbay | 1.00% | 1.00% | 1.01% | 1.01% | 1.01% |
| Boothbay Harbor | 0.89% | 0.89% | 0.89% | 0.90% | 0.90% |
| Bremen | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
| Bristol | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
| Chamberlain | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
| Damariscotta | 1.66% | 1.66% | 1.66% | 1.67% | 1.67% |
| Dresden | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% |
| East Boothbay | 1.00% | 1.00% | 1.01% | 1.01% | 1.01% |
| Edgecomb | 1.67% | 1.67% | 1.67% | 1.67% | 1.67% |
| Jefferson | 1.50% | 1.50% | 1.51% | 1.51% | 1.51% |
| Monhegan | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
| Newagen | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
| Newcastle | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% |
| New Harbor | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
| Nobleboro | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
| Palermo | N/A | N/A | N/A | N/A | N/A |
| Pemaquid | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
| Pittston | N/A | N/A | N/A | N/A | N/A |
| Round Pond | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
| Somerville | 2.02% | 2.02% | 2.02% | 2.02% | 2.02% |
| South Bristol | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| Southport | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
| Trevett | 1.00% | 1.00% | 1.00% | 1.01% | 1.01% |
| Waldoboro | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% |
| Walpole | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| West Boothbay Harbor | 0.89% | 0.89% | 0.90% | 0.90% | 0.90% |
| Westport Island | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
| Whitefield | 1.67% | 1.67% | 1.67% | 1.67% | 1.67% |
| Wiscasset | 1.70% | 1.70% | 1.70% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Lincoln County, Maine
In Lincoln County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lincoln County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Lincoln County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Lincoln County, the cities with the highest and lowest median tax bills provide a stark contrast. West Boothbay Harbor has the highest median tax bill at $5,678, while Palermo has the lowest at just $376. Being aware of these valuation processes in Lincoln County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Lincoln County Assessed Value
$224,290
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lincoln County, Maine
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alna | $98,258 | $134,300 | $179,570 | $240,425 | $314,336 |
| Boothbay | $75,053 | $152,499 | $240,203 | $391,140 | $642,010 |
| Boothbay Harbor | $161,910 | $222,150 | $315,250 | $483,075 | $898,020 |
| Bremen | $101,130 | $152,875 | $233,800 | $386,100 | $564,510 |
| Bristol | $134,860 | $179,600 | $252,200 | $342,900 | $484,300 |
| Chamberlain | $336,800 | $433,300 | $524,600 | $725,775 | $906,550 |
| Damariscotta | $55,400 | $150,900 | $222,000 | $304,425 | $409,010 |
| Dresden | $75,470 | $129,950 | $181,650 | $234,450 | $303,480 |
| East Boothbay | $166,320 | $229,270 | $333,396 | $548,664 | $836,246 |
| Edgecomb | $100,640 | $133,749 | $183,708 | $295,094 | $525,113 |
| Jefferson | $86,140 | $119,600 | $157,900 | $204,300 | $276,340 |
| Monhegan | $307,578 | $384,276 | $484,646 | $560,910 | $616,226 |
| Newagen | $139,054 | $228,120 | $342,160 | $605,685 | $992,356 |
| Newcastle | $133,520 | $197,050 | $270,800 | $375,350 | $494,040 |
| New Harbor | $164,240 | $202,550 | $284,000 | $500,700 | $750,320 |
| Nobleboro | $120,950 | $152,300 | $202,750 | $278,600 | $409,450 |
| Palermo | N/A | N/A | N/A | N/A | N/A |
| Pemaquid | $103,720 | $188,000 | $271,000 | $396,200 | $627,140 |
| Pittston | N/A | N/A | N/A | N/A | N/A |
| Round Pond | $158,260 | $189,800 | $259,200 | $347,950 | $584,300 |
| Somerville | $51,760 | $83,850 | $125,200 | $173,700 | $237,640 |
| South Bristol | $195,020 | $244,200 | $379,200 | $619,100 | $1,257,900 |
| Southport | $188,300 | $245,437 | $358,870 | $547,690 | $908,940 |
| Trevett | $99,182 | $157,498 | $257,764 | $462,894 | $769,995 |
| Waldoboro | $84,300 | $154,750 | $219,000 | $313,000 | $440,000 |
| Walpole | $176,860 | $217,500 | $275,900 | $415,800 | $748,600 |
| West Boothbay Harbor | $403,100 | $496,575 | $634,400 | $787,025 | $1,275,550 |
| Westport Island | $128,501 | $172,459 | $261,590 | $467,424 | $653,452 |
| Whitefield | $70,031 | $105,497 | $145,683 | $187,612 | $227,607 |
| Wiscasset | $70,180 | $133,900 | $199,500 | $283,200 | $391,360 |
Source: Ownwell
Property Tax Bills Across Lincoln County, Maine
In Lincoln County, ME, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. The local tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Lincoln County can see a wide range in their property tax bills. For instance, the 25th percentile tax bill is $1,883, while the 75th percentile tax bill is $4,289. The 90th percentile tax bill can be as high as $6,389. Comparatively, the national median property tax rate is 0.99%, making Lincoln County's tax landscape diverse. The highest median tax bill in the county is found in West Boothbay Harbor at $5,678, while the lowest is in Palermo at $376. These variations significantly impact how much homeowners pay annually, affecting their overall financial planning and homeownership costs.
Average Lincoln County Tax Bill
$2,866
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Lincoln County, Maine
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alna | $2,108 | $2,881 | $3,852 | $5,158 | $6,742 |
| Boothbay | $961 | $1,578 | $2,465 | $3,977 | $6,563 |
| Boothbay Harbor | $1,449 | $1,993 | $2,822 | $4,324 | $8,037 |
| Bremen | $1,214 | $1,835 | $2,806 | $4,634 | $6,774 |
| Bristol | $968 | $1,276 | $1,812 | $2,469 | $3,487 |
| Chamberlain | $2,425 | $3,120 | $3,777 | $5,226 | $6,527 |
| Damariscotta | $922 | $2,504 | $3,696 | $5,068 | $6,810 |
| Dresden | $1,208 | $2,079 | $2,910 | $3,751 | $4,856 |
| East Boothbay | $1,694 | $2,320 | $3,358 | $5,543 | $8,415 |
| Edgecomb | $1,680 | $2,233 | $3,068 | $4,928 | $8,770 |
| Jefferson | $1,332 | $1,856 | $2,400 | $3,097 | $4,285 |
| Monhegan | $2,123 | $2,652 | $3,344 | $3,870 | $4,252 |
| Newagen | $723 | $1,186 | $1,779 | $3,150 | $5,160 |
| Newcastle | $2,136 | $3,153 | $4,333 | $6,006 | $7,905 |
| New Harbor | $1,182 | $1,458 | $2,045 | $3,605 | $5,402 |
| Nobleboro | $1,548 | $1,949 | $2,595 | $3,566 | $5,241 |
| Palermo | N/A | N/A | N/A | N/A | N/A |
| Pemaquid | $747 | $1,354 | $1,951 | $2,853 | $4,516 |
| Pittston | N/A | N/A | N/A | N/A | N/A |
| Round Pond | $1,139 | $1,366 | $1,866 | $2,506 | $4,207 |
| Somerville | $1,045 | $1,694 | $2,529 | $3,509 | $4,800 |
| South Bristol | $786 | $984 | $1,541 | $2,647 | $5,069 |
| Southport | $979 | $1,276 | $1,866 | $2,848 | $4,726 |
| Trevett | $997 | $1,583 | $2,591 | $4,652 | $7,739 |
| Waldoboro | $1,180 | $2,166 | $3,066 | $4,382 | $6,170 |
| Walpole | $712 | $877 | $1,132 | $1,725 | $3,017 |
| West Boothbay Harbor | $3,608 | $4,444 | $5,678 | $7,044 | $11,416 |
| Westport Island | $1,092 | $1,441 | $2,171 | $3,956 | $5,514 |
| Whitefield | $1,171 | $1,764 | $2,436 | $3,137 | $3,806 |
| Wiscasset | $1,200 | $2,283 | $3,401 | $4,808 | $6,604 |
Source: Ownwell