Edgecomb, Lincoln County, Maine Property Taxes
Median Edgecomb, ME effective property tax rate: 1.67%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Edgecomb, ME home value: $183,708
Median annual Edgecomb, ME tax bill: $3,068, $668 higher than the national median property tax bill of $2,400.
How are property taxes in Lincoln calculated?
Property taxes in Edgecomb, 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 Edgecomb’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Edgecomb, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Edgecomb, Lincoln County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.67%
Estimate Property Tax Bill
$3,068
$2,847
Property Tax Rates Across Edgecomb, Lincoln County, Maine
Local government entities set tax rates, which can vary widely within a state. Annually, each county 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. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Edgecomb’s effective property tax rate to other cities in Maine and the median property tax rates in Maine and the U.S.
Edgecomb, located in Lincoln County, has a median property tax rate of 1.67%, which is significantly higher than the national median of 1.02%. This rate reflects the county's budgetary needs and the total value of taxable property. When compared to other regions in the state, Edgecomb's property tax rate is on par with the highest and lowest rates in Maine, which are both 1.67%. Understanding these rates can help property owners anticipate their tax obligations and explore potential savings through appeals or exemptions.
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 Edgecomb Tax Rate
1.67%
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 Lincoln County Tax Rate
1.40%
Median Effective Maine Tax Rate
1.57%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Edgecomb, Lincoln County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04556 | 1.67% | 1.67% | 1.67% | 1.67% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Edgecomb, Lincoln County, Maine
When examining property taxes in Edgecomb, 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 Lincoln 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 Lincoln 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 Edgecomb.
For example, the median home price in Edgecomb is $183,708, with tax bills ranging significantly across the county. Zip code 04556 has the highest median home price at $183,708.
Property Tax Assessment Values Across Edgecomb, Lincoln County, Maine
Source: Ownwell
$125,200
$379,800
$634,400
Median Edgecomb Market Value
$183,708
Median Lincoln County Market Value
$224,290
Median Maine Market Value
$204,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Edgecomb, Lincoln County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04556 | $100,640 | $133,749 | $183,708 | $295,094 | $525,113 |
Source: Ownwell
Property Tax Bills Across Edgecomb, Lincoln County, Maine
In Edgecomb, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The tax rate is applied to this assessed value to calculate the annual tax bill. The median home price in Edgecomb is $183,708, with property tax bills ranging significantly. Homeowners at the 25th percentile pay around $2,233, while those at the 75th percentile see bills as high as $4,928. At the 90th percentile, tax bills can reach $8,770. The median tax bill in Edgecomb is notably higher than the national median of $2,400, highlighting the potential financial burden on homeowners.
Ownwell offers valuable services to help homeowners in Edgecomb reduce their property tax bills. By providing expert guidance on property tax appeals and exemptions, Ownwell can assist homeowners in ensuring their property assessments are fair and accurate. This can lead to significant savings, easing the financial burden of property taxes and ensuring homeowners are not overpaying compared to their assessed property value.
Median Edgecomb Tax Bill
$3,068
Median Lincoln County Tax Bill
$2,866
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Edgecomb, Lincoln County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04556 | $1,680 | $2,233 | $3,068 | $4,928 | $8,770 |
Source: Ownwell