Lamoine, Hancock County, Maine Property Taxes
Median Lamoine, ME effective property tax rate: 1.12%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Lamoine, ME home value: $193,150
Median annual Lamoine, ME tax bill: $2,173, $227 lower than the national median property tax bill of $2,400.
How are property taxes in Hancock calculated?
Property taxes in Lamoine, 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 Lamoine’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lamoine, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lamoine, Hancock County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.12%
Estimate Property Tax Bill
$2,163
$2,007
Property Tax Rates Across Lamoine, Hancock County, Maine
Local government entities determine property tax rates, which can vary significantly across a state. Each year, counties estimate the budget needed for services and divide it by the total value of taxable property in their jurisdiction, resulting in the property tax rate. Though the process involves votes and laws, this is the essence of how property tax rates are set annually.
In Lamoine, located in Hancock County, the effective property tax rate is 1.12%. This rate is higher than the national median of 1.02%. When comparing Lamoine's rate to other cities within Maine, it stands out as both the highest and lowest median tax rate in the 04605 zip code. This suggests a uniformity in tax rates within this specific area, but it still exceeds the national average. Understanding these rates can help property owners in Lamoine make informed decisions about property tax appeals and exemptions. By staying informed about local tax rates, property owners can better manage their expenses and potentially reduce their tax burden.
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 Lamoine Tax Rate
1.12%
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 Hancock County Tax Rate
1.23%
Median Effective Maine Tax Rate
1.57%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lamoine, Hancock County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04605 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Lamoine, Hancock County, Maine
When examining property taxes in Lamoine, 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 Hancock 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 Hancock 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 Lamoine. For example, the median home price in Lamoine is $193,150, with tax bills ranging significantly across the county. 04605 has the highest median home price at $193,150.
Property Tax Assessment Values Across Lamoine, Hancock County, Maine
Source: Ownwell
$67,000
$311,200
$555,400
Median Lamoine Market Value
$193,150
Median Hancock County Market Value
$205,850
Median Maine Market Value
$204,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lamoine, Hancock County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04605 | $110,800 | $141,850 | $193,150 | $264,025 | $415,850 |
Source: Ownwell
Property Tax Bills Across Lamoine, Hancock County, Maine
Median Lamoine Tax Bill
$2,173
Median Hancock County Tax Bill
$2,609
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Lamoine, Hancock County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04605 | $1,239 | $1,595 | $2,173 | $3,010 | $4,658 |
Source: Ownwell
