Boothbay Harbor, Lincoln County, Maine Property Taxes
Median Boothbay Harbor, ME effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Boothbay Harbor, ME home value: $315,250
Median annual Boothbay Harbor, ME tax bill: $2,822, $422 higher than the national median property tax bill of $2,400.
How are property taxes in Lincoln calculated?
Property taxes in Boothbay Harbor, 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 Boothbay Harbor’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Boothbay Harbor, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Boothbay Harbor, Lincoln County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$2,806
$2,604
Ownwell’s Boothbay Harbor Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Boothbay Harbor with just two data points.
By entering your property's estimated assessed value, our calculator applies Boothbay Harbor’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lincoln County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Boothbay Harbor, Lincoln County, Maine
Local government entities set tax rates, which can vary widely within a state. 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.
In Boothbay Harbor, located in Lincoln County, the effective property tax rate is 0.89%. This rate falls below the national median property tax rate of 1.02%. Despite the lower rate, it's important to consider how this affects the overall property tax bill, especially when compared to the national median property tax bill of $2400. Boothbay Harbor’s tax rate is consistent with the highest and lowest rates in the area, indicating a stable tax environment. This stability can be attractive for property owners looking for predictability in their annual expenses. Comparing Boothbay Harbor’s rate to other cities in Maine and the U.S. provides valuable insight into the local tax landscape, helping property owners make informed financial decisions.
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 Boothbay Harbor Tax Rate
0.89%
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 Boothbay Harbor, Lincoln County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04538 | 0.89% | 0.89% | 0.89% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Boothbay Harbor, Lincoln County, Maine
When examining property taxes in Boothbay Harbor, 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.
Assessment notices:
In Lincoln County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Boothbay Harbor.
For example, the median home price in Boothbay Harbor is $315,250, with tax bills ranging significantly across the county. 04538 has the highest median home price at $315,250.
Property Tax Assessment Values Across Boothbay Harbor, Lincoln County, Maine
Source: Ownwell
$125,200
$379,800
$634,400
Median Boothbay Harbor Market Value
$315,250
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 Boothbay Harbor, Lincoln County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04538 | $161,910 | $222,150 | $315,250 | $483,075 | $898,020 |
Source: Ownwell
Property Tax Bills Across Boothbay Harbor, Lincoln County, Maine
In Boothbay Harbor, located in Lincoln County, ME, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local assessors and reflects the estimated market value of the property. The tax rate is applied to this assessed value to determine the final tax bill. For homeowners in Boothbay Harbor, the median property tax bill is $2,822, which is slightly above the national median of $2,400. Factors such as property improvements, neighborhood developments, and changes in local government budgets can influence these assessments, potentially increasing the tax burden on homeowners.
Owning property in this region can mean facing high property tax bills, particularly for those at the 90th percentile, where bills can reach up to $8,037. However, Ownwell offers significant relief to homeowners by providing expert property tax appeal and exemption services. By challenging over-assessments and ensuring homeowners receive all eligible exemptions, Ownwell helps reduce tax bills, offering peace of mind and financial savings.
Median Boothbay Harbor Tax Bill
$2,822
Median Lincoln County Tax Bill
$2,866
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Boothbay Harbor, Lincoln County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04538 | $1,449 | $1,993 | $2,822 | $4,324 | $8,037 |
Source: Ownwell