Damariscotta, Lincoln County, Maine Property Taxes

Name: Property Tax Bills Across Damariscotta, Lincoln County, Maine
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Damariscotta, ME effective property tax rate: 1.66%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Damariscotta, ME home value: $222,000
Median annual Damariscotta, ME tax bill: $3,696, $1,296 higher than the national median property tax bill of $2,400.

How are property taxes in Lincoln County calculated?

Property taxes in Damariscotta, 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 Damariscotta’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Damariscotta, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Damariscotta, Lincoln County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.66%

Estimate Property Tax Bill

$3,685

$3,420

Ownwell’s Damariscotta Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Damariscotta with just two data points.

By entering your property's estimated assessed value, our calculator applies Damariscotta’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 Damariscotta, Lincoln County, Maine

Local government entities are responsible for setting property tax rates, and these can vary significantly within a state. Each county annually estimates its necessary budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While the process involves votes and laws to set tax rates and budgets, this is essentially how it works each year.

In Damariscotta, located in Lincoln County, the effective property tax rate is 1.66%. This rate can be compared to other cities in Maine and the nationwide median property tax rate of 1.02%. Damariscotta’s property tax rate is notably higher than the national median, reflecting the diverse nature of property tax rates across the country. Understanding these rates is crucial for homeowners as it impacts their annual tax bills and overall financial planning. By staying informed about local property tax trends, property owners can make more educated decisions regarding their real estate investments and potential tax appeals.

Property Tax Rates Across Damariscotta, Lincoln County, Maine

Source: Ownwell

0.40%

1.27%

2.15%

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 Damariscotta Tax Rate

1.66%

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 Damariscotta, Lincoln County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04543	1.66%	1.66%	1.66%	1.67%	1.67%

Source: Ownwell

Property Tax Assessment Values Across Damariscotta, Lincoln County, Maine

When examining property taxes in Damariscotta, 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 Damariscotta.

For example, the median home price in Damariscotta is $222,000, with tax bills ranging significantly across the county. Zip code 04543 has the highest median home price at $222,000.

Property Tax Assessment Values Across Damariscotta, Lincoln County, Maine

Source: Ownwell

$125,200

$379,800

$634,400

Median Damariscotta Market Value

$222,000

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 Damariscotta, Lincoln County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04543	$55,400	$150,900	$222,000	$304,425	$409,010

Source: Ownwell

Property Tax Bills Across Damariscotta, Lincoln County, Maine

In Damariscotta, located in Lincoln County, ME, property tax bills are calculated based on the assessed value of a property. This value is determined by the local assessor, who considers factors such as property size, location, and market conditions. The median home price in the area is $222,000, which influences the assessed value. Homeowners in Damariscotta face a median tax bill of $3,696, which is notably higher than the national median of $2,400. Tax bills can vary significantly, with the 25th percentile at $2,504 and the 90th percentile reaching $6,810. This variability underscores the importance of accurate assessments. High property taxes can be a burden for homeowners, affecting their financial planning and overall cost of living. By partnering with Ownwell, homeowners can potentially reduce their property tax bills. Ownwell offers expert property tax appeal services, helping ensure assessments are fair and accurate, ultimately leading to potential savings and financial relief for property owners.

Property Tax Bills Across Damariscotta, Lincoln County, Maine

Source: Ownwell

$1,132

$3,405

$5,678

Median Damariscotta Tax Bill

$3,696

Median Lincoln County Tax Bill

$2,866

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Damariscotta, Lincoln County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04543	$922	$2,504	$3,696	$5,068	$6,810

Source: Ownwell