Somerville, Lincoln County, Maine Property Taxes
Median Somerville, ME effective property tax rate: 2.02%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Somerville, ME home value: $125,200
Median annual Somerville, ME tax bill: $2,529, $129 higher than the national median property tax bill of $2,400.
How are property taxes in Lincoln calculated?
Property taxes in Somerville, 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 Somerville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Somerville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Somerville, Lincoln County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.02%
Estimate Property Tax Bill
$2,529
$2,347
Property Tax Rates Across Somerville, 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.
Somerville in Lincoln County, ME, has an effective property tax rate of 2.02%, which is significantly higher than the national median of 1.02%. This rate is consistent across the county, reflecting the unique fiscal needs and property values of the area. The median property tax bill in Somerville is influenced by this rate, making it crucial for property owners to explore potential exemptions or appeals that could lower their financial burden. By understanding how these rates are determined and how they compare to state and national figures, property owners in Somerville can better navigate their tax responsibilities and seek opportunities for savings.
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 Somerville Tax Rate
2.02%
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 Somerville, Lincoln County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04348 | 2.02% | 2.02% | 2.02% | 2.02% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Somerville, Lincoln County, Maine
When examining property taxes in Somerville, Maine, 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 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 Somerville. For example, the median home price in Somerville is $125,200, with tax bills ranging significantly across the county. 04348 has the highest median home price at $125,200.
Property Tax Assessment Values Across Somerville, Lincoln County, Maine
Source: Ownwell
$125,200
$379,800
$634,400
Median Somerville Market Value
$125,200
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 Somerville, Lincoln County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04348 | $51,760 | $83,850 | $125,200 | $173,700 | $237,640 |
Source: Ownwell
Property Tax Bills Across Somerville, Lincoln County, Maine
Property tax bills in Somerville, located in Lincoln County, Maine, are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Somerville is $125,200, and homeowners can expect their property tax bills to vary significantly, with the 25th percentile at $1,694 and the 75th percentile at $3,509. The 90th percentile tax bill can reach up to $4,800. These figures highlight the potential financial burden on homeowners, especially when compared to the national median property tax bill of $2,400.
Ownwell provides valuable assistance to homeowners in Somerville by offering property tax appeal and exemption services. By analyzing the assessed values and ensuring they are fair and accurate, Ownwell helps homeowners potentially reduce their tax bills. This service is particularly beneficial in areas like Somerville, where property tax bills can be significantly higher than the national average.
Median Somerville Tax Bill
$2,529
Median Lincoln County Tax Bill
$2,866
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Somerville, Lincoln County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04348 | $1,045 | $1,694 | $2,529 | $3,509 | $4,800 |
Source: Ownwell