South Bristol, Lincoln County, Maine Property Taxes

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

Median South Bristol, ME effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%. Median South Bristol, ME home value: $379,200. Median annual South Bristol, ME tax bill: $1,541, $859 lower than the national median property tax bill of $2,400. How are property taxes in Lincoln calculated? Property taxes in South Bristol, 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 South Bristol’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in South Bristol, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

South Bristol, Lincoln County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.4%

Estimate Property Tax Bill

$1,517

$1,408

Ownwell’s South Bristol Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in South Bristol with just two data points. By entering your property's estimated assessed value, our calculator applies South Bristol’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 South Bristol, Lincoln County, Maine

Local government entities set tax rates, which can vary widely within a state. This variation occurs because 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.

South Bristol, located in Lincoln County, ME, presents a unique perspective on property taxation. With an effective property tax rate of 0.40%, it aligns with the highest and lowest rates within the state, offering a consistent taxation landscape. However, when compared to the national median property tax rate of 1.02%, South Bristol's rate is significantly lower, providing property owners with a more favorable tax environment. The national median property tax bill stands at $2,400, highlighting the potential savings for residents. This advantageous tax rate can be an attractive factor for potential homeowners and investors looking for properties in regions with lower tax burdens.

Property Tax Rates Across South Bristol, 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 South Bristol Tax Rate

0.40%

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 South Bristol, Lincoln County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04568	0.40%	0.40%	0.40%	0.40%	0.40%

Source: Ownwell

Property Tax Assessment Values Across South Bristol, Lincoln County, Maine

When examining property taxes in South Bristol, 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 South Bristol. For example, the median home price in South Bristol is $379,200, with tax bills ranging significantly across the county. Zip code 04568 has the highest median home price at $379,200.

Property Tax Assessment Values Across South Bristol, Lincoln County, Maine

Source: Ownwell

$125,200

$379,800

$634,400

Median South Bristol Market Value

$379,200

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 South Bristol, Lincoln County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04568	$195,020	$244,200	$379,200	$619,100	$1,257,900

Source: Ownwell

Property Tax Bills Across South Bristol, Lincoln County, Maine

In South Bristol, located in Lincoln County, ME, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value, which determines the final tax bill. Various factors influence this calculation, including the property's location, size, and any applicable exemptions or deductions. Homeowners in South Bristol face a median property tax bill of $1,541, which is significantly lower than the national median of $2,400. However, for some, the tax bill can reach up to $5,069, depending on the property's assessed value and specific circumstances. This can place a financial burden on homeowners, particularly those with higher-valued properties. Ownwell offers a valuable service for homeowners by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially lower their assessed property values, resulting in reduced tax bills. This assistance is crucial for ensuring that homeowners are not overpaying and can maintain their financial stability.

Property Tax Bills Across South Bristol, Lincoln County, Maine

Source: Ownwell

$1,132

$3,405

$5,678

Median South Bristol Tax Bill

$1,541

Median Lincoln County Tax Bill

$2,866

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across South Bristol, Lincoln County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04568	$786	$984	$1,541	$2,647	$5,069

Source: Ownwell