Southport, Lincoln County, Maine Property Taxes

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

Median Southport, ME effective property tax rate: 0.52%, significantly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Southport, ME home value: $358,870
Median annual Southport, ME tax bill: $1,866, $534 lower than the national median property tax bill of $2,400.

How are property taxes in Lincoln calculated?

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

Last Updated March 1, 2025

Southport, Lincoln County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.52%

Estimate Property Tax Bill

$1,866

$1,732

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

Local government entities set tax rates, which can vary widely within a state. Why? 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.

In Southport, located in Lincoln County, ME, the effective property tax rate stands at 0.52%. This rate is notably lower than the national median property tax rate of 1.02%. Consequently, residents in Southport benefit from a more favorable tax environment compared to many other regions across the U.S. This lower tax rate can result in significant savings for homeowners, making Southport an attractive option for property investment. Additionally, the consistency in tax rates across the region underscores a stable and predictable tax policy, which can be appealing for potential property buyers. By understanding these nuances, homeowners can make more informed decisions and potentially reduce their property tax burdens.

Property Tax Rates Across Southport, 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 Southport Tax Rate

0.52%

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 Southport, Lincoln County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04576	0.52%	0.52%	0.52%	0.52%	0.52%

Source: Ownwell

Property Tax Assessment Values Across Southport, Lincoln County, Maine

When examining property taxes in Southport, 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 May. 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 Southport. For example, the median home price in Southport is $358,870, with tax bills ranging significantly across the county. 04576 has the highest median home price at $358,870.

Property Tax Assessment Values Across Southport, Lincoln County, Maine

Source: Ownwell

$125,200

$379,800

$634,400

Median Southport Market Value

$358,870

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 Southport, Lincoln County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04576	$188,300	$245,437	$358,870	$547,690	$908,940

Source: Ownwell

Property Tax Bills Across Southport, Lincoln County, Maine

In Southport, located in Lincoln County, ME, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The local tax rate, applied to this assessed value, determines the final tax bill. With a median home price of $358,870, the property tax bill varies significantly. Homeowners in the 25th percentile pay around $1,276, while those in the 75th percentile face bills of approximately $2,848. At the higher end, the 90th percentile sees tax bills reaching $4,726. Southport's median property tax bill stands at $1,866, which is below the national median of $2,400, making it relatively affordable compared to other regions. However, even in areas with lower tax bills, homeowners can benefit from professional assistance. Ownwell offers expert property tax appeal and exemption services, helping homeowners potentially reduce their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell ensures that homeowners in Southport pay only their fair share, maximizing savings and providing peace of mind.

Property Tax Bills Across Southport, Lincoln County, Maine

Source: Ownwell

$1,132

$3,405

$5,678

Median Southport Tax Bill

$1,866

Median Lincoln County Tax Bill

$2,866

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Southport, Lincoln County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04576	$979	$1,276	$1,866	$2,848	$4,726

Source: Ownwell