Walpole, Lincoln County, Maine Property Taxes

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

Median Walpole, 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 Walpole, ME home value: $275,900
Median annual Walpole, ME tax bill: $1,132, $1,268 lower than the national median property tax bill of $2,400.

How are property taxes in Lincoln calculated?

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

Last Updated March 1, 2025

Walpole, 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

$1,104

$1,024

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

Local government entities are responsible for setting tax rates, which can vary substantially within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in shaping tax rates and budgets, this annual process is the core of how property tax rates are established. In Walpole, located in Lincoln County, Maine, the effective property tax rate is significantly lower than the national median property tax rate of 1.02%. This makes Walpole an attractive location for property owners looking to reduce their tax burden. Comparing Walpole's rate to other cities in Maine and to state and national medians highlights its favorable tax environment. For property owners, understanding these differences can provide a strategic advantage in managing expenses and maximizing investment in real estate.

Property Tax Rates Across Walpole, 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 Walpole 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 Walpole, Lincoln County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04573	0.40%	0.40%	0.40%	0.40%	0.40%

Source: Ownwell

Property Tax Assessment Values Across Walpole, Lincoln County, Maine

When examining property taxes in Walpole, 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 Walpole. For example, the median home price in Walpole is $275,900, with tax bills ranging significantly across the county. The zip code 04573 has the highest median home price at $275,900.

Property Tax Assessment Values Across Walpole, Lincoln County, Maine

Source: Ownwell

$125,200

$379,800

$634,400

Median Walpole Market Value

$275,900

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 Walpole, Lincoln County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04573	$176,860	$217,500	$275,900	$415,800	$748,600

Source: Ownwell

Property Tax Bills Across Walpole, Lincoln County, Maine

In Walpole, located in Lincoln County, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the town's assessor, who evaluates the property to establish its worth. This value is then multiplied by the local tax rate to calculate the annual tax bill. The median home price in Walpole is $275,900, and homeowners can expect a tax bill ranging from $877 at the 25th percentile to $3,017 at the 90th percentile. The median tax bill stands at $1,132, which is significantly lower than the national median of $2,400.

Property taxes can be a substantial expense for homeowners, impacting their overall financial situation. Ownwell offers services to help homeowners reduce their property tax bills by appealing incorrect assessments and ensuring they receive all eligible exemptions. By leveraging expertise in local tax laws and assessment procedures, Ownwell can potentially save homeowners hundreds or even thousands of dollars annually, alleviating the financial burden of property taxes.

Property Tax Bills Across Walpole, Lincoln County, Maine

Source: Ownwell

$1,132

$3,405

$5,678

Median Walpole Tax Bill

$1,132

Median Lincoln County Tax Bill

$2,866

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Walpole, Lincoln County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04573	$712	$877	$1,132	$1,725	$3,017

Source: Ownwell