Westport Island, Lincoln County, Maine Property Taxes
Median Westport Island, ME effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Westport Island, ME home value: $261,590
Median annual Westport Island, ME tax bill: $2,171, $229 lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln calculated?
Property taxes in Westport Island, 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 Westport Island’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Westport Island, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Westport Island, Lincoln County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$2,171
$2,015
Property Tax Rates Across Westport Island, Lincoln County, Maine
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Though votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
Westport Island in Lincoln County, ME, has a median property tax rate of 0.83%, which is notably below the national median of 1.02%. This relatively low rate reflects the area's approach to balancing budgetary needs with the value of taxable property. Compared to the national median property tax bill of $2,400, Westport Island offers a more affordable option for property owners. This rate is consistent across Lincoln County, highlighting a uniformity in tax assessment within the region. For property owners, this means potential savings and predictability in annual tax expenses. Understanding these local tax rates can be crucial for homeowners and investors looking to make informed decisions about property investments in Maine.
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 Westport Island Tax Rate
0.83%
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 Westport Island, Lincoln County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04578 | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Westport Island, Lincoln County, Maine
When examining property taxes in Westport Island, 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 assessment office 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 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 Westport Island.
For example, the median home price in Westport Island is $261,590, with tax bills ranging significantly across the county. Zip code 04578 has the highest median home price at $261,590.
Property Tax Assessment Values Across Westport Island, Lincoln County, Maine
Source: Ownwell
$125,200
$379,800
$634,400
Median Westport Island Market Value
$261,590
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 Westport Island, Lincoln County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04578 | $128,501 | $172,459 | $261,590 | $467,424 | $653,452 |
Source: Ownwell
Property Tax Bills Across Westport Island, Lincoln County, Maine
In Westport Island, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is a percentage of the market value, which is influenced by factors such as location, property size, and market conditions. Westport Island homeowners experience tax bills with a median of $2,171, which is below the national median of $2,400. However, tax bills can vary widely, with some homeowners paying as little as $1,441, while others face bills as high as $5,514, depending on their property's assessed value and specific circumstances.
Homeowners in Westport Island can benefit from appealing their property tax assessments to ensure they are not overpaying. Ownwell specializes in helping homeowners navigate the complexities of property tax appeals and exemptions. By analyzing market data and identifying potential discrepancies in assessments, Ownwell can assist homeowners in reducing their tax burdens. This service can lead to significant savings, allowing homeowners to allocate their resources more effectively and enjoy greater financial peace of mind.
Median Westport Island Tax Bill
$2,171
Median Lincoln County Tax Bill
$2,866
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Westport Island, Lincoln County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04578 | $1,092 | $1,441 | $2,171 | $3,956 | $5,514 |
Source: Ownwell