Lubec, Washington County, Maine Property Taxes
Median Lubec, ME effective property tax rate: 2.42%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Lubec, ME home value: $77,648
Median annual Lubec, ME tax bill: $1,880, $520 lower than the national median property tax bill of $2,400.
How are property taxes in Washington calculated?
Property taxes in Lubec, 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 Lubec’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lubec, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lubec, Washington County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.42%
Estimate Property Tax Bill
$1,879
$1,744
Property Tax Rates Across Lubec, Washington 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. Below, you can compare Lubec’s effective property tax rate to other cities in Maine and the median property tax rates in Maine and the U.S.
In Lubec, located in Washington County, the property tax rate stands out compared to other regions. The town's effective property tax rate is significantly higher than the national median of 1.02%. This can be attributed to the county's budgetary needs and the total value of taxable properties in the area. With the highest and lowest median tax rates in this region being the same, it highlights a consistent rate across Lubec. Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively. By comparing these rates to state and national medians, property owners can gain insight into their tax responsibilities and explore potential savings through appeals or exemptions.
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 Lubec Tax Rate
2.42%
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 Washington County Tax Rate
1.70%
Median Effective Maine Tax Rate
1.57%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lubec, Washington County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04652 | 2.42% | 2.42% | 2.42% | 2.42% | 2.42% |
Source: Ownwell
Property Tax Assessment Values Across Lubec, Washington County, Maine
When examining property taxes in Lubec, 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 Washington 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 Washington 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 Lubec.
For example, the median home price in Lubec is $77,648, with tax bills ranging significantly across the county. 04652 has the highest median home price at $77,648.
Property Tax Assessment Values Across Lubec, Washington County, Maine
Source: Ownwell
$40,740
$112,570
$184,400
Median Lubec Market Value
$77,648
Median Washington County Market Value
$97,800
Median Maine Market Value
$204,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lubec, Washington County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04652 | $30,242 | $53,522 | $77,648 | $120,206 | $180,479 |
Source: Ownwell
Property Tax Bills Across Lubec, Washington County, Maine
Median Lubec Tax Bill
$1,880
Median Washington County Tax Bill
$1,700
Median Maine Tax Bill
$3,200
Median United States Tax Bill
$2,400
Property Tax Bills Across Lubec, Washington County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04652 | $732 | $1,296 | $1,880 | $2,910 | $4,370 |
Source: Ownwell
