04538 Property Tax Rate

Property owners in ZIP code 04538 (Boothbay Harbor, Maine) pay a median of $2,800/year in property taxes on homes valued at $369,600. This translates to an effective tax rate of 0.76%, which is 27% below the Maine state average of 1.04%.

The monthly property tax burden for a median-valued home in 04538 is approximately $233, which factors into escrow payments on mortgages. This ZIP code is located within Lincoln County. This is $246 more than the Maine average of $2,554/year.

Compared to similar ZIP codes in Maine, 04538 has higher property taxes. ZIP codes with similar effective rates include 04451 (0.76%) and 04408 (0.75%).

In Boothbay Harbor, property taxes represent approximately 4.7% of the median household income of $60,000, providing context for the relative tax burden on homeowners in this area.

Maine has no statewide property tax cap; Lincoln County reassesses at market value, and your property tax obligation reflects your purchase price. File for the Maine Homestead Property Tax Exemption ($7,500 off assessed value for primary residences) with the Lincoln County Assessor's office before April 1 of the year following your purchase. Request your property's assessment card and learn your municipality's revaluation schedule from the assessor; Lincoln County has a moderate effective rate of 1.02%, and the homestead exemption can provide meaningful tax savings.