04544 Property Tax Rate

Property owners in ZIP code 04544 (East Boothbay, Maine) pay a median of $3,586/year in property taxes on homes valued at $466,200. This translates to an effective tax rate of 0.77%, which is 26% below the Maine state average of 1.04%.

The monthly property tax burden for a median-valued home in 04544 is approximately $299, which factors into escrow payments on mortgages. This ZIP code is located within Lincoln County. This is $1,032 more than the Maine average of $2,554/year.

Compared to similar ZIP codes in Maine, 04544 has lower property taxes. ZIP codes with similar effective rates include 04421 (0.77%) and 04671 (0.77%).

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.