04576 Property Tax Rate

Property owners in ZIP code 04576 (Southport, Maine) pay a median of $1,977/year in property taxes on homes valued at $416,100. This translates to an effective tax rate of 0.48%, which is 54% below the Maine state average of 1.04%.

The monthly property tax burden for a median-valued home in 04576 is approximately $165, which factors into escrow payments on mortgages. This ZIP code is located within Lincoln County. This is $577 less than the Maine average of $2,554/year.

Compared to similar ZIP codes in Maine, 04576 has lower property taxes. ZIP codes with similar effective rates include 04616 (0.47%) and 04617 (0.48%).

In Southport, property taxes represent approximately 2.4% of the median household income of $83,438, 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.