Put in the assessed value from your bill to see roughly what a year comes to, what the homestead, veteran and blind exemptions take off, and which state programmes can lower it further.
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From Town Tools. For the current version, visit https://www.towntools.org/damariscotta-maine-us/property-tax
It is printed on the bill. Damariscotta assesses at about 72% of what a property would sell for, so the bill's figure is lower than the market price. Use the bill's figure.
Exemptions you can claim
Each of these has to be applied for at the Town Office, and the deadline is 1 April. None of them is automatic. If you already have one, it will show on your bill.
Enter your assessed value to see the estimate.
Damariscotta's rate this year is $21.03 for every $1,000 of assessed value.
An estimate, not your bill
This applies the published rates to the value you entered. It doesn’t include any credit or exemption you may qualify for (see below), and a property’s special circumstances can change the figure. Your actual bill comes from the Town of Damariscotta Tax Collector.
How the rate is set
Two town pages disagree. This one follows the Assessors
The Tax Collector's Fiscal Year Tax Rate page still shows last year: $18.50 and a 92% ratio. The Assessors' Tax Information page and the FY2026 commitment book both carry $21.03 and 72%, so that is what this page uses. If you are checking against the town's site, the Assessors' page is the current one.
Where the $4,320 and $2,880 come from
Maine sets the veteran and blind exemptions at $6,000 and $4,000, and state law says every partial exemption is adjusted by the town's certified assessment ratio. Damariscotta's is 72%. The town publishes the scaled homestead figure itself — $25,000 becomes $18,000 — and the same arithmetic gives the other two. The Assessors can confirm the exact figure on your bill.
Next year's rate is not set yet
Damariscotta commits its rate in the middle of the summer. As of 7 August 2026 nothing later than FY2026 had been posted, so this page will keep showing FY2026 until the town publishes the new one.
What this does not cover
Business personal property, supplemental bills, and land in Tree Growth, Farmland or Open Space classification are all worked out differently. Bills are due 1 October and 1 April, and unpaid amounts carry 7.5% interest.
What can lower your bill
Property Tax Fairness Credit
A refund through the state income tax, and you can get it whether or not you owe any income tax. Claim it on Form 1040ME with Schedule PTFC/STFC. There are income and property-tax limits, and they are set year by year — the schedule for that tax year is where to check them.
The State pays your property tax each year, and up to two years of what is already owed, for as long as you stay in the programme. It is repaid with interest when you leave it or when the property changes hands. Applications are taken between 1 January and 1 April. There are income and asset limits, set out in the state's Bulletin No. 34.