diff --git a/rewrite-maven/src/main/java/org/openrewrite/maven/AddAnnotationProcessor.java b/rewrite-maven/src/main/java/org/openrewrite/maven/AddAnnotationProcessor.java
index fbc2644eb39..6bcac007942 100644
--- a/rewrite-maven/src/main/java/org/openrewrite/maven/AddAnnotationProcessor.java
+++ b/rewrite-maven/src/main/java/org/openrewrite/maven/AddAnnotationProcessor.java
@@ -28,6 +28,7 @@
 import org.openrewrite.xml.tree.Xml;
 
 import java.util.List;
+import java.util.concurrent.atomic.AtomicReference;
 
 import static org.openrewrite.maven.trait.Traits.mavenPlugin;
 
@@ -49,7 +50,7 @@ public class AddAnnotationProcessor extends Recipe {
 
     @Option(displayName = "Version",
             description = "The third part of a coordinate 'org.projectlombok:lombok-mapstruct-binding:0.2.0' of the processor to add. " +
-                          "Note that an exact version is expected",
+                    "Note that an exact version is expected",
             example = "0.2.0")
     String version;
 
@@ -61,8 +62,8 @@ public String getDisplayName() {
     @Override
     public String getDescription() {
         return "Add an annotation processor to the maven compiler plugin. Will not do anything if it already exists. " +
-               "Also doesn't add anything when no other annotation processors are defined yet. " +
-               "(Perhaps `ChangePluginConfiguration` can be used).";
+                "Also doesn't add anything when no other annotation processors are defined yet. " +
+                "(Perhaps `ChangePluginConfiguration` can be used).";
     }
 
     @Override
@@ -73,8 +74,9 @@ public Xml visitTag(Xml.Tag tag, ExecutionContext ctx) {
                 Xml.Tag plugins = (Xml.Tag) super.visitTag(tag, ctx);
                 plugins = (Xml.Tag) mavenPlugin().asVisitor(plugin -> {
                     if (MAVEN_COMPILER_PLUGIN_GROUP_ID.equals(plugin.getGroupId()) &&
-                        MAVEN_COMPILER_PLUGIN_ARTIFACT_ID.equals(plugin.getArtifactId())) {
-                        return new XmlIsoVisitor<ExecutionContext>() {
+                            MAVEN_COMPILER_PLUGIN_ARTIFACT_ID.equals(plugin.getArtifactId())) {
+                        AtomicReference<TreeVisitor<?, ExecutionContext>> afterVisitor = new AtomicReference<>();
+                        Xml.Tag modifiedPlugin = new XmlIsoVisitor<ExecutionContext>() {
                             @Override
                             public Xml.Tag visitTag(Xml.Tag tag, ExecutionContext ctx) {
                                 Xml.Tag tg = super.visitTag(tag, ctx);
@@ -82,14 +84,22 @@ public Xml.Tag visitTag(Xml.Tag tag, ExecutionContext ctx) {
                                     for (int i = 0; i < tg.getChildren().size(); i++) {
                                         Xml.Tag child = tg.getChildren().get(i);
                                         if (groupId.equals(child.getChildValue("groupId").orElse(null)) &&
-                                            artifactId.equals(child.getChildValue("artifactId").orElse(null))) {
+                                                artifactId.equals(child.getChildValue("artifactId").orElse(null))) {
                                             if (!version.equals(child.getChildValue("version").orElse(null))) {
                                                 String oldVersion = child.getChildValue("version").orElse("");
-                                                VersionComparator comparator = Semver.validate(oldVersion, null).getValue();
-                                                if (comparator.compare(version, oldVersion) > 0) {
-                                                    List<Xml.Tag> tags = tg.getChildren();
-                                                    tags.set(i, child.withChildValue("version", version));
-                                                    return tg.withContent(tags);
+                                                boolean oldVersionUsesProperty = oldVersion.startsWith("${");
+                                                String lookupVersion = oldVersionUsesProperty ?
+                                                        getResolutionResult().getPom().getValue(oldVersion.trim()) :
+                                                        oldVersion;
+                                                VersionComparator comparator = Semver.validate(lookupVersion, null).getValue();
+                                                if (comparator.compare(version, lookupVersion) > 0) {
+                                                    if (oldVersionUsesProperty) {
+                                                        afterVisitor.set(new ChangePropertyValue(oldVersion, version, null, null).getVisitor());
+                                                    } else {
+                                                        List<Xml.Tag> tags = tg.getChildren();
+                                                        tags.set(i, child.withChildValue("version", version));
+                                                        return tg.withContent(tags);
+                                                    }
                                                 }
                                             }
                                             return tg;
@@ -102,6 +112,10 @@ public Xml.Tag visitTag(Xml.Tag tag, ExecutionContext ctx) {
                                 return tg;
                             }
                         }.visitTag(plugin.getTree(), ctx);
+                        if (afterVisitor.get() != null) {
+                            doAfterVisit(afterVisitor.get());
+                        }
+                        return modifiedPlugin;
                     }
                     return plugin.getTree();
                 }).visitNonNull(plugins, 0);
diff --git a/rewrite-maven/src/test/java/org/openrewrite/maven/AddAnnotationProcessorTest.java b/rewrite-maven/src/test/java/org/openrewrite/maven/AddAnnotationProcessorTest.java
index b164cb28f98..851e394da5d 100644
--- a/rewrite-maven/src/test/java/org/openrewrite/maven/AddAnnotationProcessorTest.java
+++ b/rewrite-maven/src/test/java/org/openrewrite/maven/AddAnnotationProcessorTest.java
@@ -178,4 +178,111 @@ void shouldUpdateProcessorVersionAlreadyPresent() {
           )
         );
     }
+
+    @Test
+    void addAnnotationWithOlderVersionAsMavenProperty() {
+        rewriteRun(
+          spec -> spec.recipe(new AddAnnotationProcessor(
+            "org.projectlombok",
+            "lombok-mapstruct-binding",
+            "0.2.0"
+          )),
+          pomXml(
+            """
+              <project>
+                  <modelVersion>4.0.0</modelVersion>
+                  <groupId>com.mycompany.app</groupId>
+                  <artifactId>my-app</artifactId>
+                  <version>1</version>
+                  <properties>
+                      <version.lombok.mapstruct.binding>0.1.0</version.lombok.mapstruct.binding>
+                  </properties>
+                  <build>
+                      <plugins>
+                          <plugin>
+                              <artifactId>maven-compiler-plugin</artifactId>
+                              <configuration>
+                                  <annotationProcessorPaths>
+                                      <path>
+                                          <groupId>org.projectlombok</groupId>
+                                          <artifactId>lombok-mapstruct-binding</artifactId>
+                                          <version>${version.lombok.mapstruct.binding}</version>
+                                      </path>
+                                  </annotationProcessorPaths>
+                              </configuration>
+                          </plugin>
+                      </plugins>
+                  </build>
+              </project>
+              """,
+            """
+              <project>
+                  <modelVersion>4.0.0</modelVersion>
+                  <groupId>com.mycompany.app</groupId>
+                  <artifactId>my-app</artifactId>
+                  <version>1</version>
+                  <properties>
+                      <version.lombok.mapstruct.binding>0.2.0</version.lombok.mapstruct.binding>
+                  </properties>
+                  <build>
+                      <plugins>
+                          <plugin>
+                              <artifactId>maven-compiler-plugin</artifactId>
+                              <configuration>
+                                  <annotationProcessorPaths>
+                                      <path>
+                                          <groupId>org.projectlombok</groupId>
+                                          <artifactId>lombok-mapstruct-binding</artifactId>
+                                          <version>${version.lombok.mapstruct.binding}</version>
+                                      </path>
+                                  </annotationProcessorPaths>
+                              </configuration>
+                          </plugin>
+                      </plugins>
+                  </build>
+              </project>
+              """
+          )
+        );
+    }
+
+    @Test
+    void addAnnotationWithSameVersionAsMavenProperty() {
+        rewriteRun(
+          spec -> spec.recipe(new AddAnnotationProcessor(
+            "org.projectlombok",
+            "lombok-mapstruct-binding",
+            "0.2.0"
+          )),
+          pomXml(
+            """
+              <project>
+                  <modelVersion>4.0.0</modelVersion>
+                  <groupId>com.mycompany.app</groupId>
+                  <artifactId>my-app</artifactId>
+                  <version>1</version>
+                  <properties>
+                      <version.lombok.mapstruct.binding>0.2.0</version.lombok.mapstruct.binding>
+                  </properties>
+                  <build>
+                      <plugins>
+                          <plugin>
+                              <artifactId>maven-compiler-plugin</artifactId>
+                              <configuration>
+                                  <annotationProcessorPaths>
+                                      <path>
+                                          <groupId>org.projectlombok</groupId>
+                                          <artifactId>lombok-mapstruct-binding</artifactId>
+                                          <version>${version.lombok.mapstruct.binding}</version>
+                                      </path>
+                                  </annotationProcessorPaths>
+                              </configuration>
+                          </plugin>
+                      </plugins>
+                  </build>
+              </project>
+              """
+          )
+        );
+    }
 }