Orrington, Maine Property Taxes
The median property tax rate in Orrington, ME is 1.28%, which is higher than the national median of 0.99% but lower than the Maine state median of 1.57%. With the median home value in Orrington at $210,900, the typical annual property tax bill reaches $2,689, just below the national median of $2,690. Property taxes in Orrington are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Orrington's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Orrington or another part of Penobscot County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Orrington, Maine Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$3,140
Ownwell’s Orrington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orrington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orrington to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Orrington, Maine
Property taxes in Orrington, Maine, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orrington is 1.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within Orrington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orrington estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Orrington's effective property tax rate to other areas in Maine and the national median. For comparison, the 04474 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Orrington provides valuable insights into the varying tax landscape across Penobscot County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Orrington Tax Rate
1.28%
Average Penobscot County Tax Rate
1.92%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orrington, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04474 | 1.27% | 1.27% | 1.27% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Orrington, Maine
In Orrington, Maine, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Penobscot County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Orrington, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Orrington is $210,900, with tax bills ranging from $2,106 at the 25th percentile to $4,224 at the 90th percentile. The highest and lowest median tax bills, both at $2,689, are found in the 04474 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Orrington Assessed Value
$210,900
Average Penobscot County Assessed Value
$141,580
Average Maine Assessed Value
$204,200
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Orrington, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04474 | $126,380 | $165,100 | $210,900 | $266,200 | $331,320 |
Source: Ownwell
Property Tax Bills Across Orrington, Maine
In Orrington, located in Penobscot County, ME, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Key factors influencing the tax bill include the home's assessed value, the local tax rate, and any applicable exemptions or abatements. For instance, the median home price in Orrington is $210,900. Property tax bills vary significantly, with the 25th percentile at $2,106 and the 75th percentile at $3,394. The highest median tax bill in the area is $2,689, which is notably higher than the national median property tax rate of 0.99%. Homeowners in Orrington can expect their property tax bills to reflect these assessments, impacting their annual financial planning. Understanding these factors helps homeowners anticipate their property tax obligations and manage their budgets accordingly.
Average Orrington Tax Bill
$2,689
Average Penobscot County Tax Bill
$2,548
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Orrington, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04474 | $1,615 | $2,106 | $2,689 | $3,394 | $4,224 |
Source: Ownwell