Greenbush, Penobscot County, Maine Property Taxes

Name: Property Tax Bills Across Greenbush, Penobscot County, Maine
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Greenbush, ME effective property tax rate: 2.08%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Greenbush, ME home value: $79,300
Median annual Greenbush, ME tax bill: $1,649, $751 lower than the national median property tax bill of $2,400.

How are property taxes in Penobscot calculated?

Property taxes in Greenbush, ME are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Greenbush’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Greenbush, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Greenbush, Penobscot County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.08%

Estimate Property Tax Bill

$1,649

$1,531

Ownwell’s Greenbush Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Greenbush with just two data points.

By entering your property's estimated assessed value, our calculator applies Greenbush’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Penobscot.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Greenbush, Penobscot County, Maine

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Greenbush, located in Penobscot County, the effective property tax rate is 2.08%. This rate is above the national median property tax rate of 1.02%, reflecting the higher property tax burden in this area. Compared to the national median property tax bill of $2,400, residents in Greenbush may find themselves paying more due to the higher tax rate. However, this rate is consistent across the zip code, indicating a uniform approach to property tax assessment within the region. Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively. By comparing Greenbush's tax rate to other cities in Maine and the national average, property owners can make informed decisions about potential tax appeals and exemptions.

Property Tax Rates Across Greenbush, Penobscot County, Maine

Source: Ownwell

0.83%

2.07%

3.32%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Greenbush Taxx Rate

2.08%

Median Effective Penobscot County Taxx Rate

1.92%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Greenbush, Penobscot County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04418	2.08%	2.08%	2.08%	2.08%	2.08%

Source: Ownwell

Property Tax Assessment Values Across Greenbush, Penobscot County, Maine

When examining property taxes in Greenbush, ME, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Penobscot County assessment office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Penobscot County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Greenbush. For example, the median home price in Greenbush is $79,300, with tax bills ranging significantly across the county. Zip code 04418 has the highest median home price at $79,300.

Property Tax Assessment Values Across Greenbush, Penobscot County, Maine

Source: Ownwell

$49,573

$134,232

$218,890

Median Greenbush Market Value

$79,300

Median Penobscot County Market Value

$141,580

Median Maine Market Value

$204,200

Median United States Market Value

$244,900

Property Tax Assessment Values Across Greenbush, Penobscot County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04418	$26,880	$49,300	$79,300	$109,400	$138,700

Source: Ownwell

Property Tax Bills Across Greenbush, Penobscot County, Maine

In Greenbush, located in Penobscot County, ME, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in this region face a median property tax bill of $1,649, which is below the national median of $2,400. The tax bill can vary significantly, with the 25th percentile at $1,025 and the 90th percentile reaching up to $2,885. These variations depend on factors such as property size, location, and market trends. The tax rate applied to the assessed value dictates the final bill, impacting homeowners' financial planning and budget. For those in Greenbush, understanding these factors is crucial to managing their property expenses effectively. Ownwell offers a valuable service by helping homeowners navigate the complexities of property tax calculations. By leveraging expertise in property tax appeals and exemptions, Ownwell can potentially lower tax bills, providing significant savings. This assistance allows homeowners to better manage their finances and ensure they are not overpaying on their property taxes.

Property Tax Bills Across Greenbush, Penobscot County, Maine

Source: Ownwell

$575

$2,490

$4,405

Median Greenbush Tax Bill

$1,649

Median Penobscot County Tax Bill

$2,548

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,690

Property Tax Bills Across Greenbush, Penobscot County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04418	$559	$1,025	$1,649	$2,276	$2,885

Source: Ownwell