Winn, Penobscot County, Maine Property Taxes
The median property tax rate in WINN, ME is 1.85%, considerably higher than both the national median of 0.99% and the Maine state median of 1.57%. With the median home value in WINN at $93,490, the typical annual property tax bill reaches $1,730, which is below the national median of $2,690. Property taxes in WINN are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding WINN'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 WINN or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winn, Penobscot County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.85%
Estimate Property Tax Bill
$1,730
$1,605
Ownwell’s WINN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WINN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WINN 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 Winn, Penobscot County, Maine
Property taxes in WINN, Maine, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in WINN is 1.85%, significantly higher than the U.S. national median of 0.99%. Local government entities within WINN set these rates annually, and they can vary significantly across different neighborhoods. Each year, WINN 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 WINN's effective property tax rate to other counties in Maine and the national median. For comparison, the 04495 zip code has the highest median property tax rate of 1.85%, while the same zip code also has the lowest median tax rate of 1.85%. Understanding how these cities compare with WINN provides valuable insights into the varying tax landscape across Penobscot, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winn Tax Rate
1.85%
Average Penobscot County Tax Rate
1.92%
Average Maine Tax Rate
1.57%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winn, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04495 | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Winn, Penobscot County, Maine
In Winn, 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 Winn, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Winn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Winn is $1,730 in the 04495 zip code, which also has the lowest median tax bill of $1,730.
Property Tax Assessment Values Across Winn, Penobscot County, Maine
Source: Ownwell
$49,573
$134,232
$218,890
Average Winn Assessed Value
$93,490
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 Winn, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04495 | $42,869 | $59,420 | $93,490 | $120,980 | $153,997 |
Source: Ownwell
Property Tax Bills Across Winn, Penobscot County, Maine
In Winn, located in Penobscot County, ME, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Winn is $93,490. The assessed value is determined by the local tax assessor and reflects the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence the final tax bill, including the property's location, size, and condition. For homeowners in Winn, property tax bills can vary significantly. At the 25th percentile, the tax bill is approximately $1,100, while at the 75th percentile, it reaches around $2,238. For those at the 90th percentile, the tax bill can be as high as $2,849. These property taxes are crucial for funding public services such as schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, Winn’s property tax rate can result in a substantial financial obligation for homeowners, impacting their overall cost of living.
Average Winn Tax Bill
$1,730
Average Penobscot County Tax Bill
$2,548
Average Maine Tax Bill
$3,200
Average United States Tax Bill
$2,690
Property Tax Bills Across Winn, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04495 | $793 | $1,100 | $1,730 | $2,238 | $2,849 |
Source: Ownwell