Corinna, Penobscot County, Maine Property Taxes

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

Median Corinna, ME effective property tax rate: 2.01%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Corinna, ME home value: $80,450
Median annual Corinna, ME tax bill: $1,617, $783 lower than the national median property tax bill of $2,400.

How are property taxes in Penobscot calculated?

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

Last Updated March 1, 2025

Corinna, Penobscot County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.01%

Estimate Property Tax Bill

$1,617

$1,501

Ownwell’s Corinna Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Corinna with just two data points. By entering your property's estimated assessed value, our calculator applies Corinna’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 County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Corinna, Penobscot County, Maine

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties estimate their required budget to deliver services and divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the essence of the annual process. In Corinna, located in Penobscot County, Maine, the effective property tax rate is a reflection of this process. With a median tax rate of 2.01%, Corinna stands out compared to other cities in Maine and the U.S. At 2.01%, the rate is nearly double the national median property tax rate of 1.02%. This higher rate highlights the importance of understanding local tax dynamics and exploring potential property tax appeal and exemption opportunities to manage tax liabilities effectively.

Property Tax Rates Across Corinna, 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 Corinna Tax Rate

2.01%

Median Effective Penobscot County Tax Rate

1.92%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Corinna, Penobscot County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04928	2.01%	2.01%	2.01%	2.01%	2.01%

Source: Ownwell

Property Tax Assessment Values Across Corinna, Penobscot County, Maine

When examining property taxes in Corinna, 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 appraisal district 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 May. 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 Corinna. For example, the median home price in Corinna is $80,450, with tax bills ranging significantly across the county. 04928 has the highest median home price at $80,450.

Property Tax Assessment Values Across Corinna, Penobscot County, Maine

Source: Ownwell

$49,573

$134,232

$218,890

Median Corinna Market Value

$80,450

Median Penobscot County Market Value

$141,580

Median Maine Market Value

$204,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Corinna, Penobscot County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04928	$29,670	$53,700	$80,450	$109,375	$143,190

Source: Ownwell

Property Tax Bills Across Corinna, Penobscot County, Maine

In Corinna, located in Penobscot County, Maine, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Corinna is $80,450, and property tax rates are applied to this assessed value to calculate the tax bill. The tax bill for homeowners in Corinna can range significantly, with the 25th percentile at $1,078 and the 75th percentile reaching $2,196. This variability highlights the impact of property assessments and tax rates on homeowners' finances. The median property tax bill in Corinna is $1,617, offering a more affordable option compared to the national median property tax bill of $2,400.

Ownwell provides property tax appeal and exemption services to help homeowners in Corinna potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in appealing their tax assessments, ultimately leading to potential savings. With expert guidance, homeowners can navigate the complexities of property tax laws and secure a fair tax bill.

Property Tax Bills Across Corinna, Penobscot County, Maine

Source: Ownwell

$575

$2,490

$4,405

Median Corinna Tax Bill

$1,617

Median Penobscot County Tax Bill

$2,548

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Corinna, Penobscot County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04928	$596	$1,078	$1,617	$2,196	$2,878

Source: Ownwell