Old Town, Penobscot County, Maine Property Taxes

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

Median Old Town, ME effective property tax rate: 2.10%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Old Town, ME home value: $126,000
Median annual Old Town, ME tax bill: $2,629, $229 higher than the national median property tax bill of $2,400.

How are property taxes in Penobscot calculated?

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

Last Updated March 1, 2025

Old Town, Penobscot County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.1%

Estimate Property Tax Bill

$2,646

$2,455

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

By entering your property's estimated assessed value, our calculator applies Old Town’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 Old Town, Penobscot County, Maine

Property tax rates are determined by local government entities and can vary significantly even within the same state. This variation occurs because each county, such as 23019 in ME, calculates its necessary budget annually to fund local services. This budget is then divided by the total assessed value of all taxable properties in the area, resulting in the specific property tax rate for that year. While legislative measures and public votes can influence these rates, this is the essential process followed each year. In OLD TOWN, the effective property tax rate stands out when compared to other cities within ME. The median property tax rate in ME is notably higher than the national median of 1.02%, reflecting the state's unique budgetary needs and property values. Comparing these rates helps property owners understand how their tax obligations measure up to those in other regions. While OLD TOWN's rate aligns with the state median, it remains significantly above the national average, highlighting the importance of property tax appeal and exemption services in managing tax liabilities effectively.

Property Tax Rates Across Old Town, 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 Old Town Tax Rate

2.10%

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 Old Town, Penobscot County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04468	2.10%	2.10%	2.10%	2.10%	2.10%

Source: Ownwell

Property Tax Assessment Values Across Old Town, Penobscot County, Maine

When examining property taxes in Old Town, 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 Old Town. For example, the median home price in Old Town is $126,000, with tax bills ranging significantly across the county. Zip code 04468 has the highest median home price at $126,000.

Property Tax Assessment Values Across Old Town, Penobscot County, Maine

Source: Ownwell

$49,573

$134,232

$218,890

Median Old Town Market Value

$126,000

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 Old Town, Penobscot County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04468	$17,800	$96,900	$126,000	$164,800	$219,600

Source: Ownwell

Property Tax Bills Across Old Town, Penobscot County, Maine

In Old Town, located in Penobscot County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Old Town is $126,000, and property tax rates are applied to this assessed value to calculate the tax bill. The 25th percentile tax bill is $2,011, while the 75th percentile reaches $3,425, and the 90th percentile is $4,530. These figures indicate a range of tax burdens, reflecting differences in property values and assessment practices. Compared to the national median property tax bill of $2,400, Old Town's tax bills can vary significantly. Homeowners in Old Town can benefit from appealing their property tax assessments to ensure they are fair and accurate. Our services assist homeowners in navigating this process, potentially leading to substantial savings on their property tax bills. By leveraging our expertise, homeowners can ensure their assessments are in line with market conditions, reducing their financial burden.

Property Tax Bills Across Old Town, Penobscot County, Maine

Source: Ownwell

$575

$2,490

$4,405

Median Old Town Tax Bill

$2,629

Median Penobscot County Tax Bill

$2,548

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Old Town, Penobscot County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04468	$370	$2,011	$2,629	$3,425	$4,530

Source: Ownwell