Orono, Penobscot County, Maine Property Taxes

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

Median Orono, ME effective property tax rate: 2.34%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Orono, ME home value: $188,100
Median annual Orono, ME tax bill: $4,405, $2,005 higher than the national median property tax bill of $2,400.

How are property taxes in Penobscot County calculated?

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

Last Updated March 1, 2025

Orono, Penobscot County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.34%

Estimate Property Tax Bill

$4,402

$4,085

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

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

Local government entities in Maine, like elsewhere, set tax rates that can vary significantly within the state. This is because each county, such as Penobscot, annually estimates the budget required to provide essential services. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and laws influence the setting of these rates and budgets, this is essentially the annual process.

Orono, located in Penobscot County, has an effective property tax rate that can be compared to other cities in Maine, as well as the median property tax rates in the state and the U.S. Notably, Orono's rate stands out when compared to the national median property tax rate of 1.02%. This comparison underlines the variation in tax rates across different regions, highlighting the importance of understanding local tax obligations. By examining these differences, property owners can gain insight into how tax rates are determined and the impact they have on overall property expenses.

Property Tax Rates Across Orono, 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 Orono Tax Rate

2.34%

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 Orono, Penobscot County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04473	2.34%	2.34%	2.34%	2.34%	2.34%

Source: Ownwell

Property Tax Assessment Values Across Orono, Penobscot County, Maine

When examining property taxes in Orono, Maine, 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.

Assessment notices: 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 Orono.

For example, the median home price in Orono is $188,100, with tax bills ranging significantly across the county. Zip code 04473 has the highest median home price at $188,100.

Property Tax Assessment Values Across Orono, Penobscot County, Maine

Source: Ownwell

$49,573

$134,232

$218,890

Median Orono Market Value

$188,100

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 Orono, Penobscot County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04473	$87,590	$145,750	$188,100	$248,325	$319,890

Source: Ownwell

Property Tax Bills Across Orono, Penobscot County, Maine

In Orono, located in Penobscot County, ME, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The median home price in this area is $188,100, and the property tax rate is applied to this assessed value to determine the tax bill. Various factors, such as property size, location, and improvements, influence the assessed value, impacting the homeowner's tax obligations. In Orono, property tax bills can vary significantly, with the 25th percentile at $3,420 and the 75th percentile at $5,813, indicating a wide range of possible tax burdens. The 90th percentile reaches $7,498, which is notably higher than the national median property tax bill of $2,400. This substantial variation highlights the importance of accurate property assessments. Homeowners can potentially reduce their tax bills by appealing inaccurate assessments or seeking exemptions. Ownwell offers expert assistance in navigating these appeals and exemptions, helping homeowners save significantly on their property tax bills by ensuring fair and accurate assessments.

Property Tax Bills Across Orono, Penobscot County, Maine

Source: Ownwell

$575

$2,490

$4,405

Median Orono Tax Bill

$4,405

Median Penobscot County Tax Bill

$2,548

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Orono, Penobscot County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04473	$2,131	$3,420	$4,405	$5,813	$7,498

Source: Ownwell