Woodville, Penobscot County, Maine Property Taxes
Median Woodville, ME effective property tax rate: 2.20%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Woodville, ME home value: $446,300
Median annual Woodville, ME tax bill: $9,819, $7,419 higher than the national median property tax bill of $2,400.
How are property taxes in Penobscot calculated?
Property taxes in Woodville, 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 Woodville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Woodville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Woodville, Penobscot County, Maine Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.06%
Estimate Property Tax Bill
$12,228
$11,347
Property Tax Rates Across Woodville, Penobscot County, Maine
Local government entities determine tax rates, which can significantly differ across a state. This variation occurs because each county annually estimates its budgetary needs for services and then divides this figure by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. Although votes and legislative measures play a role in setting these rates and budgets, this is the essence of the annual process.
In Woodville, located in Penobscot County, Maine, the effective property tax rate is notably higher compared to the national median. With Maine's median property tax rate surpassing the national average of 1.02%, property owners in Woodville face a higher tax burden. This can impact the overall affordability of owning property in the area. When comparing Woodville’s tax rate to other cities within Maine, it’s evident that the local rates are part of a broader state trend of elevated property taxes. Understanding these rates is crucial for property owners looking to manage their expenses effectively.
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 Woodville Tax Rate
2.06%
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 Penobscot County Tax Rate
1.85%
Median Effective Maine Tax Rate
1.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Woodville, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04457 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Woodville, Penobscot County, Maine
When examining property taxes in Woodville, 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 Woodville. For example, the median home price in Woodville is $446,300, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Woodville, Penobscot County, Maine
Source: Ownwell
$64,300
$166,250
$268,200
Median Woodville Market Value
$593,600
Median Penobscot County Market Value
$172,200
Median Maine Market Value
$242,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Woodville, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04457 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Woodville, Penobscot County, Maine
In Woodville, located in Penobscot County, ME, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is an estimation of your property's market value and can vary based on factors like property size, location, and condition. While the national median property tax rate is 1.02%, homeowners in Woodville face a significantly higher tax burden, with tax bills reaching $9,819 at the 25th, 75th, and 90th percentiles. This stark difference can be attributed to the local tax rate and assessed property values, which can place a considerable financial strain on homeowners.
Ownwell offers valuable services for homeowners looking to reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell can help identify discrepancies in your property's assessed value, potentially leading to a lower tax bill. With a team of experienced consultants, Ownwell ensures that homeowners in Woodville can navigate the complexities of property taxes and secure savings where possible.
Median Woodville Tax Bill
$12,228
Median Penobscot County Tax Bill
$2,910
Median Maine Tax Bill
$3,569
Median United States Tax Bill
$2,400
Property Tax Bills Across Woodville, Penobscot County, Maine
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 04457 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell