We unravel the correlation effects of the second-order quantum phase transitions emerging on the ground state of a harmonically trapped spin-1 Bose gas, upon varying the involved Zeeman terms, as well as its breathing dynamics triggered by quenching the trapping frequency. It is found that the boundaries of the associated magnetic phases are altered in the presence of interparticle correlations for both ferromagnetic and anti-ferromagnetic spin-spin interactions, an effect which becomes more prominent in the few-body scenario. Most importantly, we unveil a correlation-induced shrinking of the anti-ferromagnetic and broken-axisymmetry phases implying that ground states with bosons polarized in a single spin-component are favored. Turning to the dynamical response of the spinor gas it is shown that its breathing frequency is independent of the system parameters while correlations lead to the formation of filamentary patterns in the one-body density of the participating components. The number of filaments is larger for increasing spin-independent interaction strengths or for smaller particle numbers. Each filament maintains its coherence and exhibits an anti-correlated behavior while distinct filaments show significant losses of coherence and are two-body correlated. Interestingly, we demonstrate that for an initial broken-axisymmetry phase an enhanced spin-flip dynamics takes place which can be tuned either via the linear Zeeman term or the quench amplitude.