Clearwater Beach, Maryland Property Taxes
The median property tax rate in Clearwater Beach, MD is 0.94%, slightly below the state median of 1.06% but still competitive when compared to the national median of 0.99%. With the median home value in Clearwater Beach at $267,450, the typical annual property tax bill reaches $2,408, which is less than the national median of $2,690. Property taxes in Clearwater Beach are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clearwater Beach's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Clearwater Beach or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clearwater Beach, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$2,514
Ownwell’s Clearwater Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clearwater Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clearwater Beach to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Clearwater Beach, Maryland
Property taxes in Clearwater Beach, Maryland, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clearwater Beach is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Clearwater Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clearwater Beach estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Clearwater Beach's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21226 zip code has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these cities compare with Clearwater Beach provides valuable insights into the varying tax landscape across Anne Arundel County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clearwater Beach Tax Rate
0.94%
Average Anne Arundel County Tax Rate
0.97%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clearwater Beach, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21226 | 0.67% | 0.74% | 0.94% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Clearwater Beach, Maryland
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Clearwater Beach, Maryland. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Anne Arundel County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Clearwater Beach, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in the area is $267,450, with tax bills ranging from $2,042 at the 25th percentile to $4,259 at the 90th percentile. The highest and lowest median tax bills are both $2,408, found in the 21226 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Clearwater Beach, Maryland
Source: Ownwell
$224,750
$1,053,975
$1,883,200
Average Clearwater Beach Assessed Value
$267,450
Average Anne Arundel County Assessed Value
$376,600
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clearwater Beach, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21226 | $215,700 | $238,350 | $267,450 | $324,925 | $408,400 |
Source: Ownwell
Property Tax Bills Across Clearwater Beach, Maryland
In Clearwater Beach, Anne Arundel County, MD, property tax bills are calculated based on the assessed value of a home. The county assesses the property’s value, which forms the basis for the tax calculation. Various factors, such as the property's location, size, and market conditions, influence this assessed value. Homeowners in Clearwater Beach can expect property tax bills that vary significantly. For instance, the 25th percentile tax bill is around $2,042, while the 75th percentile reaches up to $3,104, and the 90th percentile hits $4,259. Comparatively, the national median property tax rate stands at 0.99%, making it crucial for homeowners to understand how their local rates and property values impact their annual tax obligations. The highest median tax bill in the county is $2,408 in the 21226 zip code. These tax bills directly affect homeowners' annual budgets and can influence decisions related to property investments and homeownership affordability.
Average Clearwater Beach Tax Bill
$2,408
Average Anne Arundel County Tax Bill
$3,553
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Clearwater Beach, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21226 | $1,710 | $2,042 | $2,408 | $3,104 | $4,259 |
Source: Ownwell