Bryantown, Maryland Property Taxes
The median property tax rate in Bryantown, MD is 1.43%, significantly higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Bryantown, the typical annual property tax bill reaches $5,034, exceeding the national median of $2,690. Property taxes in Bryantown 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 Bryantown'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 Bryantown 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
Bryantown, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$5,099
Ownwell’s Bryantown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bryantown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bryantown to provide an accurate property tax bill estimate. This intuitive tool offers valuable insight into potential tax liabilities, helping you make informed decisions. For those interested in more localized trends, additional neighborhood-specific information is available further down the page. Your property’s assessed value is determined by Charles County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Bryantown, Maryland
Property taxes in Bryantown, Maryland, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bryantown is 1.43%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Bryantown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bryantown 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 Bryantown's effective property tax rate to other counties in Maryland and the national median. For comparison, the 20617 zip code has the highest median property tax rate of 1.43%, while the 20617 zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Bryantown provides valuable insights into the varying tax landscape across Charles County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bryantown Tax Rate
1.43%
Average Charles County Tax Rate
1.34%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bryantown, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20617 | 1.39% | 1.41% | 1.43% | 1.47% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Bryantown, Maryland
In Bryantown, Maryland, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Charles 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 Bryantown, 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. By understanding the distinction between 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 in Bryantown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Bryantown is $5034 in zip code 20617, while the lowest median tax bill is also $5034 in the same zip code.
Average Bryantown Assessed Value
$356,600
Average Charles County Assessed Value
$334,400
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bryantown, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20617 | $198,300 | $279,000 | $356,600 | $443,550 | $529,900 |
Source: Ownwell
Property Tax Bills Across Bryantown, Maryland
In Bryantown, located in Charles County, MD, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county's property assessor and reflects the market value of the property. Homeowners in Bryantown face a median property tax bill of approximately $5,034, which is significantly higher than the national median property tax rate of 0.99%. Factors influencing the tax bill include the property's location, size, and any improvements made. For example, the tax bill at the 25th percentile is around $3,928, while those at the 75th percentile can expect to pay about $6,167. Homeowners at the 90th percentile might see tax bills as high as $8,207. These variations highlight how different factors affect individual tax liabilities. Higher property taxes can impact homeowners by increasing their annual expenses, influencing decisions on property investments, and affecting long-term financial planning.
Average Bryantown Tax Bill
$5,034
Average Charles County Tax Bill
$4,464
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Bryantown, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20617 | $2,595 | $3,928 | $5,034 | $6,167 | $8,207 |
Source: Ownwell