Burkittsville, Maryland Property Taxes
The median property tax rate in Burkittsville, MD is 1.41%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Burkittsville, the typical annual property tax bill reaches $3,184, exceeding the national median of $2,690. Property taxes in Burkittsville 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 Burkittsville'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 Burkittsville 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
Burkittsville, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$3,450
Ownwell’s Burkittsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burkittsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burkittsville 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 Burkittsville, Maryland
Property taxes in Burkittsville, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burkittsville is 1.41%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Burkittsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burkittsville 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 Burkittsville's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21718 zip code has the highest median property tax rate of 1.41%, while the same zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Burkittsville provides valuable insights into the varying tax landscape across Frederick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burkittsville Tax Rate
1.41%
Average Frederick County Tax Rate
1.20%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burkittsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21718 | 1.15% | 1.26% | 1.41% | 1.43% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Burkittsville, Maryland
In Burkittsville, 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 Frederick County Assessment Office 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 Burkittsville, 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 Burkittsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,184 in zip code 21718, while the lowest median tax bill is also $3,184 in the same zip code.
Property Tax Assessment Values Across Burkittsville, Maryland
Source: Ownwell
$211,100
$375,950
$540,800
Average Burkittsville Assessed Value
$244,700
Average Frederick County Assessed Value
$362,500
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burkittsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21718 | $155,840 | $185,400 | $244,700 | $329,600 | $417,080 |
Source: Ownwell
Property Tax Bills Across Burkittsville, Maryland
In Burkittsville, located in Frederick County, MD, property tax bills are calculated based on the assessed value of a property and the local tax rate. The median home price in Burkittsville is $244,700. Homeowners in this area can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $2,467 and the 75th percentile reaching $4,230. The 90th percentile tax bill can go as high as $5,658. Several factors influence the final tax bill, including the assessed value of the property, which is determined by the local tax assessor, and the local property tax rate. For comparison, the national median property tax rate is 0.99%. In Burkittsville, homeowners with properties in the highest median tax bill zip code, 21718, face an average tax bill of $3,184, which is above the national median. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Burkittsville Tax Bill
$3,184
Average Frederick County Tax Bill
$4,509
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Burkittsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21718 | $2,101 | $2,467 | $3,184 | $4,230 | $5,658 |
Source: Ownwell