Emmitsburg, Maryland Property Taxes
The median property tax rate in Emmitsburg, MD is 1.50%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Emmitsburg at $211,100, the typical annual property tax bill reaches $2,845, exceeding the national median of $2,690. Property taxes in Emmitsburg 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 Emmitsburg'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 Emmitsburg 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
Emmitsburg, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$3,167
Ownwell’s Emmitsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Emmitsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Emmitsburg 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 Emmitsburg, Maryland
Property taxes in Emmitsburg, Maryland, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Emmitsburg is 1.50%, significantly higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Emmitsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Emmitsburg 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 Emmitsburg's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21727 zip code has the highest median property tax rate of 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these cities compare with Emmitsburg 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 Emmitsburg Tax Rate
1.50%
Average Frederick County Tax Rate
1.20%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Emmitsburg, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21727 | 1.19% | 1.23% | 1.50% | 1.56% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Emmitsburg, Maryland
In Emmitsburg, 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 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 Emmitsburg, 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. Emmitsburg's median home price is $211,100, with tax bills ranging from $2,221 at the 25th percentile to $5,369 at the 90th percentile. The highest and lowest median tax bills both stand at $2,845 in zip code 21727. 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 Emmitsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Emmitsburg Assessed Value
$211,100
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 Emmitsburg, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21727 | $124,200 | $157,400 | $211,100 | $296,800 | $367,440 |
Source: Ownwell
Property Tax Bills Across Emmitsburg, Maryland
Property tax bills in Emmitsburg, Frederick County, MD, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. Homeowners in Emmitsburg, where the median home price is $211,100, can expect their property tax bill to vary significantly. For instance, tax bills in the 25th percentile are around $2,221, while those in the 75th percentile reach approximately $3,921. At the 90th percentile, the tax bill can be as high as $5,369. Several factors influence these bills, including property location, size, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Emmitsburg's rates can result in higher or lower tax responsibilities for homeowners. Understanding these factors is crucial for homeowners as it directly impacts their annual budgeting and overall financial planning. The highest and lowest median tax bills in the area are both $2,845, reflecting a consistent tax rate within the 21727 zip code.
Average Emmitsburg Tax Bill
$2,845
Average Frederick County Tax Bill
$4,509
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Emmitsburg, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21727 | $1,650 | $2,221 | $2,845 | $3,921 | $5,369 |
Source: Ownwell