Tuscarora, Maryland Property Taxes
The median property tax rate in Tuscarora, MD is 1.14%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Tuscarora at $376,950, the typical annual property tax bill reaches $4,300, exceeding the national median of $2,690. Property taxes in Tuscarora 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 Tuscarora'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 Tuscarora 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
Tuscarora, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$4,297
Ownwell’s Tuscarora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tuscarora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tuscarora 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 Tuscarora, Maryland
Property taxes in Tuscarora, Maryland, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tuscarora is 1.14%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Tuscarora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tuscarora 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 Tuscarora's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21790 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these areas compare with Tuscarora 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 Tuscarora Tax Rate
1.14%
Average Frederick County Tax Rate
1.20%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tuscarora, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21790 | 0.95% | 1.10% | 1.14% | 1.17% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Tuscarora, Maryland
In Tuscarora, 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 Tuscarora, 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 Tuscarora 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 $4,300, found in zip code 21790, while the lowest median tax bill is also $4,300 in the same zip code.
Average Tuscarora Assessed Value
$376,950
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 Tuscarora, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21790 | $173,940 | $266,475 | $376,950 | $692,800 | $883,190 |
Source: Ownwell
Property Tax Bills Across Tuscarora, Maryland
Property tax bills in Tuscarora, Frederick County, MD, are determined by assessing the property's value and applying the local tax rate. The median home price in Tuscarora is $376,950, and the property tax rate in the area is higher than the national median of 0.99%. This results in varying tax bills, with the 25th percentile at $2,967 and the 75th percentile at $7,471. For those in the 90th percentile, tax bills can reach up to $9,472. The highest and lowest median tax bills in the region are both $4,300, located in zip code 21790. Several factors influence these tax bills, including the assessed value of the property, any applicable exemptions, and local government budget requirements. Homeowners in Tuscarora may find that higher property taxes impact their overall cost of living and financial planning. Understanding these components can help residents anticipate their annual tax obligations and potentially seek appeals or exemptions to manage their expenses better.
Average Tuscarora Tax Bill
$4,300
Average Frederick County Tax Bill
$4,509
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Tuscarora, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21790 | $1,902 | $2,967 | $4,300 | $7,471 | $9,472 |
Source: Ownwell