Baldwin, Maryland Property Taxes
The median property tax rate in Baldwin, MD is 1.05%, slightly higher than both the national median of 0.99% and close to Maryland's state median of 1.06%. With the median home value in Baldwin at $406,300, the typical annual property tax bill reaches $4,213, significantly exceeding the national median of $2,690. Property taxes in Baldwin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Baldwin'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 Baldwin 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
Baldwin, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$4,266
Ownwell’s Baldwin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baldwin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baldwin 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 Baldwin, Maryland
Property taxes in Baldwin, Maryland, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baldwin is 1.05%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Baldwin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baldwin 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 Baldwin's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21013 zip code has the highest median property tax rate of 1.05%, while the 21013 zip code has the lowest median tax rate of 1.05%. Understanding how these cities compare with Baldwin provides valuable insights into the varying tax landscape across Harford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baldwin Tax Rate
1.05%
Average Harford County Tax Rate
0.99%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baldwin, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21013 | 0.88% | 1.03% | 1.05% | 1.06% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Baldwin, Maryland
In Baldwin, 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 Harford 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 Baldwin, 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 Baldwin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Baldwin are both $4213, found in zip code 21013.
Average Baldwin Assessed Value
$406,300
Average Harford County Assessed Value
$279,650
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baldwin, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21013 | $276,500 | $346,050 | $406,300 | $478,000 | $564,480 |
Source: Ownwell
Property Tax Bills Across Baldwin, Maryland
In Baldwin, Harford County, MD, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Baldwin is $406,300, and the tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the overall tax bill. For homeowners in Baldwin, the tax bill can vary significantly. For example, the 25th percentile tax bill is $3,408, while the 75th percentile reaches $4,944. At the 90th percentile, homeowners might see tax bills as high as $5,812. The highest median tax bill recorded in the area is $4,213, which is notably higher than the national median property tax rate of 0.99%. These tax bills can have a substantial effect on homeowners, influencing monthly mortgage payments and overall housing affordability. Understanding how property taxes are calculated and the factors that affect them can help homeowners better manage their financial planning and obligations.
Average Baldwin Tax Bill
$4,213
Average Harford County Tax Bill
$2,716
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Baldwin, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21013 | $2,715 | $3,408 | $4,213 | $4,944 | $5,812 |
Source: Ownwell