Havre De Grace, Maryland Property Taxes
The median property tax rate in Havre de Grace, MD is 0.90%, which is lower than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Havre de Grace at $266,900, the typical annual property tax bill is $2,494, slightly below the national median of $2,690. Property taxes in Havre de Grace 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 Havre de Grace'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 Havre de Grace 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
Havre De Grace, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$2,402
Ownwell’s Havre de Grace Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Havre de Grace with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Havre de Grace 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 Havre De Grace, Maryland
Property taxes in Havre de Grace, Maryland, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Havre de Grace is 0.90%, which is slightly below the U.S. national median of 0.99%. Local government entities within Havre de Grace set these rates annually, and they can vary significantly across different neighborhoods. Each year, Havre de Grace 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 Havre de Grace's effective property tax rate to other counties in Maryland and the national median. For comparison, the zip code 21078 has both the highest and lowest median property tax rate of 0.90%. Understanding how these cities compare with Havre de Grace 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 Havre De Grace Tax Rate
0.90%
Average Harford County Tax Rate
0.99%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Havre De Grace, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21078 | 0.83% | 0.88% | 0.90% | 0.93% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Havre De Grace, Maryland
In Havre de Grace, 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 Havre de Grace, 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 Havre de Grace helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area stands at $266,900, with the highest and lowest median tax bills both recorded at $2,494 in the 21078 zip code.
Property Tax Assessment Values Across Havre De Grace, Maryland
Source: Ownwell
$164,500
$289,000
$413,500
Average Havre De Grace Assessed Value
$266,900
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 Havre De Grace, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21078 | $128,400 | $184,000 | $266,900 | $349,200 | $450,200 |
Source: Ownwell
Property Tax Bills Across Havre De Grace, Maryland
In Havre de Grace, Harford County, MD, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value typically reflects a percentage of the market value of the property. Homeowners in this area face a range of property tax bills, with the 25th percentile at $1,703 and the 75th percentile at $3,235. The highest median tax bill in the city is $2,494, a figure that matches both the highest and lowest median tax bills within the same zip code, 21078. Compared to the national median property tax rate of 0.99%, Havre de Grace homeowners may find their tax bills to be relatively moderate. Factors such as property improvements, neighborhood changes, and local tax rates can influence the final tax bill. For homeowners, these taxes fund essential community services like schools, public safety, and infrastructure, directly impacting the quality of life in the area. Understanding these factors can help homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Havre De Grace Tax Bill
$2,494
Average Harford County Tax Bill
$2,716
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Havre De Grace, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21078 | $1,307 | $1,703 | $2,494 | $3,235 | $4,161 |
Source: Ownwell