Joppa, Maryland Property Taxes
The median property tax rate in Joppa, MD is 1.02%, slightly higher than the national median of 0.99% but lower than Maryland's state median of 1.06%. With a median home value of $240,800 in Joppa, the typical annual property tax bill amounts to $2,438, which is below the national median of $2,690. Property taxes in Joppa are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Joppa'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 Joppa 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
Joppa, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$2,456
Ownwell’s Joppa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Joppa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Joppa 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 Joppa, Maryland
Property taxes in Joppa, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Joppa is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Joppa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Joppa 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 Joppa's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21085 zip code has the highest median property tax rate of 1.02%, while the 21085 zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Joppa 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 Joppa Tax Rate
1.02%
Average Harford County Tax Rate
0.99%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Joppa, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21085 | 0.89% | 1.00% | 1.02% | 1.07% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Joppa, Maryland
In Joppa, 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 authorities 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 Joppa, 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 Joppa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 21085, both at $2438.
Average Joppa Assessed Value
$240,800
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 Joppa, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21085 | $165,600 | $199,725 | $240,800 | $305,375 | $391,700 |
Source: Ownwell
Property Tax Bills Across Joppa, Maryland
In Joppa, located in Harford County, MD, property tax bills are calculated based on the assessed value of a home rather than its market value. This assessed value is determined by the county's property tax assessor and is used as the basis for calculating the tax bill. The median home price in Joppa is $240,800, and the property tax rate in this area contributes to a median annual tax bill of $2,438, which is higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location, the assessed value, and any applicable exemptions or deductions. For instance, the 25th percentile tax bill is around $2,035, while the 75th percentile reaches $3,122, and the 90th percentile can go up to $3,952. These variations illustrate how different factors can significantly impact what homeowners owe annually. Understanding these elements helps homeowners better anticipate their financial obligations and plan accordingly.
Average Joppa Tax Bill
$2,438
Average Harford County Tax Bill
$2,716
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Joppa, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21085 | $1,668 | $2,035 | $2,438 | $3,122 | $3,952 |
Source: Ownwell