Keedysville, Maryland Property Taxes
The median property tax rate in Keedysville, MD is 1.04%, slightly higher than the national median of 0.99% but lower than Maryland's state median of 1.06%. With the median home value in Keedysville at $268,750, the typical annual property tax bill is $2,658, just below the national median of $2,690. Property taxes in Keedysville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Keedysville'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 Keedysville 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
Keedysville, Maryland Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$2,120
Ownwell’s Keedysville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Keedysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keedysville to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, ensuring you are well-prepared for any financial obligations. For those interested in more granular details, you can scroll down to explore neighborhood-level trends. Your property’s assessed value, determined by Washington County, plays a crucial role in calculating property taxes, taking into account any applicable exemptions.
Property Tax Rates Across Keedysville, Maryland
Property taxes in Keedysville, Maryland, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keedysville is 1.04%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Keedysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keedysville 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 Keedysville's effective property tax rate to other areas in Maryland and the national median. For comparison, the 21756 zip code has both the highest and lowest median property tax rate of 1.04%. Understanding how these areas compare with Keedysville provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keedysville Tax Rate
1.04%
Average Washington County Tax Rate
0.92%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keedysville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21756 | 0.92% | 0.92% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Keedysville, Maryland
In Keedysville, 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 Washington 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 Keedysville, 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 Keedysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Keedysville is $2,658 in zip code 21756, while the lowest median tax bill is also $2,658 in the same zip code. The median home price in the area is $268,750, with tax bills ranging from $1,951 at the 25th percentile to $4,352 at the 90th percentile.
Average Keedysville Assessed Value
$268,750
Average Washington County Assessed Value
$219,600
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keedysville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21756 | $140,870 | $197,600 | $268,750 | $338,800 | $425,600 |
Source: Ownwell
Property Tax Bills Across Keedysville, Maryland
Property tax bills in Keedysville, located in Washington 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's property assessment office and reflects the market value of the home. Once the property is assessed, the local tax rate is applied to this value to calculate the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. For homeowners in Keedysville, the median home price is $268,750. Consequently, the property tax bills can vary significantly. For instance, at the 25th percentile, homeowners might pay around $1,951 annually, while those at the 75th percentile could see bills as high as $3,362. At the 90th percentile, the tax bill can reach up to $4,352. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. However, they can also be a significant expense for homeowners, impacting their overall cost of living and financial planning.
Average Keedysville Tax Bill
$2,658
Average Washington County Tax Bill
$1,934
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Keedysville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21756 | $1,413 | $1,951 | $2,658 | $3,362 | $4,352 |
Source: Ownwell