Saint Leonard, Maryland Property Taxes
The median property tax rate in Saint Leonard, MD is 1.04%, slightly higher than the national median of 0.99% but lower than the Maryland state median of 1.06%. With the median home value in Saint Leonard at $324,550, the typical annual property tax bill is $3,403, which surpasses the national median of $2,690. Property taxes in Saint Leonard are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Saint Leonard'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 Saint Leonard 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
Saint Leonard, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$3,375
Ownwell’s Saint Leonard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Leonard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Leonard 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 Saint Leonard, Maryland
Property taxes in Saint Leonard, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Leonard is 1.04%, higher than the U.S. national median of 0.99%. Local government entities within Saint Leonard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Leonard 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 Saint Leonard's effective property tax rate to other areas in Maryland and the national median. For comparison, the zip code 20685 has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these areas compare with Saint Leonard provides valuable insights into the varying tax landscape across Calvert County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Leonard Tax Rate
1.04%
Average Calvert County Tax Rate
1.01%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Leonard, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20685 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Saint Leonard, Maryland
In Saint Leonard, 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 Calvert 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 Saint Leonard, 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 Saint Leonard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,403, found in zip code 20685.
Property Tax Assessment Values Across Saint Leonard, Maryland
Source: Ownwell
$226,700
$359,550
$492,400
Average Saint Leonard Assessed Value
$324,550
Average Calvert County Assessed Value
$346,200
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Leonard, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20685 | $186,500 | $232,325 | $324,550 | $409,500 | $527,880 |
Source: Ownwell
Property Tax Bills Across Saint Leonard, Maryland
In Saint Leonard, located in Calvert County, MD, property tax bills are calculated based on the assessed value of the home. The median home price in this region stands at $324,550. Homeowners' tax bills are determined by applying the local tax rate to this assessed value. Factors such as property size, location, and improvements can influence the assessed value, thus impacting the final tax bill. For instance, the tax bill at the 25th percentile is approximately $2,467, while at the 75th percentile, it rises to about $4,267. At the 90th percentile, homeowners might see tax bills as high as $5,491. The highest and lowest median tax bills in the area are both $3,403, recorded in the zip code 20685. Compared to the national median property tax rate of 0.99%, Saint Leonard's tax rates reflect the specific economic and regulatory environment of Calvert County, affecting homeowners by determining their annual financial obligations for property ownership.
Average Saint Leonard Tax Bill
$3,403
Average Calvert County Tax Bill
$3,494
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Leonard, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20685 | $1,981 | $2,467 | $3,403 | $4,267 | $5,491 |
Source: Ownwell