Buckeystown, Maryland Property Taxes
The median property tax rate in Buckeystown, MD is 1.16%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Buckeystown at $323,100, the typical annual property tax bill reaches $3,493, exceeding the national median of $2,690. Property taxes in Buckeystown are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Buckeystown'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 Buckeystown or another part of Frederick County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Buckeystown, 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 Buckeystown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Buckeystown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buckeystown 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 Buckeystown, Maryland
Property taxes in Buckeystown, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Buckeystown is 1.16%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Buckeystown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buckeystown 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 Buckeystown's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21717 zip code has the highest median property tax rate of 1.16%, while the 21717 zip code has the lowest median tax rate of 1.16%. Understanding how these cities compare with Buckeystown provides valuable insights into the varying tax landscape across Frederick, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buckeystown Tax Rate
1.16%
Average Frederick County Tax Rate
1.20%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buckeystown, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21717 | 0.99% | 1.13% | 1.16% | 1.18% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Buckeystown, Maryland
In Buckeystown, 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 Frederick 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 Buckeystown, 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. The median home price in Buckeystown is $323,100, with tax bills ranging from $2,916 at the 25th percentile to $5,443 at the 90th percentile. The zip code 21717 has both the highest and lowest median tax bill at $3,493. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Buckeystown Assessed Value
$323,100
Average Frederick County Assessed Value
$362,500
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buckeystown, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21717 | $198,760 | $259,700 | $323,100 | $418,300 | $497,980 |
Source: Ownwell
Property Tax Bills Across Buckeystown, Maryland
In Buckeystown, Frederick County, MD, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the market value of the property. Homeowners in Buckeystown face varying tax bills depending on the assessed value of their homes and the local tax rate. For instance, the median home price in Buckeystown is $323,100. Tax bills can vary significantly; the 25th percentile tax bill is $2,916, while the 75th percentile tax bill is $4,363, and the 90th percentile tax bill reaches $5,443. These figures highlight the range of property tax burdens that homeowners might experience. The highest and lowest median tax bills in the area are both $3,493, indicating a relatively stable tax environment within certain zip codes. Compared to the national median property tax rate of 0.99%, Buckeystown's tax rates reflect the local economic conditions and public service funding needs, directly impacting homeowners' annual financial planning.
Average Buckeystown Tax Bill
$3,493
Average Frederick County Tax Bill
$4,509
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Buckeystown, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21717 | $2,192 | $2,916 | $3,493 | $4,363 | $5,443 |
Source: Ownwell