Aberdeen, Maryland Property Taxes
The median property tax rate in Aberdeen, MD is 0.94%, which is slightly below both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Aberdeen at $212,050, the typical annual property tax bill reaches $2,081, which is lower than the national median of $2,690. Property taxes in Aberdeen are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Aberdeen'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 Aberdeen or another part of Harford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aberdeen, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,993
Ownwell’s Aberdeen Property Tax Bill Calculator aids homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Aberdeen with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Aberdeen to project your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Aberdeen, Maryland
Property taxes in Aberdeen, Maryland, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aberdeen is 0.94%, slightly lower than the U.S. national median of 0.99%. Local government entities within Aberdeen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aberdeen 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 Aberdeen's effective property tax rate to other areas in Maryland and the national median. For comparison, the zip code 21001 has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these areas compare with Aberdeen 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 Aberdeen Tax Rate
0.94%
Average Harford County Tax Rate
0.99%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aberdeen, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21001 | 0.89% | 0.92% | 0.94% | 1.06% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Aberdeen, Maryland
In Aberdeen, 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 Aberdeen, 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 Aberdeen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Aberdeen are both $2081, found in zip code 21001.
Average Aberdeen Assessed Value
$212,050
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 Aberdeen, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21001 | $107,700 | $151,925 | $212,050 | $279,800 | $379,930 |
Source: Ownwell
Property Tax Bills Across Aberdeen, Maryland
Property tax bills in Aberdeen, Harford County, MD, are calculated based on the assessed value of a property and the local tax rate. Homeowners in Aberdeen typically face a median home price of $212,050. The tax rate applied to this assessed value determines the annual property tax bill. Various factors influence the assessed value, including the property's location, size, and condition. For homeowners in Aberdeen, property tax bills can vary significantly. The 25th percentile tax bill is approximately $1,451, while the 75th percentile tax bill reaches around $2,850. Those in the 90th percentile might see tax bills as high as $3,776. The highest and lowest median tax bills in the area are both $2,081, specifically in the 21001 zip code. Comparatively, the national median property tax rate is 0.99%, making Aberdeen's property taxes relatively similar to national averages. This variation in tax bills can significantly impact homeowners, affecting their overall financial planning and housing affordability.
Average Aberdeen Tax Bill
$2,081
Average Harford County Tax Bill
$2,716
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Aberdeen, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21001 | $1,061 | $1,451 | $2,081 | $2,850 | $3,776 |
Source: Ownwell