Jarrettsville, Maryland Property Taxes
The median property tax rate in Jarrettsville, MD is 1.05%, slightly higher than the national median of 0.99% but just below the Maryland state median of 1.06%. With the median home value in Jarrettsville at $354,800, the typical annual property tax bill reaches $3,580, significantly exceeding the national median of $2,690. Property taxes in Jarrettsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jarrettsville'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 Jarrettsville 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
Jarrettsville, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$3,725
Ownwell’s Jarrettsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jarrettsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jarrettsville 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 Jarrettsville, Maryland
Property taxes in Jarrettsville, Maryland, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Jarrettsville is 1.05%, higher than the U.S. national median of 0.99%. Local government entities within Jarrettsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jarrettsville 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 Jarrettsville's effective property tax rate to other areas in Maryland and the national median. For comparison, the zip code 21084 has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these areas compare with Jarrettsville 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 Jarrettsville Tax Rate
1.05%
Average Harford County Tax Rate
0.99%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jarrettsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21084 | 0.87% | 1.01% | 1.05% | 1.06% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Jarrettsville, Maryland
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Jarrettsville, Maryland. 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. 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 Jarrettsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Jarrettsville is $354,800, with tax bills ranging from $2,918 at the 25th percentile to $5,685 at the 90th percentile. The zip code 21084 has the highest and lowest median tax bill of $3,580.
Property Tax Assessment Values Across Jarrettsville, Maryland
Source: Ownwell
$164,500
$289,000
$413,500
Average Jarrettsville Assessed Value
$354,800
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 Jarrettsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21084 | $246,700 | $292,400 | $354,800 | $451,000 | $566,480 |
Source: Ownwell
Property Tax Bills Across Jarrettsville, Maryland
In Jarrettsville, Harford County, MD, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners can expect their tax bill to be influenced by several factors, including the assessed value of their property and the local property tax rate. For instance, with a median home price of $354,800, property tax bills in Jarrettsville can vary significantly. At the 25th percentile, homeowners may see tax bills around $2,918, while those at the 75th percentile might face bills up to $4,562. The top 10% of tax bills can even reach $5,685. These tax bills have a direct impact on homeowners, influencing both monthly mortgage payments and overall housing affordability. Compared to the national median property tax rate of 0.99%, the tax rates in Jarrettsville can seem substantial, underscoring the importance for homeowners to stay informed about their property tax obligations.
Average Jarrettsville Tax Bill
$3,580
Average Harford County Tax Bill
$2,716
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Jarrettsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21084 | $2,365 | $2,918 | $3,580 | $4,562 | $5,685 |
Source: Ownwell