Allegany County Property Taxes
The median property tax rate in Allegany County is 0.93%, which is slightly lower than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Allegany County at $102,400, the typical annual property tax bill reaches $978, which is notably less than the national median of $2,690. Property taxes in Allegany County are calculated based on the tax assessed value, which usually falls below the actual market value due to various property tax exemptions such as the primary residence and agricultural exemptions. Understanding Allegany County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Cumberland or another part of Allegany County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Allegany County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$952
$884
Ownwell’s Allegany County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Allegany County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Allegany County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Allegany County, Maryland
Property taxes in Allegany County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Allegany County is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within Allegany County set these rates annually, and they can vary significantly between different areas within the county. Each year, Allegany County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Allegany County's effective property tax rate with other areas in Maryland and the national median. For comparison, the city of Westernport has one of the higher property tax rates in Maryland at 1.22%, while the city of Luke boasts one of the lowest at 0.84%. Analyzing how Allegany County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Allegany County Tax Rate
0.93%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Allegany County, Maryland
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barton | 0.82% | 0.88% | 0.95% | 1.09% | 1.24% |
| Corriganville | 0.94% | 1.01% | 1.05% | 1.06% | 1.08% |
| Cresaptown | 0.91% | 0.94% | 0.95% | 1.05% | 1.07% |
| Cumberland | 0.91% | 0.93% | 0.93% | 1.03% | 1.09% |
| Eckhart Mines | 0.90% | 0.92% | 0.94% | 1.03% | 1.09% |
| Ellerslie | 0.96% | 1.01% | 1.05% | 1.06% | 1.06% |
| Flintstone | 1.01% | 1.04% | 1.07% | 1.08% | 1.09% |
| Frostburg | 0.81% | 0.85% | 0.89% | 0.93% | 0.99% |
| Hancock | 1.03% | 1.04% | 1.04% | 1.07% | 1.08% |
| Lavale | 1.01% | 1.01% | 1.05% | 1.06% | 1.08% |
| Little Orleans | 1.02% | 1.05% | 1.06% | 1.07% | 1.08% |
| Lonaconing | 0.81% | 0.87% | 0.96% | 1.15% | 1.28% |
| Luke | 0.72% | 0.77% | 0.84% | 0.84% | 0.84% |
| Mccoole | 0.89% | 0.92% | 0.94% | 0.97% | 0.99% |
| Midland | 0.85% | 0.88% | 0.94% | 0.99% | 1.23% |
| Midlothian | 0.84% | 0.88% | 0.92% | 0.97% | 0.99% |
| Mount Savage | 0.98% | 1.04% | 1.05% | 1.06% | 1.08% |
| Oldtown | 1.00% | 1.03% | 1.05% | 1.06% | 1.07% |
| Rawlings | 0.80% | 0.84% | 0.88% | 0.91% | 0.95% |
| Spring Gap | 1.05% | 1.05% | 1.06% | 1.07% | 1.07% |
| Westernport | 0.83% | 0.92% | 1.22% | 1.33% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Allegany County, Maryland
In Allegany County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Allegany County Appraisal District. The assessed value, however, 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 in Allegany County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, Hancock has the highest median tax bill at $2,225, while Luke has the lowest at $227. Being aware of these valuation processes in Allegany County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Allegany County, Maryland
Source: Ownwell
$28,400
$128,475
$228,550
Average Allegany County Assessed Value
$102,400
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Allegany County, Maryland
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barton | $32,800 | $57,100 | $90,400 | $125,500 | $164,500 |
| Corriganville | $58,380 | $75,200 | $118,200 | $163,900 | $207,480 |
| Cresaptown | $70,850 | $165,650 | $228,550 | $281,125 | $374,950 |
| Cumberland | $38,000 | $61,100 | $96,300 | $151,000 | $210,700 |
| Eckhart Mines | $21,700 | $43,950 | $57,200 | $93,500 | $133,660 |
| Ellerslie | $55,800 | $73,300 | $117,000 | $173,300 | $249,820 |
| Flintstone | $55,030 | $90,675 | $133,150 | $190,225 | $259,290 |
| Frostburg | $67,530 | $90,600 | $126,000 | $184,600 | $258,500 |
| Hancock | $148,000 | $188,950 | $213,200 | $239,550 | $285,350 |
| Lavale | $56,580 | $108,825 | $192,050 | $210,725 | $256,460 |
| Little Orleans | $44,320 | $73,325 | $125,100 | $172,275 | $231,230 |
| Lonaconing | $29,800 | $52,250 | $82,000 | $114,800 | $148,800 |
| Luke | $23,060 | $25,900 | $28,400 | $39,850 | $73,840 |
| Mccoole | $23,480 | $38,525 | $66,600 | $83,125 | $90,820 |
| Midland | $26,940 | $47,400 | $71,100 | $108,000 | $174,180 |
| Midlothian | $58,450 | $81,550 | $117,400 | $158,925 | $221,500 |
| Mount Savage | $41,430 | $57,725 | $81,200 | $124,675 | $185,810 |
| Oldtown | $44,380 | $69,000 | $111,500 | $164,050 | $229,720 |
| Rawlings | $61,240 | $91,500 | $134,100 | $182,500 | $231,060 |
| Spring Gap | $150,480 | $169,950 | $202,400 | $234,850 | $254,320 |
| Westernport | $34,770 | $51,500 | $81,800 | $118,475 | $168,260 |
Source: Ownwell
Property Tax Bills Across Allegany County, Maryland
In Allegany County, MD, property tax bills are calculated based on the assessed value of the property. The county assesses the market value of homes to determine the amount of property tax owed. Factors such as location, property size, and improvements can influence the assessed value. For instance, the median home price in Allegany County is $102,400. Homeowners in this area can expect varying tax bills, with the 25th percentile at $633, the 75th percentile at $1508, and the 90th percentile reaching $2099. The highest median tax bill in Allegany County is found in Hancock at $2225, while Luke has the lowest at $227. These variations illustrate how different factors, including neighborhood and property characteristics, impact the overall tax burden. Compared to the national median property tax rate of 0.99%, homeowners in Allegany County may find their tax bills to be relatively moderate. Understanding these nuances can help homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Allegany County Tax Bill
$978
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Allegany County, Maryland
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barton | $320 | $556 | $846 | $1,212 | $1,619 |
| Corriganville | $615 | $805 | $1,167 | $1,661 | $2,031 |
| Cresaptown | $684 | $1,623 | $2,189 | $2,813 | $3,338 |
| Cumberland | $356 | $581 | $929 | $1,464 | $2,055 |
| Eckhart Mines | $228 | $413 | $586 | $858 | $1,279 |
| Ellerslie | $584 | $749 | $1,197 | $1,735 | $2,593 |
| Flintstone | $584 | $943 | $1,396 | $1,971 | $2,683 |
| Frostburg | $607 | $795 | $1,115 | $1,661 | $2,301 |
| Hancock | $1,582 | $2,033 | $2,225 | $2,557 | $2,989 |
| Lavale | $614 | $1,124 | $1,947 | $2,158 | $2,712 |
| Little Orleans | $469 | $755 | $1,333 | $1,813 | $2,349 |
| Lonaconing | $314 | $535 | $782 | $1,080 | $1,470 |
| Luke | $183 | $210 | $227 | $334 | $571 |
| Mccoole | $226 | $369 | $624 | $724 | $809 |
| Midland | $269 | $504 | $676 | $1,019 | $1,660 |
| Midlothian | $536 | $707 | $1,055 | $1,541 | $2,061 |
| Mount Savage | $432 | $607 | $853 | $1,259 | $1,814 |
| Oldtown | $452 | $691 | $1,123 | $1,680 | $2,288 |
| Rawlings | $501 | $783 | $1,154 | $1,638 | $2,025 |
| Spring Gap | $1,578 | $1,795 | $2,157 | $2,519 | $2,737 |
| Westernport | $407 | $614 | $907 | $1,317 | $1,822 |
Source: Ownwell