Flintstone, Maryland Property Taxes
The median property tax rate in Flintstone, MD is 1.07%, slightly higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Flintstone at $133,150, the typical annual property tax bill reaches $1,396, which is below the national median of $2,690. Property taxes in Flintstone are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Flintstone'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 Flintstone 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
Flintstone, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$1,425
$1,322
Ownwell’s Flintstone Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Flintstone with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flintstone 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 Flintstone, Maryland
Property taxes in Flintstone, Maryland, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Flintstone is 1.07%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Flintstone set these rates annually, and they can vary significantly across different neighborhoods. Each year, Flintstone 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 Flintstone's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21530 zip code has the highest median property tax rate of 1.07%, while the 21530 zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Flintstone provides valuable insights into the varying tax landscape across Allegany County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flintstone Tax Rate
1.07%
Average Allegany County Tax Rate
0.93%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flintstone, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21530 | 1.01% | 1.04% | 1.07% | 1.08% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Flintstone, Maryland
In Flintstone, 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 Allegany County Assessment Office 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 Flintstone, 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 Flintstone helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Flintstone is $133,150. The median tax bill varies significantly, with the 25th percentile at $943 and the 75th percentile at $1,971. The highest and lowest median tax bills, both at $1,396, are found in the 21530 zip code.
Average Flintstone Assessed Value
$133,150
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 Flintstone, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21530 | $55,030 | $90,675 | $133,150 | $190,225 | $259,290 |
Source: Ownwell
Property Tax Bills Across Flintstone, Maryland
In Flintstone, Allegany 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 in Flintstone can expect varying tax bills depending on their property's assessed value and applicable tax rates. For instance, the median home price in Flintstone is $133,150. Tax bills can range significantly; homeowners in the 25th percentile pay about $943, while those in the 75th percentile face bills around $1,971. Some homeowners in the 90th percentile might see tax bills as high as $2,683. The highest and lowest median tax bills in the area are both $1,396, indicating a consistent tax rate across different property values. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for Flintstone residents. Understanding how these factors interplay helps homeowners anticipate their annual financial obligations.
Average Flintstone Tax Bill
$1,396
Average Allegany County Tax Bill
$978
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Flintstone, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21530 | $584 | $943 | $1,396 | $1,971 | $2,683 |
Source: Ownwell