Crownsville, Maryland Property Taxes
The median property tax rate in Crownsville, MD is 0.93%, slightly lower than both the national median of 0.99% and Maryland's state median of 1.06%. With the median home value in Crownsville at $476,600, the typical annual property tax bill reaches $4,396, significantly higher than the national median of $2,690. Property taxes in Crownsville 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 Crownsville'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 Crownsville or another part of Anne Arundel County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crownsville, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$4,432
$4,113
Ownwell’s Crownsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crownsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crownsville 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 Crownsville, Maryland
Property taxes in Crownsville, Maryland, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crownsville is 0.93%, slightly below the U.S. national median of 0.99%. Local government entities within Crownsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crownsville 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 Crownsville's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21032 zip code has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with Crownsville provides valuable insights into the varying tax landscape across Anne Arundel County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crownsville Tax Rate
0.93%
Average Anne Arundel County Tax Rate
0.97%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crownsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21032 | 0.66% | 0.77% | 0.93% | 1.01% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Crownsville, Maryland
In Crownsville, 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 Anne Arundel 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 Crownsville, 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 Crownsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Crownsville are both $4,396, found in the 21032 zip code.
Property Tax Assessment Values Across Crownsville, Maryland
Source: Ownwell
$224,750
$1,053,975
$1,883,200
Average Crownsville Assessed Value
$476,600
Average Anne Arundel County Assessed Value
$376,600
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crownsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21032 | $305,820 | $372,700 | $476,600 | $733,200 | $1,015,060 |
Source: Ownwell
Property Tax Bills Across Crownsville, Maryland
In Crownsville, property tax bills are calculated based on the assessed value of a home, which is determined by the Anne Arundel County tax assessor. The assessed value is a percentage of the market value, reflecting the property's estimated worth in the current real estate market. To determine the tax bill, this assessed value is multiplied by the local tax rate. Several factors influence the assessed value, including the property's size, location, condition, and any improvements or renovations. For homeowners, this means that changes to their property or fluctuations in the real estate market can significantly impact their tax obligations. In Crownsville, the median home price is $476,600. Homeowners in the 25th percentile of tax bills pay around $3,324, while those in the 75th percentile face bills up to $7,078. Some homeowners, particularly those in the 90th percentile, can see tax bills as high as $9,637. These figures highlight the variability in property tax bills, which can affect affordability and financial planning for residents.
Average Crownsville Tax Bill
$4,396
Average Anne Arundel County Tax Bill
$3,553
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Crownsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21032 | $2,607 | $3,324 | $4,396 | $7,078 | $9,637 |
Source: Ownwell