Glen Burnie, Maryland Property Taxes
The median property tax rate in Glen Burnie, MD is 0.92%, slightly below the Maryland state median of 1.06% but still lower than the national median of 0.99%. With the median home value in Glen Burnie at $299,900, the typical annual property tax bill amounts to $2,613, which is under the national median of $2,690. Property taxes in Glen Burnie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence exemption. Understanding Glen Burnie'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 Glen Burnie 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
Glen Burnie, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$2,759
Ownwell’s Glen Burnie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glen Burnie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glen Burnie 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 Anne Arundel County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Glen Burnie, Maryland
Property taxes in Glen Burnie, Maryland, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Glen Burnie is 0.92%, slightly lower than the Maryland state median but close to the U.S. national median of 0.99%. Local government entities within Glen Burnie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen Burnie 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 Glen Burnie's effective property tax rate to other areas in Anne Arundel County and the national median. For comparison, the 21060 zip code has the highest median property tax rate of 0.93%, while the 21061 zip code has the lowest median tax rate of 0.92%. Understanding how these areas compare with Glen Burnie 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 Glen Burnie Tax Rate
0.92%
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 Glen Burnie, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21060 | 0.68% | 0.82% | 0.93% | 0.97% | 0.98% |
| 21061 | 0.68% | 0.74% | 0.92% | 0.98% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Glen Burnie, Maryland
In Glen Burnie, 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 Glen Burnie, 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. For example, the highest median tax bill in Glen Burnie is $2,795 in the 21060 zip code, while the lowest median tax bill is $2,504 in the 21061 zip code. 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 Glen Burnie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Glen Burnie, Maryland
Source: Ownwell
$224,750
$1,053,975
$1,883,200
Average Glen Burnie Assessed Value
$299,900
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 Glen Burnie, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21060 | $201,700 | $258,900 | $317,700 | $398,050 | $481,480 |
| 21061 | $207,700 | $252,400 | $288,700 | $330,000 | $374,300 |
Source: Ownwell
Property Tax Bills Across Glen Burnie, Maryland
In Glen Burnie, Anne Arundel County, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county's property assessment office and reflects the market value of the property. Homeowners in Glen Burnie face a median property tax rate that is slightly higher than the national median of 0.99%. For instance, the median home price in Glen Burnie is $299,900, which can result in a tax bill ranging from $2,093 at the 25th percentile to $4,022 at the 90th percentile. Several factors influence the tax bill, including property size, location, and any applicable exemptions. The highest median tax bill in the area is $2,795, found in the 21060 zip code, while the lowest is $2,504 in the 21061 zip code. These tax bills significantly impact homeowners, affecting their annual budgeting and long-term financial planning. Understanding how these factors interplay can help homeowners anticipate their property tax obligations more accurately.
Average Glen Burnie Tax Bill
$2,613
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 Glen Burnie, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21060 | $1,737 | $2,131 | $2,795 | $3,710 | $4,475 |
| 21061 | $1,771 | $2,063 | $2,504 | $2,974 | $3,473 |
Source: Ownwell