Linthicum Heights, Maryland Property Taxes
The median property tax rate in Linthicum Heights, MD is 0.90%, slightly below the state median of 1.06% but still higher than the national median of 0.99%. With a median home value of $340,800, the typical annual property tax bill in Linthicum Heights reaches $2,980, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences. Understanding Linthicum Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Linthicum Heights or another part of Anne Arundel County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Linthicum Heights, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$3,067
$2,846
Ownwell’s Linthicum Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Linthicum Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Linthicum Heights 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 Linthicum Heights, Maryland
Property taxes in Linthicum Heights, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Linthicum Heights is 0.90%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Linthicum Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Linthicum Heights 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 Linthicum Heights' effective property tax rate to other counties in Maryland and the national median. For comparison, the zip code 21090 has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Linthicum Heights 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 Linthicum Heights Tax Rate
0.90%
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 Linthicum Heights, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21090 | 0.69% | 0.73% | 0.90% | 0.97% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Linthicum Heights, Maryland
In Linthicum Heights, 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 Linthicum Heights, 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 Linthicum Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Linthicum Heights is $2,980, with the highest and lowest median tax bills both recorded in the 21090 zip code.
Property Tax Assessment Values Across Linthicum Heights, Maryland
Source: Ownwell
$224,750
$1,053,975
$1,883,200
Average Linthicum Heights Assessed Value
$340,800
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 Linthicum Heights, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21090 | $276,300 | $305,100 | $340,800 | $399,000 | $495,790 |
Source: Ownwell
Property Tax Bills Across Linthicum Heights, Maryland
In Linthicum Heights, located in Anne Arundel County, MD, property tax bills are determined by assessing the value of a property and applying the local tax rate. The assessed value is based on the market value of the home, which in this area has a median price of $340,800. This assessed value is then multiplied by the property tax rate to calculate the tax bill. Factors such as location, property size, and improvements can affect the assessed value, thereby influencing the total tax bill. Homeowners in Linthicum Heights can expect their property tax bills to vary. The 25th percentile tax bill is around $2,511, while the 75th percentile reaches $3,493. For those in the 90th percentile, tax bills can go up to $4,234. The median tax bill for the area is $2,980, which is notably higher than the national median property tax rate of 0.99%. These tax bills represent a significant annual expense for homeowners, impacting their overall cost of living and financial planning.
Average Linthicum Heights Tax Bill
$2,980
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 Linthicum Heights, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21090 | $2,180 | $2,511 | $2,980 | $3,493 | $4,234 |
Source: Ownwell