Millersville, Maryland Property Taxes
The median property tax rate in Millersville, MD is 0.99%, aligning with the national median but slightly lower than the Maryland state median of 1.06%. With the median home value in Millersville at $455,550, the typical annual property tax bill reaches $4,326, significantly surpassing the national median of $2,690. Property taxes in Millersville are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Millersville'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 Millersville 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
Millersville, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$4,510
Ownwell’s Millersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Millersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Millersville 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 Millersville, Maryland
Property taxes in Millersville, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Millersville is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within Millersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Millersville 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 Millersville's effective property tax rate to other areas in Anne Arundel County and the national median. For comparison, the 21108 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these areas compare with Millersville 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 Millersville Tax Rate
0.99%
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 Millersville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21108 | 0.71% | 0.77% | 0.99% | 1.05% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Millersville, Maryland
In Millersville, 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 Millersville, 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. The median home price in Millersville is $455,550, with the 25th percentile tax bill at $2,985 and the 75th percentile at $5,926. The highest and lowest median tax bills are both $4,326, found in zip code 21108. 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 Millersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Millersville, Maryland
Source: Ownwell
$224,750
$1,053,975
$1,883,200
Average Millersville Assessed Value
$455,550
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 Millersville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21108 | $240,870 | $337,900 | $455,550 | $613,400 | $714,020 |
Source: Ownwell
Property Tax Bills Across Millersville, Maryland
In Millersville, located in Anne Arundel County, MD, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For comparison, the national median property tax rate stands at 0.99%. Several factors influence the assessed value, including the home's market value, location, and any improvements made to the property. Homeowners in Millersville can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is around $2,985, while those in the 75th percentile pay approximately $5,926. At the higher end, the 90th percentile tax bill reaches $7,055. The median home price in Millersville is $455,550, which can lead to substantial property tax obligations for homeowners. These taxes fund essential local services such as schools, emergency services, and infrastructure, directly impacting the community's quality of life.
Average Millersville Tax Bill
$4,326
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 Millersville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21108 | $2,349 | $2,985 | $4,326 | $5,926 | $7,055 |
Source: Ownwell