Orchard Beach, Maryland Property Taxes
The median property tax rate in Orchard Beach, MD is 1.02%, slightly higher than the national median of 0.99% but lower than Maryland's state median of 1.06%. With a median home value of $272,700 in Orchard Beach, the typical annual property tax bill reaches $2,490, which is below the national median of $2,690. Property taxes in Orchard Beach are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Orchard Beach'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 Orchard Beach 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
Orchard Beach, Maryland Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$2,120
Ownwell’s Orchard Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orchard Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orchard Beach 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 Orchard Beach, Maryland
Property taxes in Orchard Beach, Maryland, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orchard Beach is 1.02%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Orchard Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orchard Beach 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. Understanding how Orchard Beach's effective property tax rate compares to other areas in Anne Arundel County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Orchard Beach Tax Rate
1.02%
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 Orchard Beach, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21226 | 0.66% | 0.77% | 1.02% | 1.05% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Orchard Beach, Maryland
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Orchard Beach, Maryland. 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 Orchard Beach, 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 Orchard Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Orchard Beach is $272,700, with tax bills ranging from $2,074 at the 25th percentile to $3,778 at the 90th percentile. The highest and lowest median tax bills are both $2,490 in the 21226 zip code.
Property Tax Assessment Values Across Orchard Beach, Maryland
Source: Ownwell
$224,750
$1,053,975
$1,883,200
Average Orchard Beach Assessed Value
$272,700
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 Orchard Beach, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21226 | $208,720 | $232,600 | $272,700 | $326,550 | $385,440 |
Source: Ownwell
Property Tax Bills Across Orchard Beach, Maryland
In Orchard Beach, Anne Arundel County, MD, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county's property assessor and reflects the market value of the property. Homeowners in Orchard Beach experience property tax bills that vary significantly, with the 25th percentile at $2,074 and the 75th percentile reaching $3,104. The 90th percentile tax bill can be as high as $3,778. To put this into perspective, the national median property tax rate is 0.99%. Given the median home price of $272,700 in Orchard Beach, the property tax burden can be substantial. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value, thereby affecting the tax bill. For homeowners, understanding these factors is crucial, as property taxes represent a significant annual expense that impacts overall homeownership costs.
Average Orchard Beach Tax Bill
$2,490
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 Orchard Beach, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21226 | $1,725 | $2,074 | $2,490 | $3,104 | $3,778 |
Source: Ownwell