Huntingtown, Maryland Property Taxes
The median property tax rate in Huntingtown, MD is 1.00%, 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 $437,200, the typical annual property tax bill in Huntingtown reaches $4,378, well above the national median of $2,690. Property taxes in Huntingtown are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Huntingtown'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 Huntingtown 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
Huntingtown, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$4,372
Ownwell’s Huntingtown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huntingtown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huntingtown 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 Huntingtown, Maryland
Property taxes in Huntingtown, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Huntingtown is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Huntingtown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huntingtown 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 Huntingtown's effective property tax rate to other areas in Calvert County and the national median. For comparison, the 20639 zip code has the highest median property tax rate of 1.00%, while the same 20639 zip code also has the lowest median tax rate of 1.00%. Understanding how these areas compare with Huntingtown provides valuable insights into the varying tax landscape across Calvert County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Huntingtown Tax Rate
1.00%
Average Calvert County Tax Rate
1.01%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huntingtown, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20639 | 0.97% | 0.99% | 1.00% | 1.01% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Huntingtown, Maryland
In Huntingtown, 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 local 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 Huntingtown, 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 Huntingtown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $4378 in the 20639 zip code, while the lowest median tax bill is also $4378 in the same zip code.
Average Huntingtown Assessed Value
$437,200
Average Calvert County Assessed Value
$346,200
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huntingtown, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20639 | $269,010 | $351,300 | $437,200 | $533,950 | $641,600 |
Source: Ownwell
Property Tax Bills Across Huntingtown, Maryland
In Huntingtown, located in Calvert County, MD, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and reflects the estimated market value of the home. Factors such as the home's size, location, and condition are considered in this assessment. For example, with a median home price of $437,200, homeowners can expect varying tax bills. The 25th percentile tax bill is $3,554, while the 75th percentile reaches $5,298, and the 90th percentile climbs to $6,364. These figures illustrate the range of property tax obligations homeowners might face, depending on their property's assessed value and specific characteristics. Compared to the national median property tax rate of 0.99%, Huntingtown's property taxes can significantly impact homeowners' annual budgets. Understanding how these taxes are calculated and the factors influencing them is crucial for homeowners to anticipate and manage their financial responsibilities effectively.
Average Huntingtown Tax Bill
$4,378
Average Calvert County Tax Bill
$3,494
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Huntingtown, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20639 | $2,841 | $3,554 | $4,378 | $5,298 | $6,364 |
Source: Ownwell