Manchester, Maryland Property Taxes
The median property tax rate in Manchester, MD is 1.03%, slightly higher than the national median of 0.99% but lower than the Maryland state median of 1.06%. With a median home value of $369,600 in Manchester, the typical annual property tax bill reaches $3,786, surpassing the national median of $2,690. Property taxes in Manchester are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Manchester'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 Manchester or another part of Carroll County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Manchester, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$3,807
Ownwell’s Manchester Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Manchester. Simply input your property's estimated assessed value, and the calculator will use the median tax rate to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making it easier to plan your finances. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value, determined by Carroll County, is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Manchester, Maryland
Property taxes in Manchester, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Manchester is 1.03%, higher than the U.S. national median of 0.99%. Local government entities within Manchester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Manchester 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 Manchester's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21102 zip code has the highest median property tax rate of 1.03%, while the same 21102 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Manchester provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Manchester Tax Rate
1.03%
Average Carroll County Tax Rate
1.10%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Manchester, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21102 | 0.93% | 0.97% | 1.03% | 1.16% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Manchester, Maryland
In Manchester, 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 Carroll 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 Manchester, 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 Manchester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Manchester is $369,600, with annual tax bills ranging from $3,104 at the 25th percentile to $5,726 at the 90th percentile. Notably, the highest and lowest median tax bills are both $3,786, found in the 21102 zip code.
Average Manchester Assessed Value
$369,600
Average Carroll County Assessed Value
$347,000
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Manchester, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21102 | $247,000 | $296,000 | $369,600 | $450,300 | $523,170 |
Source: Ownwell
Property Tax Bills Across Manchester, Maryland
In Manchester, located in Carroll County, MD, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Manchester stands at $369,600, which significantly influences the tax bill. The assessed value is determined by local authorities and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Manchester, the tax bills can vary widely. At the 25th percentile, the tax bill is $3,104, while at the 75th percentile, it rises to $4,873. For those in the 90th percentile, the tax bill can reach as high as $5,726. The highest median tax bill recorded in the area is $3,786, which is significantly higher than the national median property tax rate of 0.99%. These tax bills can have a substantial impact on homeowners, affecting their overall housing costs and financial planning.
Average Manchester Tax Bill
$3,786
Average Carroll County Tax Bill
$3,882
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Manchester, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21102 | $2,613 | $3,104 | $3,786 | $4,873 | $5,726 |
Source: Ownwell