Marriottsville, Maryland Property Taxes
The median property tax rate in Marriottsville, MD is 1.09%, which is higher than both the national median of 0.99% and Maryland's state median of 1.06%. With the median home value in Marriottsville at $471,700, the typical annual property tax bill reaches $5,160, significantly exceeding the national median of $2,690. Property taxes in Marriottsville 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 Marriottsville'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 Marriottsville 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
Marriottsville, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$5,142
$4,771
Ownwell’s Marriottsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marriottsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marriottsville 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 Marriottsville, Maryland
Property taxes in Marriottsville, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marriottsville is 1.09%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Marriottsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marriottsville 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 Marriottsville's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21104 zip code has both the highest and lowest median property tax rate of 1.09%. Understanding how these areas compare with Marriottsville 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 Marriottsville Tax Rate
1.09%
Average Carroll County Tax Rate
1.10%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marriottsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21104 | 1.07% | 1.09% | 1.09% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Marriottsville, Maryland
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Marriottsville, 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 Carroll County 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 Marriottsville, 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 Marriottsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Marriottsville, both at $5,160, are found in the 21104 zip code.
Property Tax Assessment Values Across Marriottsville, Maryland
Source: Ownwell
$231,600
$351,650
$471,700
Average Marriottsville Assessed Value
$471,700
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 Marriottsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21104 | $338,380 | $390,700 | $471,700 | $550,600 | $627,140 |
Source: Ownwell
Property Tax Bills Across Marriottsville, Maryland
In Marriottsville, Carroll 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 Marriottsville experience a median property tax bill of $5,160, which is significantly higher than the national median property tax rate of 0.99%. Factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. For homeowners, this means that owning a property in Marriottsville can come with substantial annual tax obligations. For example, the 25th percentile of tax bills is $4,260, while the 75th percentile reaches $6,007, and the 90th percentile can be as high as $6,758. These figures highlight the variability in tax bills, which can impact household budgets and financial planning. Understanding how these factors play into the overall tax calculation can help homeowners anticipate and manage their property tax responsibilities effectively.
Average Marriottsville Tax Bill
$5,160
Average Carroll County Tax Bill
$3,882
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Marriottsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21104 | $3,718 | $4,260 | $5,160 | $6,007 | $6,758 |
Source: Ownwell