Cecilton, Maryland Property Taxes
The median property tax rate in Cecilton, MD is 1.09%, which is higher than both the national median of 0.99% and the Maryland state median of 1.06%. With a median home value of $182,700, the typical annual property tax bill in Cecilton reaches $2,181, slightly below the national median of $2,690. Property taxes in Cecilton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Grasping Cecilton'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 Cecilton 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
Cecilton, 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 Cecilton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cecilton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cecilton 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 Cecilton, Maryland
Property taxes in Cecilton, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cecilton is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Cecilton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cecilton 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 Cecilton's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21913 zip code has both the highest and lowest median property tax rate of 1.09%. Understanding how these areas compare with Cecilton provides valuable insights into the varying tax landscape across Cecil County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cecilton Tax Rate
1.09%
Average Cecil County Tax Rate
0.89%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cecilton, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21913 | 0.96% | 1.04% | 1.09% | 1.19% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Cecilton, Maryland
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cecilton, 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 Cecil 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 Cecilton, 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. For instance, the median home price in Cecilton is $182,700, with the 25th percentile tax bill at $1,671 and the 75th percentile tax bill at $2,717. The highest and lowest median tax bills are both $2,181 in the 21913 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cecilton Assessed Value
$182,700
Average Cecil County Assessed Value
$239,900
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cecilton, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21913 | $108,820 | $152,950 | $182,700 | $241,000 | $265,180 |
Source: Ownwell
Property Tax Bills Across Cecilton, Maryland
In Cecilton, Cecil County, MD, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the tax bill. For example, with a median home price of $182,700, homeowners can expect tax bills that vary significantly. The 25th percentile tax bill is around $1,671, while at the 75th percentile, it rises to $2,717. At the 90th percentile, it can reach up to $2,968. These variations are influenced by factors such as property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Cecilton's tax rates reflect the region's specific economic and real estate conditions. For homeowners, understanding these factors is crucial as they directly impact annual financial planning and long-term property investment decisions.
Average Cecilton Tax Bill
$2,181
Average Cecil County Tax Bill
$2,238
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Cecilton, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21913 | $1,379 | $1,671 | $2,181 | $2,717 | $2,968 |
Source: Ownwell