Wingate, Maryland Property Taxes
The median property tax rate in Wingate, MD is 1.19%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Wingate at $68,400, the typical annual property tax bill reaches $802, which is below the national median of $2,690. Property taxes in Wingate 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 Wingate'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 Wingate or another part of Dorchester County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wingate, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$814
$755
Ownwell’s Wingate Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wingate with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wingate 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 Wingate, Maryland
Property taxes in Wingate, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wingate is 1.19%, which is higher than the U.S. national median of 0.99%. Local government entities within Wingate set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wingate 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 Wingate's effective property tax rate to other areas in Dorchester County and the national median. For comparison, the zip code 21675 has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these values compare with Wingate provides valuable insights into the varying tax landscape across Dorchester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wingate Tax Rate
1.19%
Average Dorchester County Tax Rate
1.17%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wingate, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21675 | 1.13% | 1.15% | 1.19% | 1.23% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Wingate, Maryland
In Wingate, 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 Dorchester 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 Wingate, 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. For instance, the median home price in Wingate is $68,400, and the tax bills range from $592 at the 25th percentile to $2,096 at the 90th percentile. The highest and lowest median tax bill both stand at $802 in the zip code 21675. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wingate Assessed Value
$68,400
Average Dorchester County Assessed Value
$163,800
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wingate, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21675 | $21,100 | $49,300 | $68,400 | $100,800 | $183,100 |
Source: Ownwell
Property Tax Bills Across Wingate, Maryland
In Wingate, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The median home price in Wingate is $68,400, and the property tax rate is applied to this assessed value to determine your annual tax bill. Various factors such as the size of your property, location, and any improvements or additions made to the home can influence the assessed value. Homeowners in Wingate can expect property tax bills to range significantly. For example, the 25th percentile tax bill is around $592, while the 75th percentile tax bill is approximately $1,067. At the higher end, the 90th percentile tax bill can reach up to $2,096. These taxes contribute to essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Comparing this to the national median property tax rate of 0.99%, it's clear that Wingate's property taxes are within a comparable range, ensuring that homeowners contribute fairly to the local economy.
Average Wingate Tax Bill
$802
Average Dorchester County Tax Bill
$2,036
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Wingate, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21675 | $287 | $592 | $802 | $1,067 | $2,096 |
Source: Ownwell