Adamstown, Frederick County, Maryland Property Taxes
The median property tax rate in Adamstown, MD is 1.14%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Adamstown at $458,100, the typical annual property tax bill reaches $5,135, exceeding the national median of $2,690. Property taxes in Adamstown 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 Adamstown'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 Adamstown 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
Adamstown, Frederick County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$5,222
$4,846
Ownwell’s Adamstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adamstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adamstown 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 Adamstown, Frederick County, Maryland
Property taxes in Adamstown, Maryland, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adamstown is 1.14%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Adamstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adamstown 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 Adamstown's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21710 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Adamstown provides valuable insights into the varying tax landscape across Frederick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adamstown Tax Rate
1.14%
Average Frederick County Tax Rate
1.20%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adamstown, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21710 | 1.04% | 1.12% | 1.14% | 1.16% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Adamstown, Frederick County, Maryland
In Adamstown, 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 Frederick 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 Adamstown, 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. The median home price in Adamstown is $458,100, with tax bills ranging from $3,823 at the 25th percentile to $7,059 at the 90th percentile. The highest and lowest median tax bills, both at $5,135, are found in the 21710 zip code. 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 Adamstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Adamstown, Frederick County, Maryland
Source: Ownwell
$211,100
$375,950
$540,800
Average Adamstown Assessed Value
$458,100
Average Frederick County Assessed Value
$362,500
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adamstown, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21710 | $258,000 | $350,650 | $458,100 | $547,950 | $635,940 |
Source: Ownwell
Property Tax Bills Across Adamstown, Frederick County, Maryland
In Adamstown, located in Frederick County, MD, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $458,100, the tax bill can vary significantly depending on the assessed value and the local tax rate. Several factors are considered in determining the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Adamstown can expect their property tax bills to fall within a range, with the 25th percentile at $3,823 and the 75th percentile at $6,152. The highest median tax bill in the area is $5,135, found in the 21710 zip code. These property taxes can have a substantial impact on homeowners, influencing monthly mortgage payments and overall housing affordability. Compared to the national median property tax rate of 0.99%, Adamstown's property taxes can be relatively high, affecting the financial planning of residents.
Average Adamstown Tax Bill
$5,135
Average Frederick County Tax Bill
$4,509
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Adamstown, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21710 | $2,878 | $3,823 | $5,135 | $6,152 | $7,059 |
Source: Ownwell