Braddock Heights, Frederick County, Maryland Property Taxes
The median property tax rate in Braddock Heights, MD is 1.21%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Braddock Heights at $322,700, the typical annual property tax bill reaches $3,888, exceeding the national median of $2,690. Property taxes in Braddock Heights 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 Braddock Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Braddock Heights 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
Braddock Heights, Frederick County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$3,905
$3,623
Ownwell’s Braddock Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Braddock Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Braddock Heights 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 Braddock Heights, Frederick County, Maryland
Property taxes in Braddock Heights, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Braddock Heights is 1.21%, higher than the U.S. national median of 0.99%. Local government entities within Braddock Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Braddock Heights 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 Braddock Heights' effective property tax rate to other counties in Maryland and the national median. For comparison, the 21714 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Braddock Heights 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.
Property Tax Rates Across Braddock Heights, Frederick County, Maryland
Source: Ownwell
0.98%
1.26%
1.53%
Average Braddock Heights Tax Rate
1.21%
Average Frederick County Tax Rate
1.20%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Braddock Heights, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21714 | 1.19% | 1.20% | 1.21% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Braddock Heights, Frederick County, Maryland
In Braddock Heights, 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. 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. In Braddock Heights, the median home price is $322,700, with tax bills ranging from $2,938 at the 25th percentile to $5,814 at the 90th percentile. The highest and lowest median tax bills are both $3,888 in zip code 21714. 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.
Property Tax Assessment Values Across Braddock Heights, Frederick County, Maryland
Source: Ownwell
$211,100
$375,950
$540,800
Average Braddock Heights Assessed Value
$322,700
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 Braddock Heights, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21714 | $214,460 | $246,700 | $322,700 | $405,350 | $498,120 |
Source: Ownwell
Property Tax Bills Across Braddock Heights, Frederick County, Maryland
In Braddock Heights, Frederick 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 Braddock Heights face an annual property tax bill that varies significantly. For instance, the tax bill at the 25th percentile is $2,938, while at the 75th percentile, it rises to $4,814. At the 90th percentile, homeowners can expect a tax bill of approximately $5,814. The median home price in Braddock Heights is $322,700, and the property tax rate in Frederick County is higher than the national median of 0.99%. This means that property taxes can be a substantial expense for homeowners, influencing their overall cost of living. Factors such as property improvements, neighborhood changes, and local government budgets also play a role in determining the final tax bill, making it essential for homeowners to stay informed about their property's assessed value and any potential changes to local tax rates.
Property Tax Bills Across Braddock Heights, Frederick County, Maryland
Source: Ownwell
$2,294
$4,255
$6,216
Average Braddock Heights Tax Bill
$3,888
Average Frederick County Tax Bill
$4,509
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Braddock Heights, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21714 | $2,395 | $2,938 | $3,888 | $4,814 | $5,814 |
Source: Ownwell