Brunswick, Frederick County, Maryland Property Taxes
The median property tax rate in Brunswick, MD is 1.53%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Brunswick, the typical annual property tax bill reaches $3,934, exceeding the national median of $2,690. Property taxes in Brunswick 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 Brunswick'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 Brunswick 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
Brunswick, Frederick County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$4,076
$3,782
Ownwell’s Brunswick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brunswick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brunswick 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 Brunswick, Frederick County, Maryland
Property taxes in Brunswick, Maryland, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brunswick is 1.53%, significantly higher than the U.S. national median of 0.99%. Local government entities within Brunswick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brunswick 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 Brunswick's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21716 zip code has the highest median property tax rate of 1.53%, while the lowest median tax rate is also 1.53%. Understanding how these areas compare with Brunswick 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 Brunswick Tax Rate
1.53%
Average Frederick County Tax Rate
1.20%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brunswick, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21716 | 1.38% | 1.49% | 1.53% | 1.82% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Brunswick, Frederick County, Maryland
In Brunswick, 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 Brunswick, 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 Brunswick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Brunswick is $3,934 in zip code 21716, while the lowest is also $3,934 in the same zip code.
Property Tax Assessment Values Across Brunswick, Frederick County, Maryland
Source: Ownwell
$211,100
$375,950
$540,800
Average Brunswick Assessed Value
$266,400
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 Brunswick, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21716 | $170,200 | $207,200 | $266,400 | $405,600 | $495,560 |
Source: Ownwell
Property Tax Bills Across Brunswick, Frederick County, Maryland
In Brunswick, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is periodically evaluated by Frederick County. Homeowners in Brunswick can expect varying tax bills depending on their property's assessed value. For instance, the median home price in Brunswick is $266,400, which serves as a baseline for calculating property taxes. Factors influencing the tax bill include property size, location, and any applicable exemptions or deductions. The tax bill at the 25th percentile is around $3,015, while at the 75th percentile, it reaches approximately $7,440. The highest median tax bill in the area is $3,934, found in the 21716 zip code. These figures illustrate the range of property tax obligations homeowners might face, significantly impacting their annual expenses. Compared to the national median property tax rate of 0.99%, Brunswick's rates reflect the local economic and property market conditions, shaping the financial landscape for its residents.
Average Brunswick Tax Bill
$3,934
Average Frederick County Tax Bill
$4,509
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Brunswick, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21716 | $2,533 | $3,015 | $3,934 | $7,440 | $9,139 |
Source: Ownwell