Dickerson, Frederick County, Maryland Property Taxes
The median property tax rate in Dickerson, 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 Dickerson, the typical annual property tax bill reaches $5,619, exceeding the national median of $2,690. Property taxes in Dickerson 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 Dickerson'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 Dickerson or another part of Frederick County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dickerson, Frederick County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$5,605
$5,202
Ownwell’s Dickerson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dickerson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dickerson 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 Dickerson, Frederick County, Maryland
Property taxes in Dickerson, Maryland, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Dickerson is 1.14%, which is higher than the U.S. national median of 0.99%. Local government entities within Dickerson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dickerson 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 Dickerson's effective property tax rate to other counties in Maryland and the national median. For comparison, the zip code 20842 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 Dickerson 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 Dickerson 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 Dickerson, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20842 | 1.01% | 1.10% | 1.14% | 1.16% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Dickerson, Frederick County, Maryland
In Dickerson, 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 Dickerson, 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 Dickerson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $5619 in zip code 20842, while the lowest median tax bill is also $5619 in the same zip code.
Property Tax Assessment Values Across Dickerson, Frederick County, Maryland
Source: Ownwell
$211,100
$375,950
$540,800
Average Dickerson Assessed Value
$491,700
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 Dickerson, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20842 | $248,300 | $364,500 | $491,700 | $756,250 | $925,740 |
Source: Ownwell
Property Tax Bills Across Dickerson, Frederick County, Maryland
In Dickerson, property tax bills are calculated based on the assessed value of a home, which is determined by the Frederick County Assessor’s Office. The assessed value is a percentage of the market value of the property. Homeowners in Dickerson see a median home price of $491,700, and their property tax bills vary significantly. The 25th percentile tax bill is $3,837, while the 75th percentile reaches $8,441. For those in the 90th percentile, the tax bill can be as high as $10,348. These figures are influenced by various factors, including property size, location, and improvements. The property tax rate in Dickerson is notably higher than the national median property tax rate of 0.99%. This higher tax rate can impact homeowners by increasing their annual expenses, affecting affordability and potentially influencing decisions related to property investments. Understanding these dynamics is crucial for homeowners to manage their finances effectively.
Average Dickerson Tax Bill
$5,619
Average Frederick County Tax Bill
$4,509
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Dickerson, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20842 | $2,738 | $3,837 | $5,619 | $8,441 | $10,348 |
Source: Ownwell