Ijamsville, Frederick County, Maryland Property Taxes
The median property tax rate in Ijamsville, MD is 1.12%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Ijamsville at $485,900, the typical annual property tax bill reaches $5,348, exceeding the national median of $2,690. Property taxes in Ijamsville 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 Ijamsville'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 Ijamsville 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
Ijamsville, Frederick County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$5,442
$5,050
Ownwell’s Ijamsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ijamsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ijamsville 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 Ijamsville, Frederick County, Maryland
Property taxes in Ijamsville, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ijamsville is 1.12%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Ijamsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ijamsville 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 Ijamsville's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21754 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Ijamsville 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 Ijamsville Tax Rate
1.12%
Average Frederick County Tax Rate
1.20%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ijamsville, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21754 | 1.03% | 1.08% | 1.12% | 1.14% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Ijamsville, Frederick County, Maryland
In Ijamsville, 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 Ijamsville, 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. For example, the median home price in Ijamsville is $485,900, with tax bills ranging from $4,230 at the 25th percentile to $8,886 at the 90th percentile. The zip code 21754 has both the highest and lowest median tax bills at $5,348. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Ijamsville, Frederick County, Maryland
Source: Ownwell
$211,100
$375,950
$540,800
Average Ijamsville Assessed Value
$485,900
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 Ijamsville, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21754 | $326,020 | $388,600 | $485,900 | $647,325 | $817,960 |
Source: Ownwell
Property Tax Bills Across Ijamsville, Frederick County, Maryland
In Ijamsville, Frederick County, MD, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. Homeowners in Ijamsville experience property tax rates that are reflective of the region's valuation standards. For instance, the median home price in Ijamsville is $485,900, and the property tax bill can vary significantly. The tax bill at the 25th percentile is approximately $4,230, while at the 75th percentile, it rises to around $7,102. At the 90th percentile, it can reach up to $8,886. These figures indicate that property tax bills in Ijamsville can be substantially higher than the national median property tax rate of 0.99%. The highest median tax bill recorded in the area is $5,348, which is consistent across all zip codes. These taxes impact homeowners by influencing their overall housing costs, potentially affecting affordability and long-term financial planning. Understanding these factors is crucial for homeowners when budgeting for annual expenses.
Average Ijamsville Tax Bill
$5,348
Average Frederick County Tax Bill
$4,509
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Ijamsville, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21754 | $3,553 | $4,230 | $5,348 | $7,102 | $8,886 |
Source: Ownwell