Ladiesburg, Maryland Property Taxes
The median property tax rate in Ladiesburg, MD is 1.07%, slightly higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Ladiesburg at $372,500, the typical annual property tax bill reaches $3,977, significantly exceeding the national median of $2,690. Property taxes in Ladiesburg 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 Ladiesburg'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 Ladiesburg 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
Ladiesburg, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$3,986
Ownwell’s Ladiesburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ladiesburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ladiesburg 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 Ladiesburg, Maryland
Property taxes in Ladiesburg, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ladiesburg is 1.07%, which is higher than the U.S. national median of 0.99%. Local government entities within Ladiesburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ladiesburg 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 Ladiesburg's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21759 zip code has both the highest and lowest median property tax rate of 1.07%. Understanding how these cities compare with Ladiesburg 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 Ladiesburg Tax Rate
1.07%
Average Frederick County Tax Rate
1.20%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ladiesburg, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21759 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Ladiesburg, Maryland
In Ladiesburg, 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 Ladiesburg, 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 Ladiesburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 21759 has both the highest and lowest median tax bills, each at $3,977.
Average Ladiesburg Assessed Value
$372,500
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 Ladiesburg, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21759 | $372,500 | $372,500 | $372,500 | $372,500 | $372,500 |
Source: Ownwell
Property Tax Bills Across Ladiesburg, Maryland
Property tax bills in Ladiesburg, Frederick County, MD are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Ladiesburg, the median home price is $372,500, and the tax rate results in a consistent tax bill of $3,977 across various percentiles, including the 25th, 75th, and 90th. This uniformity indicates a stable tax environment for homeowners. The property tax rate in Frederick County is above the national median property tax rate of 0.99%, making it important for homeowners to understand how their tax liabilities are calculated. Factors such as property improvements, market conditions, and local government budget needs can influence the assessed value and, consequently, the tax bill. High property taxes can impact homeowners' budgets, but they also contribute to local services and infrastructure, enhancing the overall community quality.
Average Ladiesburg Tax Bill
$3,977
Average Frederick County Tax Bill
$4,509
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Ladiesburg, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21759 | $3,977 | $3,977 | $3,977 | $3,977 | $3,977 |
Source: Ownwell