Mount Airy, Frederick County, Maryland Property Taxes
The median property tax rate in Mount Airy, 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 Mount Airy, the typical annual property tax bill reaches $4,986, exceeding the national median of $2,690. Property taxes in Mount Airy 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 Mount Airy'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 Mount Airy 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
Mount Airy, Frederick County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$5,136
$4,766
Ownwell’s Mount Airy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Airy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Airy 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 Mount Airy, Frederick County, Maryland
Property taxes in Mount Airy, Maryland, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Airy is 1.14%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Mount Airy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Airy 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 Mount Airy's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21771 zip code has both the highest and lowest median property tax rate of 1.14%. Understanding how these cities compare with Mount Airy 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 Mount Airy 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 Mount Airy, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21771 | 1.02% | 1.09% | 1.14% | 1.16% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Mount Airy, Frederick County, Maryland
In Mount Airy, 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 Assessment Office 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 Mount Airy, 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. The median home price in Mount Airy is $450,550, with tax bills ranging from $4,105 at the 25th percentile to $7,291 at the 90th percentile. The zip code 21771 has the highest and lowest median tax bills, both at $4,986. 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 Mount Airy, Frederick County, Maryland
Source: Ownwell
$211,100
$375,950
$540,800
Average Mount Airy Assessed Value
$450,550
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 Mount Airy, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21771 | $298,510 | $359,525 | $450,550 | $549,600 | $653,800 |
Source: Ownwell
Property Tax Bills Across Mount Airy, Frederick County, Maryland
In Mount Airy, located in Frederick County, MD, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate. For instance, with the median home price in Mount Airy being $450,550, homeowners can expect a range of tax bills. The 25th percentile tax bill is around $4,105, while the 75th percentile tax bill reaches approximately $6,198. At the higher end, the 90th percentile tax bill can be as much as $7,291. Factors such as home improvements, neighborhood developments, and changes in market conditions can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Mount Airy's property tax rates can lead to significant annual expenses for homeowners. Understanding these factors helps homeowners plan their finances and anticipate their annual property tax obligations.
Average Mount Airy Tax Bill
$4,986
Average Frederick County Tax Bill
$4,509
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Airy, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21771 | $3,436 | $4,105 | $4,986 | $6,198 | $7,291 |
Source: Ownwell