New Windsor, Frederick County, Maryland Property Taxes
The median property tax rate in New Windsor, MD is 0.99%, aligning with the national median of 0.99% but slightly lower than the Maryland state median of 1.06%. With a median home value of $430,850 in New Windsor, the typical annual property tax bill reaches $4,176, significantly higher than the national median of $2,690. Property taxes in New Windsor 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 New Windsor'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 New Windsor 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
New Windsor, Frederick County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$4,265
$3,958
Ownwell’s New Windsor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Windsor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Windsor 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 New Windsor, Frederick County, Maryland
Property taxes in New Windsor, Maryland, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in New Windsor is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within New Windsor set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Windsor 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 New Windsor's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21776 zip code has the highest median property tax rate of 0.99%, while the same zip code also has the lowest median tax rate of 0.99%. Understanding how these areas compare with New Windsor 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 New Windsor Tax Rate
0.99%
Average Frederick County Tax Rate
1.20%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Windsor, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21776 | 0.87% | 0.95% | 0.99% | 1.02% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across New Windsor, Frederick County, Maryland
In New Windsor, 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 New Windsor, 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 New Windsor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in New Windsor is $430,850, with tax bills ranging from $3,325 at the 25th percentile to $7,028 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 21776, with a median tax bill of $4,176.
Property Tax Assessment Values Across New Windsor, Frederick County, Maryland
Source: Ownwell
$211,100
$375,950
$540,800
Average New Windsor Assessed Value
$430,850
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 New Windsor, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21776 | $275,640 | $342,925 | $430,850 | $565,500 | $720,680 |
Source: Ownwell
Property Tax Bills Across New Windsor, Frederick County, Maryland
In New Windsor, MD, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and reflects the market value of the home. Homeowners in New Windsor can expect to pay property taxes that vary significantly depending on the assessed value and the specific tax rate applied by Frederick County. For instance, the median home price in New Windsor is $430,850, and the property tax bill can range widely. The 25th percentile tax bill is $3,325, while the 75th percentile tax bill is $5,524, and those in the 90th percentile face a tax bill of $7,028. This variation indicates how different factors such as property size, location, and improvements can influence the tax bill. The highest and lowest median tax bills in the area are both $4,176, highlighting a relatively consistent tax rate within the same zip code of 21776. Property taxes significantly impact homeowners by influencing monthly mortgage payments and overall housing affordability.
Average New Windsor Tax Bill
$4,176
Average Frederick County Tax Bill
$4,509
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across New Windsor, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21776 | $2,594 | $3,325 | $4,176 | $5,524 | $7,028 |
Source: Ownwell