Rocky Ridge, Frederick County, Maryland Property Taxes
The median property tax rate in Rocky Ridge, MD is 1.22%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Rocky Ridge at $251,600, the typical annual property tax bill reaches $2,960, exceeding the national median of $2,690. Property taxes in Rocky Ridge 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 Rocky Ridge'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 Rocky Ridge 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
Rocky Ridge, Frederick County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$3,070
$2,848
Ownwell’s Rocky Ridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rocky Ridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rocky Ridge 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 Rocky Ridge, Frederick County, Maryland
Property taxes in Rocky Ridge, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rocky Ridge is 1.22%, higher than the U.S. national median of 0.99%. Local government entities within Rocky Ridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rocky Ridge 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 Rocky Ridge's effective property tax rate to other areas in Frederick County and the national median. For comparison, the 21778 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these areas compare with Rocky Ridge 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 Rocky Ridge Tax Rate
1.22%
Average Frederick County Tax Rate
1.20%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rocky Ridge, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21778 | 1.05% | 1.17% | 1.22% | 1.24% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Rocky Ridge, Frederick County, Maryland
In Rocky Ridge, 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 Rocky Ridge, 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. The median home price in Rocky Ridge is $251,600, with the 25th percentile tax bill at $2,394 and the 75th percentile tax bill at $3,962. The highest and lowest median tax bill is $2,960 in the 21778 zip code. Being aware of these valuation processes in Rocky Ridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Rocky Ridge, Frederick County, Maryland
Source: Ownwell
$211,100
$375,950
$540,800
Average Rocky Ridge Assessed Value
$251,600
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 Rocky Ridge, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21778 | $163,600 | $200,800 | $251,600 | $345,700 | $493,000 |
Source: Ownwell
Property Tax Bills Across Rocky Ridge, Frederick County, Maryland
In Rocky Ridge, located in Frederick County, MD, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors and is distinct from the market value of the property. Homeowners in Rocky Ridge can expect their property tax bill to be influenced by various factors, including the assessed value of their property and the local tax rate set by Frederick County. For a median home price of $251,600, property tax bills can vary significantly. At the 25th percentile, homeowners might see a tax bill around $2,394, while those at the 75th percentile could face a bill of approximately $3,962. The tax bill can go as high as $5,650 at the 90th percentile. The median property tax bill in the area is $2,960, which is higher than the national median property tax rate of 0.99%. This variability in tax bills can impact homeowners' financial planning, making it essential for them to understand how their property is assessed and taxed.
Average Rocky Ridge Tax Bill
$2,960
Average Frederick County Tax Bill
$4,509
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Rocky Ridge, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21778 | $1,910 | $2,394 | $2,960 | $3,962 | $5,650 |
Source: Ownwell