Union Bridge, Frederick County, Maryland Property Taxes
The median property tax rate in Union Bridge, MD is 0.98%, slightly below the national median of 0.99% but lower than the Maryland state median of 1.06%. With the median home value in Union Bridge, the typical annual property tax bill reaches $3,702, which is notably higher than the national median of $2,690. Property taxes in Union Bridge are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Union Bridge'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 Union Bridge 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
Union Bridge, Frederick County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$3,739
$3,469
Ownwell’s UNION BRIDGE Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in UNION BRIDGE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in UNION BRIDGE 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 Union Bridge, Frederick County, Maryland
Property taxes in Union Bridge, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union Bridge is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Union Bridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union Bridge 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 Union Bridge's effective property tax rate to other areas in Maryland and the national median. For comparison, the zip code 21791 has both the highest and lowest median property tax rate at 0.98%. Understanding how these areas compare with Union Bridge 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 Union Bridge Tax Rate
0.98%
Average Frederick County Tax Rate
1.20%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union Bridge, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21791 | 0.86% | 0.93% | 0.98% | 1.02% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Union Bridge, Frederick County, Maryland
In Union Bridge, 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 Union Bridge, 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 Union Bridge is $381,500, with tax bills ranging from $2,976 at the 25th percentile to $6,550 at the 90th percentile. The highest and lowest median tax bills are both $3,702 in zip code 21791. 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 Union Bridge, Frederick County, Maryland
Source: Ownwell
$211,100
$375,950
$540,800
Average Union Bridge Assessed Value
$381,500
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 Union Bridge, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21791 | $237,200 | $303,400 | $381,500 | $500,800 | $693,460 |
Source: Ownwell
Property Tax Bills Across Union Bridge, Frederick County, Maryland
In Union Bridge, Frederick County, MD, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $381,500, the property tax rate applied in Union Bridge results in a median tax bill of around $3,702. This figure is quite significant when compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. Homeowners in Union Bridge can expect tax bills to vary, with the 25th percentile at $2,976 and the 75th percentile reaching $4,842. The tax bill at the 90th percentile can go as high as $6,550. These variations can affect homeowners' financial planning and overall cost of living, making it essential to understand how property taxes are calculated and managed.
Average Union Bridge Tax Bill
$3,702
Average Frederick County Tax Bill
$4,509
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Union Bridge, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21791 | $2,337 | $2,976 | $3,702 | $4,842 | $6,550 |
Source: Ownwell