Unionville, Maryland Property Taxes
The median property tax rate in Unionville, MD is 1.04%, slightly higher than the national median of 0.99% but just below the Maryland state median of 1.06%. With a median home value of $360,700 in Unionville, the typical annual property tax bill reaches $3,759, significantly exceeding the national median of $2,690. Property taxes in Unionville are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Unionville'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 Unionville 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
Unionville, Maryland Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$2,120
Ownwell’s Unionville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Unionville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Unionville 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 Unionville, Maryland
Property taxes in Unionville, Maryland, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Unionville is 1.04%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Unionville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Unionville 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 Unionville's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21792 zip code has the highest median property tax rate of 1.04%, while the 21792 zip code also has the lowest median tax rate of 1.04%. Understanding how these areas compare with Unionville 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 Unionville Tax Rate
1.04%
Average Frederick County Tax Rate
1.20%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Unionville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21792 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Unionville, Maryland
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Unionville, Maryland. 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 Unionville, 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 Unionville is $360,700, with tax bills ranging from $3,759 to $3,759, depending on the zip code. 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 Unionville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Unionville Assessed Value
$360,700
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 Unionville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21792 | $360,700 | $360,700 | $360,700 | $360,700 | $360,700 |
Source: Ownwell
Property Tax Bills Across Unionville, Maryland
In Unionville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Unionville stands at $360,700, and this value plays a crucial role in determining the tax bill. The assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For Unionville, the tax bill consistently falls around $3,759, regardless of whether it is at the 25th, 75th, or 90th percentile, highlighting a uniform assessment approach within the city. Factors such as property size, location, and market conditions are considered during the assessment process. This tax bill impacts homeowners by contributing to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Unionville's property taxes are relatively high, which can influence both the cost of homeownership and the attractiveness of the area for potential buyers.
Average Unionville Tax Bill
$3,759
Average Frederick County Tax Bill
$4,509
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Unionville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21792 | $3,759 | $3,759 | $3,759 | $3,759 | $3,759 |
Source: Ownwell