Walkersville, Maryland Property Taxes
The median property tax rate in Walkersville, MD is 1.09%, notably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With a median home value of $364,600 in Walkersville, the typical annual property tax bill reaches $3,815, surpassing the national median of $2,690. Property taxes in Walkersville are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Walkersville'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 Walkersville 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
Walkersville, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$3,974
$3,688
Ownwell’s Walkersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walkersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walkersville 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 Walkersville, Maryland
Property taxes in Walkersville, Maryland, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Walkersville is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Walkersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walkersville 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 Walkersville's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21793 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Walkersville 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 Walkersville Tax Rate
1.09%
Average Frederick County Tax Rate
1.20%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Walkersville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21793 | 0.96% | 1.01% | 1.09% | 1.14% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Walkersville, Maryland
In Walkersville, 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 Walkersville, 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. For example, the median home price in Walkersville is $364,600, with tax bills ranging from $2,996 at the 25th percentile to $6,270 at the 90th percentile. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Walkersville Assessed Value
$364,600
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 Walkersville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21793 | $217,510 | $266,600 | $364,600 | $466,175 | $572,900 |
Source: Ownwell
Property Tax Bills Across Walkersville, Maryland
Property tax bills in Walkersville, located in Frederick County, MD, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. In Walkersville, the median home price is $364,600. Homeowners in this city experience a range of tax bills; for instance, those in the 25th percentile pay around $2,996, while those in the 75th percentile see bills closer to $5,026. The 90th percentile tax bill can reach up to $6,270. The local tax rate plays a crucial role in determining the final bill. Compared to the national median property tax rate of 0.99%, Frederick County's rate can result in higher or lower bills depending on the assessed value and specific locality rates. For homeowners, understanding these factors is essential for financial planning, as property taxes represent a significant annual expense. The highest median tax bill in the area is $3,815, highlighting the variability within the region.
Average Walkersville Tax Bill
$3,815
Average Frederick County Tax Bill
$4,509
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Walkersville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21793 | $2,191 | $2,996 | $3,815 | $5,026 | $6,270 |
Source: Ownwell