Woodsboro, Frederick County, Maryland Property Taxes
The median property tax rate in Woodsboro, MD is 1.06%, which aligns with the Maryland state median but is still higher than the national median of 0.99%. With the median home value in Woodsboro at $392,000, the typical annual property tax bill reaches $4,042, significantly exceeding the national median of $2,690. Property taxes in Woodsboro 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 Woodsboro'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 Woodsboro 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
Woodsboro, Frederick County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$4,155
$3,856
Ownwell’s Woodsboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodsboro 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 Woodsboro, Frederick County, Maryland
Property taxes in Woodsboro, Maryland, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodsboro is 1.06%, higher than the U.S. national median of 0.99%. Local government entities within Woodsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodsboro 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 Woodsboro's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21798 zip code has both the highest and lowest median property tax rate of 1.06%. Understanding how these cities compare with Woodsboro 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 Woodsboro Tax Rate
1.06%
Average Frederick County Tax Rate
1.20%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Woodsboro, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21798 | 0.92% | 0.99% | 1.06% | 1.10% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Woodsboro, Frederick County, Maryland
In Woodsboro, 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 Woodsboro, 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 Woodsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 21798, with a median tax bill of $4,042.
Property Tax Assessment Values Across Woodsboro, Frederick County, Maryland
Source: Ownwell
$211,100
$375,950
$540,800
Average Woodsboro Assessed Value
$392,000
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 Woodsboro, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21798 | $234,600 | $293,100 | $392,000 | $519,400 | $652,880 |
Source: Ownwell
Property Tax Bills Across Woodsboro, Frederick County, Maryland
In Woodsboro, located in Frederick County, MD, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the property's market value. Homeowners in Woodsboro experience property tax rates that are influenced by various factors, including the property's location, size, and condition. The median home price in Woodsboro is $392,000, and the property tax rate in Frederick County is relatively high compared to the national median property tax rate of 0.99%. For instance, the 25th percentile tax bill in Woodsboro is $3,042, while the 75th percentile tax bill is $5,323. At the higher end, the 90th percentile tax bill reaches $6,505. These property tax bills significantly impact homeowners, as higher assessed values lead to higher tax obligations. This can affect affordability and the overall cost of homeownership. Understanding how these factors interplay helps homeowners anticipate their annual tax liabilities and plan their finances accordingly.
Average Woodsboro Tax Bill
$4,042
Average Frederick County Tax Bill
$4,509
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodsboro, Frederick County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21798 | $2,446 | $3,042 | $4,042 | $5,323 | $6,505 |
Source: Ownwell