Garrett County Property Taxes
The median property tax rate in Garrett County is 1.17%, which is significantly higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Garrett County at $165,700, the typical annual property tax bill reaches $1,945, which is below the national median of $2,690. Property taxes in Garrett County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Garrett County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Oakland or another part of Garrett County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Garrett County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,939
Ownwell’s Garrett County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Garrett County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Garrett County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Garrett County, Maryland
Property taxes in Garrett County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Garrett County is 1.17%, which is higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Garrett County set these rates annually, and they can vary significantly between different areas within the county. Each year, Garrett County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Garrett County's effective property tax rate with other counties in Maryland and the national median. For comparison, the city of Deer Park has one of the higher property tax rates in Maryland at 1.73%, while the city of Swanton boasts one of the lowest at 0.95%. Analyzing how Garrett County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Garrett County Tax Rate
1.17%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garrett County, Maryland
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Accident | 1.18% | 1.18% | 1.19% | 1.21% | 1.65% |
| Barton | 1.14% | 1.17% | 1.19% | 1.24% | 1.29% |
| Bittinger | 1.18% | 1.19% | 1.19% | 1.20% | 1.20% |
| Bloomington | 1.20% | 1.26% | 1.27% | 1.27% | 1.28% |
| Deer Park | 1.73% | 1.73% | 1.73% | 1.73% | 1.73% |
| Friendsville | 1.14% | 1.15% | 1.18% | 1.21% | 1.57% |
| Frostburg | 1.13% | 1.15% | 1.16% | 1.18% | 1.22% |
| Grantsville | 1.12% | 1.15% | 1.17% | 1.22% | 1.31% |
| Kitzmiller | 1.14% | 1.18% | 1.36% | 1.48% | 1.51% |
| Lonaconing | 1.12% | 1.15% | 1.16% | 1.18% | 1.22% |
| Mchenry | N/A | N/A | N/A | N/A | N/A |
| Mc Henry | 1.18% | 1.19% | 1.34% | 1.34% | 1.34% |
| Oakland | 0.88% | 0.99% | 1.09% | 1.24% | 1.40% |
| Swanton | 0.81% | 0.88% | 0.95% | 1.16% | 1.21% |
| Westernport | 1.03% | 1.16% | 1.19% | 1.20% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Garrett County, Maryland
In Garrett County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Garrett County Appraisal District. The assessed value, however, 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. Assessment notices in Garrett County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in Garrett County is in McHenry at $4,211, while Deer Park has the lowest median tax bill at $529. Being aware of these valuation processes in Garrett County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Garrett County, Maryland
Source: Ownwell
$30,600
$194,250
$357,900
Average Garrett County Assessed Value
$165,700
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garrett County, Maryland
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Accident | $65,220 | $99,300 | $143,700 | $209,200 | $274,120 |
| Barton | $43,060 | $59,200 | $109,600 | $172,200 | $249,040 |
| Bittinger | $81,300 | $90,050 | $121,700 | $169,600 | $287,380 |
| Bloomington | $35,120 | $48,275 | $73,200 | $95,350 | $107,870 |
| Deer Park | $30,600 | $30,600 | $30,600 | $30,600 | $30,600 |
| Friendsville | $42,800 | $66,850 | $109,800 | $157,900 | $228,000 |
| Frostburg | $61,810 | $90,875 | $135,400 | $181,050 | $256,160 |
| Grantsville | $48,430 | $80,925 | $120,950 | $171,075 | $246,610 |
| Kitzmiller | $23,710 | $30,900 | $40,850 | $73,075 | $112,670 |
| Lonaconing | $60,480 | $97,100 | $141,400 | $215,450 | $264,720 |
| Mchenry | N/A | N/A | N/A | N/A | N/A |
| Mc Henry | $129,340 | $200,000 | $335,000 | $558,150 | $811,960 |
| Oakland | $54,200 | $99,100 | $163,500 | $326,650 | $724,540 |
| Swanton | $59,220 | $130,300 | $357,900 | $719,150 | $1,184,380 |
| Westernport | $40,340 | $87,800 | $98,200 | $129,600 | $182,120 |
Source: Ownwell
Property Tax Bills Across Garrett County, Maryland
In Garrett County, MD, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county's property assessment office and reflects the market value of the property. Homeowners in Garrett County experience a range of tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $1,175, while the 75th percentile tax bill is $3,797, and the 90th percentile tax bill can reach up to $7,437. The median home price in Garrett County is $165,700, which influences the overall tax burden. Compared to the national median property tax rate of 0.99%, Garrett County's property tax rates can result in significantly different tax bills. For example, the highest median tax bill in the county is found in McHenry at $4,211, while Deer Park has the lowest median tax bill at $529. These variations highlight the impact of property location and value on homeowners' annual tax obligations.
Average Garrett County Tax Bill
$1,945
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Garrett County, Maryland
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Accident | $832 | $1,269 | $1,798 | $2,567 | $3,416 |
| Barton | $555 | $754 | $1,319 | $1,918 | $2,903 |
| Bittinger | $980 | $1,082 | $1,451 | $2,011 | $3,199 |
| Bloomington | $430 | $609 | $898 | $1,135 | $1,327 |
| Deer Park | $529 | $529 | $529 | $529 | $529 |
| Friendsville | $523 | $804 | $1,312 | $1,851 | $2,631 |
| Frostburg | $743 | $1,039 | $1,558 | $2,097 | $2,909 |
| Grantsville | $568 | $957 | $1,415 | $1,979 | $2,794 |
| Kitzmiller | $309 | $413 | $575 | $923 | $1,414 |
| Lonaconing | $745 | $1,102 | $1,621 | $2,444 | $2,992 |
| Mchenry | N/A | N/A | N/A | N/A | N/A |
| Mc Henry | $1,524 | $2,666 | $4,211 | $7,191 | $10,145 |
| Oakland | $672 | $1,201 | $1,898 | $3,554 | $6,915 |
| Swanton | $813 | $1,560 | $3,423 | $6,795 | $10,488 |
| Westernport | $365 | $1,086 | $1,172 | $1,536 | $2,057 |
Source: Ownwell