Barton, Maryland Property Taxes
The median property tax rate in Barton, MD is 1.19%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Barton at $109,600, the typical annual property tax bill reaches $1,319, exceeding the national median of $2,690. Property taxes in Barton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Barton'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 Barton 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
Barton, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,304
Ownwell’s Barton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barton 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 Barton, Maryland
Property taxes in Barton, Maryland, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Barton is 1.19%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Barton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barton 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 Barton's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21521 zip code has the highest median property tax rate of 1.19%, while the lowest median tax rate is also 1.19%. Understanding how these cities compare with Barton provides valuable insights into the varying tax landscape across Garrett County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barton Tax Rate
1.19%
Average Garrett County Tax Rate
1.17%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barton, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21521 | 1.14% | 1.17% | 1.19% | 1.24% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Barton, Maryland
In Barton, 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 Garrett 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 Barton, 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 Barton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 21521, with a bill of $1,319, while the lowest median tax bill also falls in the same zip code with a bill of $1,319.
Average Barton Assessed Value
$109,600
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 Barton, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21521 | $43,060 | $59,200 | $109,600 | $172,200 | $249,040 |
Source: Ownwell
Property Tax Bills Across Barton, Maryland
In Barton, located in Garrett County, MD, property tax bills are calculated based on the assessed value of a homeowner's property. This assessed value is determined by the local tax assessor and reflects the market value of the property. The effective tax rate is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. For instance, the median home price in Barton is $109,600. Homeowners in the 25th percentile of tax bills pay around $754 annually, while those in the 75th percentile face tax bills of approximately $1,918. At the 90th percentile, the tax bill can reach up to $2,903. These property taxes significantly impact homeowners, as they are a recurring expense tied to homeownership. Comparatively, Barton’s property tax rates are reflective of regional market conditions and can vary widely, affecting household budgets and long-term financial planning.
Average Barton Tax Bill
$1,319
Average Garrett County Tax Bill
$1,945
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Barton, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21521 | $555 | $754 | $1,319 | $1,918 | $2,903 |
Source: Ownwell