Bittinger, Maryland Property Taxes
The median property tax rate in Bittinger, MD, is 1.19%, which is notably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With a median home value of $121,700 in Bittinger, the typical annual property tax bill amounts to $1,451, surpassing the national median of $2,690. Property taxes in Bittinger are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Bittinger’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 Bittinger or another part of Garrett County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bittinger, 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 Bittinger Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bittinger with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bittinger 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 Bittinger, Maryland
Property taxes in Bittinger, Maryland, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bittinger is 1.19%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Bittinger set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bittinger 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 Bittinger's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21522 zip code has the highest median property tax rate of 1.19%, while the same 21522 zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Bittinger 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 Bittinger 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 Bittinger, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21522 | 1.18% | 1.19% | 1.19% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Bittinger, Maryland
In Bittinger, 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 Bittinger, 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 Bittinger helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the 21522 zip code are both $1,451, highlighting a consistent tax environment in the area.
Average Bittinger Assessed Value
$121,700
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 Bittinger, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21522 | $81,300 | $90,050 | $121,700 | $169,600 | $287,380 |
Source: Ownwell
Property Tax Bills Across Bittinger, Maryland
In Bittinger, located in Garrett County, MD, property tax bills are calculated based on the assessed value of a home and the local tax rate. The process begins with the county assessing the market value of a property, which is then used to determine the taxable value. Homeowners in Bittinger can expect their property tax bills to reflect this assessed value multiplied by the local tax rate. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. For instance, the median home price in Bittinger is $121,700, and the property tax bill at the 25th percentile is $1,082, while at the 75th percentile, it rises to $2,011. This variation highlights how different assessed values can lead to significantly different tax obligations. For homeowners, these tax bills can impact their annual budgeting and financial planning. Understanding how these elements interact helps residents anticipate their property tax responsibilities, ensuring they are better prepared for any financial obligations related to their homes.
Average Bittinger Tax Bill
$1,451
Average Garrett County Tax Bill
$1,945
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Bittinger, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21522 | $980 | $1,082 | $1,451 | $2,011 | $3,199 |
Source: Ownwell