Kitzmiller, Maryland Property Taxes
The median property tax rate in Kitzmiller, MD is 1.36%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Kitzmiller at $40,850, the typical annual property tax bill reaches $575, which is significantly lower than the national median of $2,690. Property taxes in Kitzmiller 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 Kitzmiller'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 Kitzmiller 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
Kitzmiller, 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 Kitzmiller Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kitzmiller with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kitzmiller 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 Kitzmiller, Maryland
Property taxes in Kitzmiller, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kitzmiller is 1.36%, significantly higher than the U.S. national median of 0.99%. Local government entities within Kitzmiller set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kitzmiller 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 Kitzmiller's effective property tax rate to other counties in Maryland and the national median. For comparison, the zip code 21538 has the highest median property tax rate of 1.36%, while the lowest median tax rate is also 1.36%. Understanding how these cities compare with Kitzmiller 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 Kitzmiller Tax Rate
1.36%
Average Garrett County Tax Rate
1.17%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kitzmiller, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21538 | 1.14% | 1.18% | 1.36% | 1.48% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Kitzmiller, Maryland
In Kitzmiller, 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 Assessment Office 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 Kitzmiller, 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 Kitzmiller helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Kitzmiller is $575.00, and the lowest is also $575.00, both within the 21538 zip code.
Average Kitzmiller Assessed Value
$40,850
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 Kitzmiller, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21538 | $23,710 | $30,900 | $40,850 | $73,075 | $112,670 |
Source: Ownwell
Property Tax Bills Across Kitzmiller, Maryland
In Kitzmiller, located in Garrett County, MD, property tax bills are calculated based on the assessed value of a home. The median home price in Kitzmiller is $40,850. Property taxes are a significant consideration for homeowners, as they are determined by multiplying the assessed value by the local tax rate. In this region, the tax bills exhibit a range of values: from the 25th percentile at $413 to the 75th percentile at $923, with the 90th percentile reaching up to $1,414. These taxes fund essential public services, including education, infrastructure, and emergency services, directly impacting the community's quality of life. Homeowners in Kitzmiller face a median tax bill of $575, which is relatively modest compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual expenses and budget accordingly, ensuring they are well-prepared for their financial obligations.
Average Kitzmiller Tax Bill
$575
Average Garrett County Tax Bill
$1,945
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Kitzmiller, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21538 | $309 | $413 | $575 | $923 | $1,414 |
Source: Ownwell