Kingsville, Maryland Property Taxes
The median property tax rate in Kingsville, MD is 0.98%, slightly below the state median of 1.06% but comparable to the national median of 0.99%. With the median home value in Kingsville, the typical annual property tax bill reaches $3,642, significantly higher than the national median of $2,690. Property taxes in Kingsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Kingsville'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 Kingsville 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
Kingsville, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$3,700
Ownwell’s Kingsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingsville 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 Kingsville, Maryland
Property taxes in Kingsville, Maryland, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Kingsville is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Kingsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingsville 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 Kingsville's effective property tax rate to other areas within Harford County and the national median. For comparison, the 21087 zip code has the highest median property tax rate of 0.98%, while the same zip code also records the lowest median tax rate at 0.98%. Understanding how these areas compare with Kingsville provides valuable insights into the varying tax landscape across Harford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingsville Tax Rate
0.98%
Average Harford County Tax Rate
0.99%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21087 | 0.80% | 0.90% | 0.98% | 1.01% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Kingsville, Maryland
In Kingsville, 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 Harford 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 Kingsville, 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 Kingsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, in Kingsville, the median home price is $377,500, with the median tax bill ranging from $3,070 at the 25th percentile to $4,113 at the 75th percentile, and $4,621 at the 90th percentile. The zip code 21087 has both the highest and lowest median tax bill at $3,642.
Average Kingsville Assessed Value
$377,500
Average Harford County Assessed Value
$279,650
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kingsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21087 | $277,560 | $326,600 | $377,500 | $434,000 | $497,460 |
Source: Ownwell
Property Tax Bills Across Kingsville, Maryland
In Kingsville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Kingsville can expect their property tax bills to vary significantly depending on their home's assessed value. For instance, the 25th percentile tax bill is around $3,070, while the 75th percentile tax bill reaches approximately $4,113. The 90th percentile tax bill even goes up to $4,621, reflecting the higher end of property values in the area. Compared to the national median property tax rate of 0.99%, Kingsville's property tax rates can be seen as relatively high. The highest median tax bill in the area is $3,642, which is found in the 21087 zip code. This means that homeowners in Kingsville face a substantial financial obligation when it comes to property taxes, impacting their overall cost of homeownership. Understanding these factors can help homeowners better anticipate their annual expenses and plan their budgets accordingly.
Average Kingsville Tax Bill
$3,642
Average Harford County Tax Bill
$2,716
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21087 | $2,466 | $3,070 | $3,642 | $4,113 | $4,621 |
Source: Ownwell