Pylesville, Maryland Property Taxes
The median property tax rate in Pylesville, MD is 1.04%, slightly higher than the national median of 0.99% but lower than the Maryland state median of 1.06%. With a median home value of $325,800 in Pylesville, the typical annual property tax bill amounts to $3,250, surpassing the national median of $2,690. Property taxes in Pylesville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pylesville'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 Pylesville or another part of Harford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pylesville, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$3,388
Ownwell’s Pylesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pylesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pylesville 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 Pylesville, Maryland
Property taxes in Pylesville, Maryland, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Pylesville is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Pylesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pylesville 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 Pylesville's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21132 zip code has the highest median property tax rate of 1.04%, while the 21132 zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Pylesville 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 Pylesville Tax Rate
1.04%
Average Harford County Tax Rate
0.99%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pylesville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21132 | 0.82% | 1.01% | 1.04% | 1.06% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Pylesville, Maryland
In Pylesville, 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 Pylesville, 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. The median home price in Pylesville is $325,800, with annual tax bills ranging from $2,370 at the 25th percentile to $5,209 at the 90th percentile. 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 Pylesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pylesville Assessed Value
$325,800
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 Pylesville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21132 | $188,200 | $256,300 | $325,800 | $427,750 | $523,800 |
Source: Ownwell
Property Tax Bills Across Pylesville, Maryland
Property tax bills in Pylesville, located in Harford County, MD, are calculated based on the assessed value of a property and the local tax rate. The median home price in Pylesville is $325,800, and property taxes are determined by applying the county's tax rate to this assessed value. Typically, the assessed value is a percentage of the market value, ensuring that the tax burden is proportionate to the property's worth. Several factors influence the tax bill, including property size, location, and any improvements made. For instance, homes in the 25th percentile of tax bills pay around $2,370 annually, while those in the 75th percentile face bills closer to $4,218. At the higher end, the 90th percentile tax bill reaches approximately $5,209. These tax bills significantly impact homeowners, as they form a substantial part of annual homeownership costs. Comparing this to the national median property tax rate of 0.99%, Pylesville's rates can be notably higher or lower depending on specific property assessments and local tax policies.
Average Pylesville Tax Bill
$3,250
Average Harford County Tax Bill
$2,716
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Pylesville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21132 | $1,493 | $2,370 | $3,250 | $4,218 | $5,209 |
Source: Ownwell