Clarksville, Maryland Property Taxes
The median property tax rate in Clarksville, MD is 0.96%, slightly below the Maryland state median of 1.06% but close to the national median of 0.99%. With a median home value of $815,150 in Clarksville, the typical annual property tax bill reaches $7,997, significantly higher than the national median of $2,690. Property taxes in Clarksville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Clarksville'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 Clarksville or another part of Howard County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clarksville, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$7,825
Ownwell’s Clarksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarksville 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 Clarksville, Maryland
Property taxes in Clarksville, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarksville is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Clarksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarksville 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 Clarksville's effective property tax rate to other areas in Howard County and the national median. For comparison, the 21029 zip code has the highest median property tax rate of 0.96%, while the same zip code also has the lowest median tax rate of 0.96%. Understanding how these areas compare with Clarksville provides valuable insights into the varying tax landscape across Howard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarksville Tax Rate
0.96%
Average Howard County Tax Rate
1.04%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarksville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21029 | 0.88% | 0.91% | 0.96% | 1.03% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Clarksville, Maryland
In Clarksville, 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 Howard 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. Assessment notices in Clarksville 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. The median home price in Clarksville is $815,150, with tax bills ranging from $6,215 at the 25th percentile to $12,438 at the 90th percentile. The zip code 21029 has the highest and lowest median tax bill at $7,997. Being aware of these valuation processes in Clarksville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clarksville Assessed Value
$815,150
Average Howard County Assessed Value
$465,650
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarksville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21029 | $457,040 | $626,150 | $815,150 | $984,700 | $1,329,130 |
Source: Ownwell
Property Tax Bills Across Clarksville, Maryland
In Clarksville, MD, located in Howard County, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property assessor. This assessed value is a percentage of the market value of the property. Clarksville homeowners face a median property tax rate of 0.99%, aligning with the national median rate. For a median home price of $815,150, property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $6,215, while those at the 75th percentile could see bills as high as $9,376. At the 90th percentile, tax bills can reach up to $12,438. The highest median tax bill in the area is $7,997, which is consistent across the zip code 21029. These tax bills fund essential local services such as schools, public safety, and infrastructure. Consequently, property taxes significantly impact homeowners' finances, influencing decisions on home buying and long-term residency in Clarksville.
Average Clarksville Tax Bill
$7,997
Average Howard County Tax Bill
$4,834
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarksville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21029 | $5,044 | $6,215 | $7,997 | $9,376 | $12,438 |
Source: Ownwell