Dayton, Howard County, Maryland Property Taxes
Median Dayton, MD effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the Maryland state median of 1.06%. Median Dayton, MD home value: $795,200. Median annual Dayton, MD tax bill: $6,733, $4,333 higher than the national median property tax bill of $2,400.
How are property taxes in Howard calculated?
Property taxes in Dayton, MD are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Dayton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Dayton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Dayton, Howard County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$7,157
$6,641
Property Tax Rates Across Dayton, Howard County, Maryland
Local government entities set property tax rates, which can vary significantly even within a state. Each county estimates its required budget to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Dayton, Howard County, the effective property tax rate is a reflection of this process. Comparing Dayton's rate to other cities in Maryland and the U.S. highlights the variations in property taxation. Maryland's median property tax rate is slightly below the national median of 1.02%, which can impact homeowners differently depending on their location within the state. Dayton's property tax rate aligns with the state’s median, offering a glimpse into how local governance and budgeting priorities influence the financial obligations of property owners. By understanding these differences, property owners can better navigate their tax responsibilities and make informed decisions about property investments.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Dayton Tax Rate
0.90%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Howard County Tax Rate
1.04%
Median Effective Maryland Tax Rate
1.06%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Dayton, Howard County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21036 | 0.73% | 0.80% | 0.90% | 0.95% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Dayton, Howard County, Maryland
When examining property taxes in Dayton, MD, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Howard County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Howard County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Dayton. For example, the median home price in Dayton is $795,200, with tax bills ranging significantly across the county. 21036 has the highest median home price at $795,200.
Property Tax Assessment Values Across Dayton, Howard County, Maryland
Source: Ownwell
$333,000
$623,400
$913,800
Median Dayton Market Value
$795,200
Median Howard County Market Value
$465,650
Median Maryland Market Value
$317,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Dayton, Howard County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21036 | $494,710 | $605,825 | $795,200 | $1,086,675 | $1,285,690 |
Source: Ownwell
Property Tax Bills Across Dayton, Howard County, Maryland
Property tax bills in Dayton, located in Howard County, MD, are calculated based on the assessed value of a property, which is determined by local assessors. The region's tax rate is applied to this assessed value, resulting in the annual tax bill. Homeowners in Dayton experience a median tax bill of $6,733, significantly higher than the national median of $2,400. Factors such as property size, location, and market conditions influence the assessed value, impacting the tax bill. For homeowners, this can mean a substantial financial burden, especially when compared to the national median property tax rate of 1.02%.
Ownwell offers a solution for homeowners looking to reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell helps ensure that homeowners are not overpaying. Our team of professionals reviews property assessments, identifies discrepancies, and files appeals on behalf of homeowners, potentially leading to significant savings. With our expertise, homeowners in Dayton can achieve fair property tax assessments and alleviate the financial strain of high tax bills.
Median Dayton Tax Bill
$6,733
Median Howard County Tax Bill
$4,834
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across Dayton, Howard County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21036 | $4,689 | $5,513 | $6,733 | $8,627 | $10,502 |
Source: Ownwell