Marriottsville, Maryland Property Taxes
The median property tax rate in Marriottsville, MD is 1.06%, which is higher than the national median of 0.99% but aligns with the Maryland state median of 1.06%. With a median home value of $597,850 in Marriottsville, the typical annual property tax bill amounts to $6,406, significantly surpassing the national median of $2,690. Property taxes in Marriottsville are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Marriottsville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Marriottsville or another part of Howard County, becoming familiar with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marriottsville, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$6,337
$5,881
Ownwell’s Marriottsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marriottsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marriottsville 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 Marriottsville, Maryland
Property taxes in Marriottsville, Maryland, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Marriottsville is 1.06%, which is higher than the U.S. national median of 0.99%. Local government entities within Marriottsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marriottsville 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 Marriottsville's effective property tax rate to other areas in Maryland and the national median. For comparison, the zip code 21104 has the highest median property tax rate of 1.06%, while the lowest median tax rate is also 1.06%. Understanding how these areas compare with Marriottsville 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 Marriottsville Tax Rate
1.06%
Average Howard County Tax Rate
1.04%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marriottsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21104 | 1.01% | 1.04% | 1.06% | 1.09% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Marriottsville, Maryland
In Marriottsville, 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. In Marriottsville, 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. The median home price in Marriottsville is $597,850, with tax bills ranging from $5,226 at the 25th percentile to $8,900 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Marriottsville, Maryland
Source: Ownwell
$289,100
$601,450
$913,800
Average Marriottsville Assessed Value
$597,850
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 Marriottsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21104 | $310,800 | $466,575 | $597,850 | $742,025 | $848,100 |
Source: Ownwell
Property Tax Bills Across Marriottsville, Maryland
In Marriottsville, located in Howard County, MD, property tax bills are calculated based on the assessed value of a property. The county assesses the market value of homes and applies the local property tax rate to determine the annual tax bill. For homeowners in Marriottsville, the median home price is $597,850. The property tax bill can vary significantly, with the 25th percentile at $5,226 and the 75th percentile at $8,019. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. The highest median tax bill in the area is $6,406, which is notably higher than the national median property tax rate of 0.99%. These taxes fund essential public services such as schools, infrastructure, and emergency services. Homeowners should be aware of these factors as they can significantly impact their annual financial obligations and the overall cost of owning property in Marriottsville.
Average Marriottsville Tax Bill
$6,406
Average Howard County Tax Bill
$4,834
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Marriottsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21104 | $3,833 | $5,226 | $6,406 | $8,019 | $8,900 |
Source: Ownwell