West Friendship, Howard County, Maryland Property Taxes
Median West Friendship, MD effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median West Friendship, MD home value: $734,050
Median annual West Friendship, MD tax bill: $7,743, $5,343 higher than the national median property tax bill of $2,400.
How are property taxes in Howard County calculated?
Property taxes in West Friendship, 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 West Friendship’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in West Friendship, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
West Friendship, Howard County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.05%
Estimate Property Tax Bill
$7,708
$7,152
Property Tax Rates Across West Friendship, Howard County, Maryland
Local government entities set property tax rates, which can vary significantly within a state. Each year, counties determine their necessary budget to provide essential services and divide this figure by the total value of all taxable property within their jurisdiction. This process results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the fundamental annual procedure.
Consider West Friendship in Howard County, Maryland. Its effective property tax rate provides an interesting comparison to other cities within Maryland and the national landscape. Maryland's median property tax rate is slightly above the national median, reflecting the state's unique fiscal requirements and property values. In West Friendship, the tax rate aligns with the county's median, showcasing a consistent approach to taxation within the region. This consistency offers residents a predictable tax environment, which can be beneficial for financial planning. Comparing these rates to both state and national medians provides valuable insight into how local tax burdens align with broader trends, helping property owners make informed decisions.
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 West Friendship Tax Rate
1.05%
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 West Friendship, Howard County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21794 | 0.89% | 1.02% | 1.05% | 1.09% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across West Friendship, Howard County, Maryland
When examining property taxes in West Friendship, 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 assessment office 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.
Assessment notices: 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 West Friendship. For example, the median home price in West Friendship is $734,050, with tax bills ranging significantly across the county. Zip code 21794 has the highest median home price at $734,050.
Property Tax Assessment Values Across West Friendship, Howard County, Maryland
Source: Ownwell
$333,000
$623,400
$913,800
Median West Friendship Market Value
$734,050
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 West Friendship, Howard County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21794 | $454,710 | $609,725 | $734,050 | $921,225 | $1,090,730 |
Source: Ownwell
Property Tax Bills Across West Friendship, Howard County, Maryland
In West Friendship, Howard County, MD, property tax bills are calculated based on the assessed value of a home. With a median home price of $734,050, homeowners in this area face tax bills that can vary significantly. The tax bill at the 25th percentile is $6,343, while it rises to $9,718 at the 75th percentile, and reaches $11,403 at the 90th percentile. The median tax bill here is notably higher than the national median of $2,400, reflecting the area's higher property values. Factors influencing these tax bills include the home's assessed value and the local tax rate. Higher assessed values typically result in higher tax bills, impacting homeowners' financial planning.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners potentially reduce their tax burdens. This service can lead to significant savings, offering financial relief and peace of mind to property owners in West Friendship.
Median West Friendship Tax Bill
$7,743
Median Howard County Tax Bill
$4,834
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across West Friendship, Howard County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21794 | $4,987 | $6,343 | $7,743 | $9,718 | $11,403 |
Source: Ownwell