Burtonsville, Maryland Property Taxes
The median property tax rate in Burtonsville, MD is 1.10%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Burtonsville at $321,350, the typical annual property tax bill reaches $4,085, exceeding the national median of $2,690. Property taxes in Burtonsville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Burtonsville'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 Burtonsville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burtonsville, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$3,535
Ownwell’s Burtonsville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Burtonsville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Burtonsville to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Burtonsville, Maryland
Property taxes in Burtonsville, Maryland, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burtonsville is 1.10%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Burtonsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burtonsville 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 Burtonsville's effective property tax rate to other counties in Maryland and the national median. For comparison, the 20866 zip code has the highest median property tax rate of 1.10%, while the same 20866 zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Burtonsville provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burtonsville Tax Rate
1.10%
Average Montgomery County Tax Rate
1.11%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burtonsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20866 | 0.93% | 1.03% | 1.10% | 1.28% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Burtonsville, Maryland
In Burtonsville, 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 Montgomery 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 Burtonsville, 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. Being aware of these valuation processes in Burtonsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 20866 has both the highest and lowest median tax bill at $4,085, reflecting the area's overall property tax landscape.
Property Tax Assessment Values Across Burtonsville, Maryland
Source: Ownwell
$110,000
$614,100
$1,118,200
Average Burtonsville Assessed Value
$321,350
Average Montgomery County Assessed Value
$471,000
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burtonsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20866 | $268,600 | $292,700 | $321,350 | $432,600 | $578,100 |
Source: Ownwell
Property Tax Bills Across Burtonsville, Maryland
In Burtonsville, Montgomery County, MD, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors and reflects the market value of the property. Homeowners in Burtonsville typically see a range of tax bills, with the 25th percentile around $3,083 and the 75th percentile reaching approximately $5,155. Those in the 90th percentile may face tax bills as high as $6,792. These tax bills are influenced by several factors, including property size, location, and market conditions. For instance, the median home price in Burtonsville is $321,350, which serves as a baseline for calculating property taxes. Compared to the national median property tax rate of 0.99%, the tax rates in Burtonsville can lead to substantial annual costs for homeowners. Understanding these factors can help residents anticipate their financial obligations and better manage their budgets.
Average Burtonsville Tax Bill
$4,085
Average Montgomery County Tax Bill
$5,416
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Burtonsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20866 | $2,552 | $3,083 | $4,085 | $5,155 | $6,792 |
Source: Ownwell