Crumpton, Maryland Property Taxes
The median property tax rate in Crumpton, MD is 0.79%, which is notably lower than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Crumpton, the typical annual property tax bill amounts to $1,773, falling below the national median of $2,690. Property taxes in Crumpton are determined based on the tax assessed value, which often comes in lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Crumpton's property tax system, exploring available exemptions, and seeking opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're residing in the heart of Crumpton or another part of Queen Anne's County, gaining insight into the local property tax system can greatly benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crumpton, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$1,819
$1,688
Ownwell’s Crumpton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crumpton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crumpton 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 Crumpton, Maryland
Property taxes in Crumpton, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crumpton is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Crumpton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crumpton 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 Crumpton's effective property tax rate to other counties in Maryland and the national median. For comparison, the zip code 21628 has both the highest and lowest median property tax rate of 0.79%. Understanding how these cities compare with Crumpton provides valuable insights into the varying tax landscape across Queen Anne's County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crumpton Tax Rate
0.79%
Average Queen Anne's County Tax Rate
0.94%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crumpton, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21628 | 0.72% | 0.76% | 0.79% | 0.84% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Crumpton, Maryland
In Crumpton, 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 Queen Anne's 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 Crumpton, 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 Crumpton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Crumpton are both $1,773, specifically in the zip code 21628.
Average Crumpton Assessed Value
$230,250
Average Queen Anne's County Assessed Value
$361,000
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crumpton, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21628 | $129,940 | $175,000 | $230,250 | $332,775 | $408,650 |
Source: Ownwell
Property Tax Bills Across Crumpton, Maryland
In Crumpton, located in Queen Anne's County, MD, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Crumpton can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $1,355, while at the 75th percentile, it rises to $2,512, and at the 90th percentile, it reaches $3,564. The median home price in Crumpton is $230,250, and the median property tax rate in the area is notably higher than the national median rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure. Consequently, higher property taxes can impact homeowners by increasing their overall cost of homeownership, which can influence decisions on purchasing or maintaining a property in the area.
Average Crumpton Tax Bill
$1,773
Average Queen Anne's County Tax Bill
$3,399
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Crumpton, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21628 | $924 | $1,355 | $1,773 | $2,512 | $3,564 |
Source: Ownwell