Ingleside, Maryland Property Taxes
The median property tax rate in Ingleside, MD is 0.82%, which is lower than both the national median of 0.99% and Maryland's state median of 1.06%. With a median home value of $297,500 in Ingleside, the typical annual property tax bill amounts to $2,257, falling below the national median of $2,690. Property taxes in Ingleside are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural use. By understanding Ingleside's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Ingleside or another part of Queen Anne's County, a thorough grasp of the local property tax system is essential for financial planning and investment success.
Last Updated June 14, 2024
Ingleside, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$2,439
Ownwell’s Ingleside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ingleside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ingleside 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 Ingleside, Maryland
Property taxes in Ingleside, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ingleside is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Ingleside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ingleside 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 Ingleside's effective property tax rate to other counties in Maryland and the national median. For comparison, the zip code 21644 has both the highest and lowest median property tax rate of 0.82%. Understanding how these cities compare with Ingleside 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 Ingleside Tax Rate
0.82%
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 Ingleside, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21644 | 0.73% | 0.78% | 0.82% | 0.83% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Ingleside, Maryland
In Ingleside, 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 Assessment Office 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 Ingleside, 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 Ingleside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Ingleside are both $2,257, found in the 21644 zip code.
Average Ingleside Assessed Value
$297,500
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 Ingleside, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21644 | $190,720 | $233,800 | $297,500 | $418,100 | $636,660 |
Source: Ownwell
Property Tax Bills Across Ingleside, Maryland
In Ingleside, Queen Anne's County, MD, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local tax assessors who evaluate the market value of the property. Homeowners in Ingleside can expect a range of property tax bills depending on their property's assessed value. For example, the 25th percentile tax bill is around $1,860, while the 75th percentile tax bill can reach up to $3,218. The highest tax bills, in the 90th percentile, can soar to $5,319. Comparatively, the median property tax rate in Ingleside is higher than the national median property tax rate of 0.99%. This impacts homeowners by potentially increasing their annual financial obligations. Factors such as property size, location, and market conditions are all considered in the assessment process. This means that two similar properties could have different tax bills based on these factors. Understanding these elements can help homeowners anticipate and manage their property tax liabilities more effectively.
Average Ingleside Tax Bill
$2,257
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 Ingleside, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21644 | $1,595 | $1,860 | $2,257 | $3,218 | $5,319 |
Source: Ownwell