Chewsville, Maryland Property Taxes
The median property tax rate in Chewsville, MD is 1.02%, slightly above the national median of 0.99% but below the Maryland state median of 1.06%. With the median home value in Chewsville at $99,000, the typical annual property tax bill amounts to $954, which is lower than the national median of $2,690. Property taxes in Chewsville are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Chewsville'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 Chewsville or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chewsville, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,010
$937
Ownwell’s Chewsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chewsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chewsville 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 Chewsville, Maryland
Property taxes in Chewsville, Maryland, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chewsville is 1.02%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Chewsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chewsville 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 Chewsville's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21721 zip code has the highest median property tax rate of 1.02%, while the 21721 zip code also has the lowest median tax rate of 1.02%. Understanding how these areas compare with Chewsville provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chewsville Tax Rate
1.02%
Average Washington County Tax Rate
0.92%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chewsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21721 | 0.99% | 1.01% | 1.02% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Chewsville, Maryland
In Chewsville, 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 Washington 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. 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 Chewsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 21721, with a median tax bill of $954.
Average Chewsville Assessed Value
$99,000
Average Washington County Assessed Value
$219,600
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chewsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21721 | $63,380 | $71,650 | $99,000 | $143,800 | $158,940 |
Source: Ownwell
Property Tax Bills Across Chewsville, Maryland
Property tax bills in Chewsville, Washington County, MD, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor's office, reflecting the property's market value. Chewsville's median home price is $99,000, which provides a baseline for the tax calculation. Homeowners in Chewsville face varying property tax bills. For instance, the tax bill at the 25th percentile is $706, while at the 75th percentile, it climbs to $1,439. The 90th percentile tax bill is $1,541. These figures illustrate the range of property tax burdens homeowners might experience, influenced by factors such as property size, location, and improvements. Comparatively, the national median property tax rate is 0.99%. Chewsville's tax bills reflect a localized approach to property taxation, ensuring that homeowners contribute fairly to community resources and services. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Chewsville Tax Bill
$954
Average Washington County Tax Bill
$1,934
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Chewsville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21721 | $645 | $706 | $954 | $1,439 | $1,541 |
Source: Ownwell