Maugansville, Washington County, Maryland Property Taxes
The median property tax rate in Maugansville, MD is 0.86%, which is notably lower than both the national median of 0.99% and the Maryland state median of 1.06%. With a median home value of $207,700 in Maugansville, the typical annual property tax bill amounts to $1,781, which is below the national median of $2,690. Property taxes in Maugansville are determined based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Maugansville'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 Maugansville or another part of the city, a thorough grasp of the local property tax system can offer substantial financial benefits.
Last Updated June 14, 2024
Maugansville, Washington County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,786
$1,658
Ownwell’s Maugansville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maugansville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maugansville 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 Maugansville, Washington County, Maryland
Property taxes in Maugansville, Maryland, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Maugansville is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Maugansville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maugansville 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 Maugansville's effective property tax rate to other areas in Washington County and the national median. For comparison, the zip code 21767 has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these cities compare with Maugansville 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 Maugansville Tax Rate
0.86%
Average Washington County Tax Rate
0.92%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maugansville, Washington County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21767 | 0.75% | 0.81% | 0.86% | 0.91% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Maugansville, Washington County, Maryland
In Maugansville, 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 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 Maugansville, 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. For instance, the median home price in Maugansville is $207,700, with the 25th percentile tax bill at $1,535 and the 75th percentile at $2,021. 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 Maugansville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Maugansville, Washington County, Maryland
Source: Ownwell
$99,000
$213,775
$328,550
Average Maugansville Assessed Value
$207,700
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 Maugansville, Washington County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21767 | $158,200 | $176,850 | $207,700 | $242,650 | $291,300 |
Source: Ownwell
Property Tax Bills Across Maugansville, Washington County, Maryland
In Maugansville, located in Washington 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 this area can expect their property tax to be influenced by several factors, including the median home price, which is $207,700. The tax bill for properties in Maugansville varies significantly. At the 25th percentile, homeowners pay around $1,535 annually, while at the 75th percentile, the tax bill rises to approximately $2,021. For those at the 90th percentile, the tax bill can reach up to $2,302. This range indicates how property tax liabilities can differ based on property values and specific assessments. Compared to the national median property tax rate of 0.99%, Maugansville's rates suggest a moderately higher tax burden for homeowners. These property taxes fund essential community services and infrastructure, impacting the overall cost of homeownership in the area.
Average Maugansville Tax Bill
$1,781
Average Washington County Tax Bill
$1,934
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Maugansville, Washington County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21767 | $1,368 | $1,535 | $1,781 | $2,021 | $2,302 |
Source: Ownwell