Sabillasville, Maryland Property Taxes
The median property tax rate in Sabillasville, MD is 1.00%, slightly higher than the national median of 0.99% but lower than the Maryland state median of 1.06%. With the median home value in Sabillasville at $241,050, the typical annual property tax bill is $2,412, which is below the national median of $2,690. Property taxes in Sabillasville are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sabillasville'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 Sabillasville 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
Sabillasville, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$2,411
Ownwell’s Sabillasville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sabillasville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sabillasville 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 Sabillasville, Maryland
Property taxes in Sabillasville, Maryland, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Sabillasville is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Sabillasville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sabillasville 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. Understanding how these cities compare with Sabillasville 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 Sabillasville Tax Rate
1.00%
Average Washington County Tax Rate
0.92%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sabillasville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21780 | 0.95% | 0.98% | 1.00% | 1.02% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Sabillasville, Maryland
In Sabillasville, 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. In Sabillasville, 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 Sabillasville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Sabillasville's highest and lowest median tax bills both fall at $2,412 in the 21780 zip code, compared to the national median property tax rate of 0.99%.
Average Sabillasville Assessed Value
$241,050
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 Sabillasville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21780 | $111,060 | $162,700 | $241,050 | $303,925 | $373,210 |
Source: Ownwell
Property Tax Bills Across Sabillasville, Maryland
In Sabillasville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Sabillasville, located in Washington County, MD, can expect their tax bills to vary significantly. For example, the tax bill at the 25th percentile is $1,739, while at the 75th percentile, it reaches $2,952. Those at the 90th percentile see bills as high as $3,680. These tax bills are influenced by several factors, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions that homeowners might qualify for. In comparison to the national median property tax rate of 0.99%, Sabillasville's tax rates can be relatively high, impacting homeowners' annual expenses. Understanding these factors is crucial for homeowners as it directly affects their financial planning and overall cost of homeownership.
Average Sabillasville Tax Bill
$2,412
Average Washington County Tax Bill
$1,934
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Sabillasville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21780 | $1,320 | $1,739 | $2,412 | $2,952 | $3,680 |
Source: Ownwell