St James, Washington County, Maryland Property Taxes
The median property tax rate in St James, MD is 1.00%, slightly above the national median of 0.99% but below the Maryland state median of 1.06%. With the median home value in St James, the typical annual property tax bill amounts to $1,815, which is below the national median of $2,690. Property taxes in St James are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding St James'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 St James or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
St James, Washington County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$1,746
$1,620
Ownwell’s St James Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in St James with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in St James 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 St James, Washington County, Maryland
Property taxes in St. James, Maryland, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in St. James is 1.00%, higher than the U.S. national median of 0.99%. Local government entities within St. James set these rates annually, and they can vary significantly across different neighborhoods. Each year, St. James 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 St. James's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21733 zip code has the highest median property tax rate of 1.00%, while the 21733 zip code also has the lowest median tax rate of 1.00%. Understanding how these cities compare with St. James 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 St James 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 St James, Washington County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21733 | 0.98% | 0.99% | 1.00% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across St James, Washington County, Maryland
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in St. James, Maryland. 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 St. James, 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 St. James helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In St. James, the median home price is $174,550. The 25th percentile tax bill stands at $1,607, while the 75th percentile tax bill is $3,129. The highest and lowest median tax bills are both $1,815 in the zip code 21733.
Property Tax Assessment Values Across St James, Washington County, Maryland
Source: Ownwell
$99,000
$213,775
$328,550
Average St James Assessed Value
$174,550
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 St James, Washington County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21733 | $150,180 | $162,750 | $174,550 | $313,050 | $327,240 |
Source: Ownwell
Property Tax Bills Across St James, Washington County, Maryland
In St. James, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, reflecting what the property would sell for under normal conditions. Factors such as location, property size, and home improvements can influence this assessed value. For homeowners in St. James, the median home price is $174,550. Property tax bills in the area range significantly, with the 25th percentile at $1,607 and the 75th percentile reaching $3,129. The 90th percentile tax bill is $3,389, indicating that higher-valued properties can see much larger tax obligations. Compared to the national median property tax rate of 0.99%, the tax landscape in St. James offers a varied picture for homeowners. Understanding these nuances is crucial for homeowners to anticipate their annual tax liabilities and budget accordingly. The highest and lowest median tax bills in the area are both $1,815, occurring in the 21733 zip code.
Average St James Tax Bill
$1,815
Average Washington County Tax Bill
$1,934
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across St James, Washington County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21733 | $1,503 | $1,607 | $1,815 | $3,129 | $3,389 |
Source: Ownwell