Girdletree, Maryland Property Taxes
The median property tax rate in Girdletree, MD is 0.72%, which is lower than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Girdletree at $139,000, the typical annual property tax bill amounts to $906, significantly below the national median of $2,690. Property taxes in Girdletree are determined based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Girdletree's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Girdletree or another part of Worcester County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Girdletree, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,001
Ownwell’s Girdletree Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Girdletree with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Girdletree 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 Girdletree, Maryland
Property taxes in Girdletree, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Girdletree is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Girdletree set these rates annually, and they can vary significantly across different neighborhoods. Each year, Girdletree 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 Girdletree's effective property tax rate to other areas in Worcester County and the national median. For comparison, the zip code 21829 has both the highest and lowest median property tax rate of 0.72%. Understanding how these areas compare with Girdletree provides valuable insights into the varying tax landscape across Worcester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Girdletree Tax Rate
0.72%
Average Worcester County Tax Rate
1.41%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Girdletree, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21829 | 0.55% | 0.64% | 0.72% | 0.80% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Girdletree, Maryland
In Girdletree, 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 Worcester 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 Girdletree, 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. The median home price in Girdletree is $139,000, with tax bills ranging from $651 at the 25th percentile to $2,171 at the 90th percentile. Interestingly, the zip code 21829 has both the highest and lowest median tax bills, each at $906. 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 Girdletree helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Girdletree Assessed Value
$139,000
Average Worcester County Assessed Value
$251,400
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Girdletree, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21829 | $77,420 | $100,400 | $139,000 | $189,900 | $280,100 |
Source: Ownwell
Property Tax Bills Across Girdletree, Maryland
In Girdletree, located in Worcester 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 Girdletree can expect their tax bills to vary significantly based on the assessed value of their homes and the local tax rate. For instance, the median home price in Girdletree is $139,000. Property tax bills in this area range widely, with the 25th percentile at $651 and the 75th percentile reaching $1,439. At the higher end, the 90th percentile sees tax bills as high as $2,171. The median tax bill in the area is $906, which is below the national median property tax rate of 0.99%. These property taxes are crucial as they fund local services such as schools, public safety, and infrastructure. For homeowners, understanding these factors is essential for financial planning and evaluating the overall cost of homeownership in Girdletree.
Average Girdletree Tax Bill
$906
Average Worcester County Tax Bill
$2,901
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Girdletree, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21829 | $530 | $651 | $906 | $1,439 | $2,171 |
Source: Ownwell