Cumberland, Allegany County, Maryland Property Taxes
Median Cumberland, MD effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Cumberland, MD home value: $96,300
Median annual Cumberland, MD tax bill: $929, $1,471 lower than the national median property tax bill of $2,400.
How are property taxes in Allegany calculated?
Property taxes in Cumberland, MD are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Cumberland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cumberland, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cumberland, Allegany County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$896
$831
Property Tax Rates Across Cumberland, Allegany County, Maryland
Local government entities are responsible for setting tax rates, which can vary significantly within Maryland. Annually, each county calculates its necessary budget to provide essential services and divides that by the total value of all taxable property in its area. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Cumberland, located in Allegany County, the effective property tax rate aligns with the county's median rate of 0.93%. This rate is slightly below the national median property tax rate of 1.02%, offering a more favorable tax environment compared to the national average. The highest and lowest median tax rates in Allegany County are also recorded at 0.93%, indicating a consistent rate across the region.
When considering property tax rates, Cumberland presents a competitive option within Maryland, especially when compared to the national landscape. This can be an attractive factor for property owners and potential buyers looking for a balanced tax rate that supports local services without exceeding the national median.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cumberland Tax Rate
0.93%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Allegany County Tax Rate
0.93%
Median Effective Maryland Tax Rate
1.06%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cumberland, Allegany County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21502 | 0.91% | 0.93% | 0.93% | 1.03% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Cumberland, Allegany County, Maryland
When examining property taxes in Cumberland, MD, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Allegany County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Allegany County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cumberland. For example, the median home price in Cumberland is $96,300, with tax bills ranging significantly across the county. The zip code 21502 has the highest median home price at $96,300.
Property Tax Assessment Values Across Cumberland, Allegany County, Maryland
Source: Ownwell
$28,400
$110,225
$192,050
Median Cumberland Market Value
$96,300
Median Allegany County Market Value
$102,400
Median Maryland Market Value
$317,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cumberland, Allegany County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21502 | $38,000 | $61,100 | $96,300 | $151,000 | $210,700 |
Source: Ownwell
Property Tax Bills Across Cumberland, Allegany County, Maryland
Median Cumberland Tax Bill
$929
Median Allegany County Tax Bill
$978
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across Cumberland, Allegany County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21502 | $356 | $581 | $929 | $1,464 | $2,055 |
Source: Ownwell