Frostburg, Allegany County, Maryland Property Taxes
Median Frostburg, MD effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Frostburg, MD home value: $126,000
Median annual Frostburg, MD tax bill: $1,115, $1,285 lower than the national median property tax bill of $2,400.
How are property taxes in Allegany calculated?
Property taxes in Frostburg, 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 Frostburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Frostburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Frostburg, Allegany County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$1,121
$1,041
Property Tax Rates Across Frostburg, Allegany County, Maryland
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county's annual estimation of its required budget to provide services, divided by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Though votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Frostburg, located in Allegany County, the effective property tax rate stands at 0.89%. This rate is notably below the national median property tax rate of 1.02%. Compared to other cities in Maryland, Frostburg's rate is competitive, reflecting the county's efficient budgeting and property value assessments. The median property tax bill in Frostburg is likely to be lower than the national median of $2,400, providing residents with a financial advantage.
Understanding how these rates are determined can empower property owners to make informed decisions and potentially benefit from appealing their property taxes or seeking exemptions.
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 Frostburg Tax Rate
0.89%
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 Frostburg, Allegany County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21532 | 0.81% | 0.85% | 0.89% | 0.93% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Frostburg, Allegany County, Maryland
When examining property taxes in Frostburg, 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 Frostburg. For example, the median home price in Frostburg is $126,000, with tax bills ranging significantly across the county. Zip code 21532 has the highest median home price at $126,000.
Property Tax Assessment Values Across Frostburg, Allegany County, Maryland
Source: Ownwell
$28,400
$110,225
$192,050
Median Frostburg Market Value
$126,000
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 Frostburg, Allegany County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21532 | $67,530 | $90,600 | $126,000 | $184,600 | $258,500 |
Source: Ownwell
Property Tax Bills Across Frostburg, Allegany County, Maryland
Median Frostburg Tax Bill
$1,115
Median Allegany County Tax Bill
$978
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across Frostburg, Allegany County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21532 | $607 | $795 | $1,115 | $1,661 | $2,301 |
Source: Ownwell