Hampstead, Carroll County, Maryland Property Taxes
Median Hampstead, MD effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Hampstead, MD home value: $318,000
Median annual Hampstead, MD tax bill: $3,369, $969 higher than the national median property tax bill of $2,400.
How are property taxes in Carroll County calculated?
Property taxes in Hampstead, 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 Hampstead’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hampstead, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hampstead, Carroll County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.04%
Estimate Property Tax Bill
$3,307
$3,069
Property Tax Rates Across Hampstead, Carroll County, Maryland
Local government entities set tax rates, and these can vary significantly within a state. This variation is primarily because each county annually estimates its required budget for providing services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is essentially the annual process.
In Hampstead, located in Carroll County, MD, the effective property tax rate aligns closely with the state's median of 1.04%, which is slightly above the national median of 1.02%. This means that property owners in Hampstead might pay a bit more compared to the national average but are in line with the state’s typical rates. For those considering property investments or homeownership in Hampstead, understanding these rates is crucial, as they directly impact annual property tax bills. Compared to other areas in Maryland, Hampstead's tax rate is representative of the higher end of the spectrum, reflecting the county's budgetary needs and property values.
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 Hampstead Tax Rate
1.04%
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 Carroll County Tax Rate
1.10%
Median Effective Maryland Tax Rate
1.06%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hampstead, Carroll County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21074 | 0.97% | 1.00% | 1.04% | 1.18% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Hampstead, Carroll County, Maryland
When examining property taxes in Hampstead, Maryland, 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 Carroll 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 Carroll 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 Hampstead.
For example, the median home price in Hampstead is $318,000, with tax bills ranging significantly across the county. Zip code 21074 has the highest median home price at $318,000.
Property Tax Assessment Values Across Hampstead, Carroll County, Maryland
Source: Ownwell
$231,600
$351,650
$471,700
Median Hampstead Market Value
$318,000
Median Carroll County Market Value
$347,000
Median Maryland Market Value
$317,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hampstead, Carroll County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21074 | $200,000 | $250,200 | $318,000 | $396,400 | $500,360 |
Source: Ownwell
Property Tax Bills Across Hampstead, Carroll County, Maryland
Median Hampstead Tax Bill
$3,369
Median Carroll County Tax Bill
$3,882
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across Hampstead, Carroll County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21074 | $2,272 | $2,795 | $3,369 | $4,189 | $5,273 |
Source: Ownwell