Property Taxes in Hampstead, Maryland
Median Hampstead, Maryland effective property tax rate: 1.10%, significantly lower than the national median of 1.02%, and lower than the Maryland state median of 1.21%.
Median Hampstead, Maryland home value: $318,400
Median annual Hampstead, Maryland tax bill: $3,523, $1,123 higher than the national median property tax bill of $2,400.
How are property taxes in Carroll calculated?
Property taxes in Hampstead, Maryland 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 April 13, 2026
How Does the Hampstead Property Tax Calculator Work?
Use this Hampstead property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Hampstead's median effective tax rate of 1.10% — based on actual property records in Carroll County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment authority uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Hampstead's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Hampstead: rates range from 1.10% in 21074 to 1.10% in 21074, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Hampstead.
About Hampstead Property Taxes
About Property Taxes in Hampstead, Carroll, Maryland
Hampstead’s median effective property tax rate of 1.10% is lower than the Maryland state median of 1.21% and higher than the national median of 1.02%. This rate reflects the Carroll County base levy combined with local school district levies and special taxing districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Hampstead. Homeowners in the 21074 ZIP code carry a median effective rate of 1.10%, while those in the same ZIP code also pay 1.10%. This reflects how school district boundaries and local assessment districts are drawn across Carroll County. Understanding which part of Hampstead you live in can make a meaningful difference to your annual tax bill.
Hampstead homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the February 13, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Hampstead, Carroll County, Maryland
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Hampstead's effective property tax rate to other cities in Maryland and the median property tax rates in Maryland and the U.S.
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
1.10%
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
1.13%
Median Effective Maryland Tax Rate
1.21%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Hampstead, Carroll County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21074 | 1.00% | 1.05% | 1.10% | 1.25% | 1.28% |
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 assessment office 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.
Assessment notices:
In Carroll County, assessment notices are sent in December each year. They'll typically reach your mailbox by the middle of December.
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 $318,400, with tax bills ranging significantly across the county. 21074 has the highest median home price at $318,400.
Property Tax Assessment Values Across Hampstead, Carroll County, Maryland
Source: Ownwell
$295,000
$383,575
$472,150
Median Hampstead Market Value
$318,400
Median Carroll County Market Value
$368,200
Median Maryland Market Value
$338,400
Median United States Market Value
$274,101
Property Tax Assessment Values Across Hampstead, Carroll County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21074 | $200,000 | $250,300 | $318,400 | $396,600 | $500,580 |
Source: Ownwell
Property Tax Bills Across Hampstead, Carroll County, Maryland
Property tax bills in Hampstead are based on the assessed value of a home and the local tax rate set for Carroll County. When a property’s market value rises, the assessed value can increase too, which often leads to a higher tax bill. For a home with a median price of $318,400, the tax bill can vary depending on the assessment and the rate applied.
Homeowners in Hampstead typically see bills that reflect local funding needs for schools, roads, and other public services. The 25th percentile tax bill is $2,926, while the 75th percentile is $4,419 and the 90th percentile is $5,512. The median tax bill is $3,523 in ZIP code 21074, which is above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. This means many homeowners in Hampstead pay more than the typical U.S. homeowner, making it important to understand how assessments affect annual costs.
Median Hampstead Tax Bill
$3,523
Median Carroll County Tax Bill
$4,060
Median Maryland Tax Bill
$4,092
Median United States Tax Bill
$3,209
Property Tax Bills Across Hampstead, Carroll County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21074 | $2,365 | $2,926 | $3,523 | $4,419 | $5,512 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 13 |
Links | |
|---|---|
| Carroll Tax Assessor | |
| Website | sdat.dat.maryland.gov |