Taneytown, Carroll County, Maryland Property Taxes

Name: Property Tax Bills Across Taneytown, Carroll County, Maryland
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Taneytown, MD effective property tax rate: 1.50%, significantly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Taneytown, MD home value: $262,750
Median annual Taneytown, MD tax bill: $3,641, $1,241 higher than the national median property tax bill of $2,400.

How are property taxes in Carroll calculated?

Property taxes in Taneytown, 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 Taneytown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Taneytown, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Taneytown, Carroll County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.5%

Estimate Property Tax Bill

$3,941

$3,657

Ownwell’s Taneytown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Taneytown with just two data points. By entering your property's estimated assessed value, our calculator applies Taneytown’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Carroll County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Taneytown, Carroll County, Maryland

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation arises because each county annually estimates its budget requirements to fund essential services and divides this figure by the total assessed value of all taxable properties within its jurisdiction. This calculation determines the property tax rate. While tax rates and budgets are influenced by votes and legislation, this is essentially how the process works each year.

In Taneytown, located in Carroll County, Maryland, the effective property tax rate is a crucial aspect for homeowners to consider. When comparing Taneytown's tax rate to other cities within Maryland, it aligns with the state's median rate. However, it is notably higher than the national median property tax rate of 1.02%. This means that homeowners in Taneytown may experience a higher property tax bill compared to the national average. Understanding these rates can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Taneytown, Carroll County, Maryland

Source: Ownwell

0.97%

1.24%

1.50%

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 Taneytown Tax Rate

1.50%

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 Taneytown, Carroll County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
21787	1.13%	1.13%	1.50%	1.50%	1.50%

Source: Ownwell

Property Tax Assessment Values Across Taneytown, Carroll County, Maryland

When examining property taxes in Taneytown, 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 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. Assessment notices: 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 Taneytown. For example, the median home price in Taneytown is $262,750, with tax bills ranging significantly across the county. Zip code 21787 has the highest median home price at $262,750.

Property Tax Assessment Values Across Taneytown, Carroll County, Maryland

Source: Ownwell

$231,600

$351,650

$471,700

Median Taneytown Market Value

$262,750

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 Taneytown, Carroll County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
21787	$141,870	$208,925	$262,750	$325,900	$379,560

Source: Ownwell

Property Tax Bills Across Taneytown, Carroll County, Maryland

In Taneytown, Carroll County, MD, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The median home price in this area is $262,750, which significantly influences the tax bill. Homeowners in Taneytown can expect their property tax bill to range widely, with the 25th percentile at $2,670 and the 75th percentile reaching $4,474. Interestingly, the highest and lowest median tax bills both stand at $3,641 in the 21787 zip code, reflecting a uniformity in tax assessments. Compared to the national median property tax bill of $2,400, Taneytown's figures are notably higher, impacting homeowners' financial planning. Ownwell offers valuable assistance to homeowners by providing expert property tax appeal and exemption services. By analyzing the property's assessed value and comparing it with market trends, Ownwell helps identify potential savings, ensuring homeowners pay only their fair share. This service not only alleviates financial burdens but also offers peace of mind in managing property tax obligations effectively.

Property Tax Bills Across Taneytown, Carroll County, Maryland

Source: Ownwell

$2,811

$3,986

$5,160

Median Taneytown Tax Bill

$3,641

Median Carroll County Tax Bill

$3,882

Median Maryland Tax Bill

$3,419

Median United States Tax Bill

$2,400

Property Tax Bills Across Taneytown, Carroll County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
21787	$2,024	$2,670	$3,641	$4,474	$5,289

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Carroll Tax Assessor
Website	sdat.dat.maryland.gov