Mc Henry, Garrett County, Maryland Property Taxes
Median MC HENRY, MD effective property tax rate: 1.34%, significantly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median MC HENRY, MD home value: $335,000
Median annual MC HENRY, MD tax bill: $4,211, $1,811 higher than the national median property tax bill of $2,400.
How are property taxes in Garrett County calculated?
Property taxes in MC HENRY, 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 MC HENRY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MC HENRY, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mc Henry, Garrett County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.34%
Estimate Property Tax Bill
$4,489
$4,166
Property Tax Rates Across Mc Henry, Garrett County, Maryland
Local government entities determine tax rates, which can significantly differ within a state. This variation is due to each county's annual estimation of its budgetary needs to provide public services, which is then divided by the total assessed value of all taxable properties in the area. This calculation determines the property tax rate. Although setting tax rates and budgets involves votes and regulations, this is essentially the yearly procedure.
In MC HENRY, located in Garrett County, MD, the effective property tax rate is 1.34%, which is above the national median of 1.02%. This rate is consistent across the county and demonstrates the local government's commitment to funding essential services. When compared to the national median property tax bill of $2,400, MC HENRY's tax rate reflects the region's specific fiscal requirements.
Understanding these rates can help property owners anticipate their annual tax obligations and make informed decisions about property investments in MC HENRY and the wider Maryland area.
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 Mc Henry Tax Rate
1.34%
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 Garrett County Tax Rate
1.17%
Median Effective Maryland Tax Rate
1.06%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mc Henry, Garrett County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21541 | 1.18% | 1.19% | 1.34% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Mc Henry, Garrett County, Maryland
When examining property taxes in MC HENRY, 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 Garrett 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 Garrett 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 MC HENRY.
For example, the median home price in MC HENRY is $335,000, with tax bills ranging significantly across the county. 21541 has the highest median home price at $335,000.
Property Tax Assessment Values Across Mc Henry, Garrett County, Maryland
Source: Ownwell
$40,850
$199,375
$357,900
Median Mc Henry Market Value
$335,000
Median Garrett County Market Value
$165,700
Median Maryland Market Value
$317,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mc Henry, Garrett County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21541 | $129,340 | $200,000 | $335,000 | $558,150 | $811,960 |
Source: Ownwell
Property Tax Bills Across Mc Henry, Garrett County, Maryland
In McHenry, located in Garrett County, MD, property tax bills are calculated based on the assessed value of a home. The median home price here is $335,000. The property tax rate is applied to this assessed value to determine the tax bill. Various factors influence this calculation, including market conditions and any applicable exemptions. Homeowners in McHenry face a median tax bill of $4,211, which is significantly above the national median of $2,400. This high tax bill can be burdensome, especially for those in the 90th percentile, where bills can reach $10,145.
Ownwell assists homeowners by offering property tax appeal services, helping to ensure that their homes are not over-assessed. By analyzing local market trends and comparable property values, Ownwell identifies opportunities for tax reductions, potentially saving homeowners a considerable amount on their tax bills. With expert guidance, homeowners can navigate the complexities of property tax assessments and secure the most favorable outcome.
Median Mc Henry Tax Bill
$4,211
Median Garrett County Tax Bill
$1,945
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across Mc Henry, Garrett County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21541 | $1,524 | $2,666 | $4,211 | $7,191 | $10,145 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
|---|
Links | |
|---|---|
| Garrett Tax Assessor | |
| Website | sdat.dat.maryland.gov |