Oakland, Garrett County, Maryland Property Taxes

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

Median Oakland, MD effective property tax rate: 1.09%, significantly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Oakland, MD home value: $163,500
Median annual Oakland, MD tax bill: $1,898, $502 lower than the national median property tax bill of $2,400.

How are property taxes in Garrett calculated?

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

Last Updated March 1, 2025

Oakland, Garrett County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$1,782

$1,654

Ownwell’s Oakland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Oakland with just two data points. By entering your property's estimated assessed value, our calculator applies Oakland’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 Garrett County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Oakland, Garrett County, Maryland

Local government entities set tax rates, which can vary widely within a state. 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 Oakland’s effective property tax rate to other cities in Maryland and the median property tax rates in Maryland and the U.S. Oakland, located in Garrett County, has a median property tax rate of 1.09%. This is slightly above the national median of 1.02%, indicating a higher tax burden compared to the national average. However, within Maryland, this rate is consistent, as both the highest and lowest median tax rates in the state are also 1.09%. Understanding these rates can help property owners make informed decisions about property investments and tax appeals.

Property Tax Rates Across Oakland, Garrett County, Maryland

Source: Ownwell

0.95%

1.16%

1.36%

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 Oakland Tax Rate

1.09%

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 Oakland, Garrett County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
21550	0.88%	0.99%	1.09%	1.24%	1.40%

Source: Ownwell

Property Tax Assessment Values Across Oakland, Garrett County, Maryland

When examining property taxes in Oakland, 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. Assessment notices: Garrett County sends assessment notices 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 Oakland. For example, the median home price in Oakland is $163,500, with tax bills ranging significantly across the county. Zip code 21550 has the highest median home price at $163,500.

Property Tax Assessment Values Across Oakland, Garrett County, Maryland

Source: Ownwell

$40,850

$199,375

$357,900

Median Oakland Market Value

$163,500

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 Oakland, Garrett County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
21550	$54,200	$99,100	$163,500	$326,650	$724,540

Source: Ownwell

Property Tax Bills Across Oakland, Garrett County, Maryland

In Oakland, Garrett County, MD, property tax bills are determined by multiplying the assessed value of the property by the local tax rate. With a median home price of $163,500, the property tax rate in this area results in a median tax bill of $1,898, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,201 and the 90th percentile reaching $6,915. These variations depend on factors such as property size, location, and improvements. For homeowners, a high property tax bill can be a financial burden, impacting monthly budgets and overall affordability. Ownwell can assist homeowners by providing expert property tax appeal and exemption services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying. This service not only offers financial relief but also peace of mind, knowing that property taxes are fair and accurate.

Property Tax Bills Across Oakland, Garrett County, Maryland

Source: Ownwell

$575

$2,393

$4,211

Median Oakland Tax Bill

$1,898

Median Garrett County Tax Bill

$1,945

Median Maryland Tax Bill

$3,419

Median United States Tax Bill

$2,400

Property Tax Bills Across Oakland, Garrett County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
21550	$672	$1,201	$1,898	$3,554	$6,915

Source: Ownwell