Brookeville, Howard County, Maryland Property Taxes
Median Brookeville, MD effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Brookeville, MD home value: $774,350
Median annual Brookeville, MD tax bill: $5,656, $3,256 higher than the national median property tax bill of $2,400.
How are property taxes in Howard calculated?
Property taxes in Brookeville, 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 Brookeville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Brookeville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Brookeville, Howard County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.8%
Estimate Property Tax Bill
$6,195
$5,749
Property Tax Rates Across Brookeville, Howard County, Maryland
Local government entities determine tax rates, which can differ significantly within a state. Each year, counties calculate their required budgets for public services and then divide this amount by the total value of all taxable properties in their area. This process establishes the property tax rate. Although the setting of tax rates and budgets involves votes and legislation, this is the basic annual procedure.
In Brookeville, located in Howard County, the effective property tax rate is 0.80%. This rate is consistent across the region, as Brookeville holds both the highest and lowest median tax rates within its zip code. Compared to the national median property tax rate of 1.02%, Brookeville's rate is notably lower. The median property tax bill in Brookeville is also expected to be lower than the national median of $2,400, providing a financial advantage to property owners in this area.
By understanding these tax rates, property owners can make informed decisions and potentially save money. For those seeking to appeal or secure exemptions, grasping these nuances is essential to managing property tax expenses effectively.
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 Brookeville Tax Rate
0.80%
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 Howard County Tax Rate
1.04%
Median Effective Maryland Tax Rate
1.06%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Brookeville, Howard County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20833 | 0.74% | 0.79% | 0.80% | 0.87% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Brookeville, Howard County, Maryland
When examining property taxes in Brookeville, 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 Howard 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 Howard 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 Brookeville. For example, the median home price in Brookeville is $774,350, with tax bills ranging significantly across the county. Zip code 20833 has the highest median home price at $774,350.
Property Tax Assessment Values Across Brookeville, Howard County, Maryland
Source: Ownwell
$333,000
$623,400
$913,800
Median Brookeville Market Value
$774,350
Median Howard County Market Value
$465,650
Median Maryland Market Value
$317,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Brookeville, Howard County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20833 | $533,330 | $600,600 | $774,350 | $898,925 | $988,140 |
Source: Ownwell
Property Tax Bills Across Brookeville, Howard County, Maryland
Median Brookeville Tax Bill
$5,656
Median Howard County Tax Bill
$4,834
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across Brookeville, Howard County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20833 | $3,596 | $4,769 | $5,656 | $7,088 | $7,412 |
Source: Ownwell