Carroll County, MD Property Tax Search
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In-depth Carroll County, MD Property Tax Information
Assess all the factors that determine a property's taxes with a detailed report like the sample below. Create a free account and review your selected property's tax rates, value assessments and more.
See detailed property tax information from the sample report for 5506 old washington Rd, Carroll County, MD
Property Tax Calculation
In Maryland, state law provides that all real property is subject to property taxation unless specifically exempted by law. Property taxes are a primary source of local government revenue and are used to fund public services such as schools, public safety, transportation, and other community programs. Article 15 of the Maryland Declaration of Rights requires that property be assessed and taxed uniformly, and Maryland law requires taxable property to be assessed based on its fair market value.
Market Value
In Carroll County, market value, also known as fair market value, is the estimated price a property would sell for in an open market between a willing buyer and a willing seller. The Maryland Department of Assessments and Taxation reviews property assessments on a three-year cycle and uses market value as the basis for determining assessed values.
Assessed Value
A property's assessed value is the foundation upon which taxing authorities determine the amount of real estate taxes to be paid. Properties are assessed at 100% of their fair market value.
State law requires increases in assessed value resulting from a reassessment to be phased in over the three years following the appraisal. This means that an increase in assessed value from one reassessment to the next is generally spread equally over the three-year period.
Property Tax
The base tax is calculated by multiplying the property's assessed value by the applicable tax rates and represents an estimate of the amount a property owner would pay without any exemptions.
The current tax is calculated by multiplying the taxable value by the applicable tax rate. The resulting amount reflects the tax payable by the property owner after the application of any credits.
Actual taxes might differ from the figures displayed here due to various abatement and financial assistance programs. For more information please visit Carroll County's Assessor's Office and Treasurer or look up this property's current valuation and tax situation.
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Carroll County Stats for Property Taxes
Looking for more property tax statistics in your area? Instantly view essential data points on Carroll County, as well as MD effective tax rates, median real estate taxes paid, home values, income levels and even homeownership rates.
Effective tax rate (%)
0.96% of Assessed Home Value
1.02% of Assessed Home Value
1.02% of Assessed Home Value
Median real estate taxes paid
$3,751
$3,880
$2,869
Median home value
$390,200
$380,500
$281,900
Median income
$111,672
$98,461
$75,149
Owner occupied housing (%)
83%
67.5%
64.8%
Renter occupied housing (%)
17%
32.5%
35.2%
Frequently Asked Questions on Property Taxes
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