21117 Property Tax Rate

Property owners in ZIP code 21117 (Owings Mills, Maryland) pay a median of $4,217/year in property taxes on homes valued at $370,700. This translates to an effective tax rate of 1.14%, which is 18% above the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 21117 is approximately $351, which factors into escrow payments on mortgages. This ZIP code is located within Baltimore County. This is $243 more than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 21117 has higher property taxes. ZIP codes with similar effective rates include 21227 (1.14%) and 21530 (1.14%).

In Owings Mills, property taxes represent approximately 4.2% of the median household income of $100,934, providing context for the relative tax burden on homeowners in this area.

Maryland's Homestead Tax Credit caps annual assessment increases at 10% for your primary residence, though your initial purchase-year assessment is unrestricted — file for the credit with Baltimore County's tax office. The credit applies automatically to qualifying primary residences but requires proper registration; contact the Baltimore County Assessor to ensure your homestead classification is recorded within 45 days of purchase. Request a copy of your Notice of Assessment and confirm your assessment ratio is correct (owner-occupied property should be assessed on market value).