21207 Property Tax Rate

Property owners in ZIP code 21207 (Gwynn Oak, Maryland) pay a median of $2,803/year in property taxes on homes valued at $248,400. This translates to an effective tax rate of 1.13%, which is 17% above the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 21207 is approximately $234, which factors into escrow payments on mortgages. This ZIP code is located within Baltimore County. This is $1,171 less than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 21207 has higher property taxes. ZIP codes with similar effective rates include 21219 (1.13%) and 21676 (1.13%).

In Gwynn Oak, property taxes represent approximately 4.4% of the median household income of $64,284, 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).