21223 Property Tax Rate

Property owners in ZIP code 21223 (Baltimore, Maryland) pay a median of $1,261/year in property taxes on homes valued at $93,700. This translates to an effective tax rate of 1.35%, which is 40% above the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 21223 is approximately $105, which factors into escrow payments on mortgages. This ZIP code is located within Baltimore city. This is $2,713 less than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 21223 has higher property taxes. ZIP codes with similar effective rates include 21557 (1.33%) and 20770 (1.32%).

In Baltimore, property taxes represent approximately 3.0% of the median household income of $41,828, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 21223, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Baltimore city's tax assessor directly.