21524 Property Tax Rate

Property owners in ZIP code 21524 (Corriganville, Maryland) pay a median of $1,349/year in property taxes on homes valued at $140,700. This translates to an effective tax rate of 0.96%, which is near the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 21524 is approximately $112, which factors into escrow payments on mortgages. This ZIP code is located within Allegany County. This is $2,625 less than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 21524 has higher property taxes. ZIP codes with similar effective rates include 21648 (0.96%) and 21084 (0.96%).

In Corriganville, property taxes represent approximately 1.8% of the median household income of $73,661, 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 Allegany County's tax office. The credit applies automatically to qualifying primary residences but requires proper registration; contact the Allegany 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).