21532 Property Tax Rate

Property owners in ZIP code 21532 (Frostburg, Maryland) pay a median of $1,751/year in property taxes on homes valued at $175,600. This translates to an effective tax rate of 1.00%, which is 4% above the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 21532 is approximately $146, which factors into escrow payments on mortgages. This ZIP code is located within Allegany County. This is $2,223 less than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 21532 has higher property taxes. ZIP codes with similar effective rates include 20630 (1.00%) and 20602 (1.00%).

In Frostburg, property taxes represent approximately 2.9% of the median household income of $60,158, 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).