21542 Property Tax Rate
Midland, Maryland · Part of Allegany County
Effective Tax Rate
1.26%
72.9% below state avgMedian Annual Tax
$1,075
$90/mo escrow
Estimate Your Tax
Annual Tax
$1,075
Monthly
$90
Eff. Rate
1.26%
How ZIP 21542 Compares
Median Annual Property Tax
ZIP 21542
1.26%
Effective rate
Maryland Avg
0.96%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Maryland
Higher than 94% of ZIP codes in Maryland(94th percentile, 423 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 21542
Property owners in ZIP code 21542 (Midland, Maryland) pay a median of $1,075/year in property taxes on homes valued at $85,500. This translates to an effective tax rate of 1.26%, which is 31% above the Maryland state average of 0.96%.
The monthly property tax burden for a median-valued home in 21542 is approximately $90, which factors into escrow payments on mortgages. This ZIP code is located within Allegany County. This is $2,899 less than the Maryland average of $3,974/year.
Compared to similar ZIP codes in Maryland, 21542 has higher property taxes. ZIP codes with similar effective rates include 21042 (1.25%) and 21075 (1.25%).
If you're considering purchasing a home in 21542, 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 Allegany County's tax assessor directly.
Frequently Asked Questions
What is the property tax rate in ZIP code 21542?
How much are property taxes in Midland, MD (21542)?
How does ZIP 21542 compare to the Maryland average?
What is the median home value in ZIP 21542?
What county is ZIP code 21542 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$272. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 21542 is part of Allegany County, Maryland. View the full county profile for broader context and more data.
View Allegany County on TaxByCounty →Similar ZIP Codes in Maryland
21042
-0.01%Ellicott City
1.25%
$8,439/yr
21075
-0.01%Elkridge
1.25%
$5,492/yr
20710
+0.01%Bladensburg
1.27%
$4,242/yr
21045
+0.01%Columbia
1.27%
$5,557/yr
20715
-0.01%Bowie
1.25%
$5,455/yr
21222
-0.02%Dundalk
1.24%
$2,494/yr
21866
-0.02%Tylerton
1.24%
$1,188/yr
20693
-0.03%Welcome
1.23%
$5,274/yr
20632
+0.03%Faulkner
1.29%
$6,317/yr
20781
-0.03%Hyattsville
1.22%
$5,546/yr
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.