21543 Property Tax Rate

Property owners in ZIP code 21543 (Midlothian, Maryland) pay a median of $1,754/year in property taxes on homes valued at $186,000. This translates to an effective tax rate of 0.94%, which is near the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 21543 is approximately $146, which factors into escrow payments on mortgages. This ZIP code is located within Allegany County. This is $2,220 less than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 21543 has lower property taxes. ZIP codes with similar effective rates include 21629 (0.94%) and 20684 (0.94%).

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).