21545 Property Tax Rate

Property owners in ZIP code 21545 (Mount Savage, Maryland) pay a median of $1,132/year in property taxes on homes valued at $111,300. This translates to an effective tax rate of 1.02%, which is 6% above the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 21545 is approximately $94, which factors into escrow payments on mortgages. This ZIP code is located within Allegany County. This is $2,842 less than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 21545 has higher property taxes. ZIP codes with similar effective rates include 21921 (1.02%) and 21793 (1.02%).

In Mount Savage, property taxes represent approximately 1.9% of the median household income of $59,551, 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).