21561 Property Tax Rate

Property owners in ZIP code 21561 (Swanton, Maryland) pay a median of $2,300/year in property taxes on homes valued at $288,800. This translates to an effective tax rate of 0.80%, which is 17% below the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 21561 is approximately $192, which factors into escrow payments on mortgages. This ZIP code is located within Garrett County. This is $1,674 less than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 21561 has lower property taxes. ZIP codes with similar effective rates include 21531 (0.80%) and 20868 (0.80%).

In Swanton, property taxes represent approximately 3.2% of the median household income of $71,964, 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, protecting you from sharp jumps after purchase. Garrett County Assessor's office administers the homestead credit—file your application immediately after closing to lock in your assessment base. Contact the Garrett County Assessor to confirm your property's assessment and verify your homestead eligibility within 30 days of settlement.