21641 Property Tax Rate

Property owners in ZIP code 21641 (Hillsboro, Maryland) pay a median of $1,950/year in property taxes on homes valued at $241,700. This translates to an effective tax rate of 0.81%, which is 16% below the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 21641 is approximately $163, which factors into escrow payments on mortgages. This ZIP code is located within Caroline County. This is $2,024 less than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 21641 has higher property taxes. ZIP codes with similar effective rates include 21028 (0.81%) and 21108 (0.81%).

In Hillsboro, property taxes represent approximately 3.0% of the median household income of $65,417, providing context for the relative tax burden on homeowners in this area.

Maryland's Homestead Tax Credit limits annual assessment growth to 10% on primary residences, protecting you from volatile year-over-year increases in Caroline County. Register your homestead exemption with the Caroline County Assessor within 30 days of purchase to activate this crucial protection. The Caroline County Assessor's office will process your application and mail your assessment notice; file any appeals within the county's statutory window.