21787 Property Tax Rate

Property owners in ZIP code 21787 (Taneytown, Maryland) pay a median of $3,634/year in property taxes on homes valued at $344,800. This translates to an effective tax rate of 1.05%, which is 9% above the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 21787 is approximately $303, which factors into escrow payments on mortgages. This ZIP code is located within Carroll County. This is $340 less than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 21787 has lower property taxes. ZIP codes with similar effective rates include 21822 (1.05%) and 20674 (1.06%).

In Taneytown, property taxes represent approximately 4.1% of the median household income of $88,212, 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 Carroll County's tax office. The credit applies automatically to qualifying primary residences but requires proper registration; contact the Carroll 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).