Property Values Soar Nearly 29% in Southern Frederick County

Property values in southern Frederick County have surged by 28.6% over the past three years, according to the latest assessments from the Maryland Department of Assessments and Taxation.

The annual reassessment process, which reviews one-third of each county's residential and commercial properties, focused this year on "Area 1." This region includes Mount Airy, New Market, Ijamsville, Urbana, Adamstown, Tuscarora, and Brunswick.

Key Facts:

• Overall Growth: Property values in Area 1 increased by 28.6%, with commercial properties rising by 44.1% and residential properties by 25.3%.

• State Trends: Statewide, taxable land values rose by 20.1%, with commercial properties up 16.4% and residential properties up 21.1%.

Growth Momentum Continues

This marks the fourth consecutive cycle of property value increases in southern Frederick County, continuing a trend that began after a slight dip in 2013. Over recent cycles, the growth rate has accelerated, with increases of 9.3% in 2016, 10.0% in 2019, and 18.4% in 2022.

Frederick County's High Rankings

Frederick County stands out statewide for its impressive land value growth:

• Ranked fourth in the state for overall property value increases.

• Topped the list for the percentage of properties appreciating in value, with 99.96% of the 35,911 residential properties evaluated showing an increase.

Total Valuation

The assessed value of southern Frederick County's properties now exceeds $25.5 billion, comprising over $20.5 billion in residential property and more than $5 billion in commercial property.

With this robust growth, southern Frederick County continues to lead in property value appreciation, reflecting the area's desirability and economic strength.