Davidsonville, Maryland Property Taxes
The median property tax rate in Davidsonville, MD is 1.05%, slightly higher than the national median of 0.99% but just below the Maryland state median of 1.06%. With a median home value of $623,500 in Davidsonville, the typical annual property tax bill amounts to $6,331, significantly surpassing the national median of $2,690. Property taxes in Davidsonville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Davidsonville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Davidsonville or another part of Anne Arundel County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Davidsonville, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$6,547
$6,075
Ownwell’s Davidsonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Davidsonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Davidsonville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Anne Arundel County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Davidsonville, Maryland
Property taxes in Davidsonville, Maryland, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Davidsonville is 1.05%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Davidsonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Davidsonville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Davidsonville's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21035 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Davidsonville provides valuable insights into the varying tax landscape across Anne Arundel County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Davidsonville Tax Rate
1.05%
Average Anne Arundel County Tax Rate
0.97%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Davidsonville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21035 | 0.79% | 0.90% | 1.05% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Davidsonville, Maryland
In Davidsonville, Maryland, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Anne Arundel County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Davidsonville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Davidsonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Davidsonville is $623,500, with tax bills ranging significantly. The 25th percentile tax bill is $4,585, while the 75th percentile tax bill is $8,122. Notably, the highest and lowest median tax bills are both $6,331 in the 21035 zip code.
Property Tax Assessment Values Across Davidsonville, Maryland
Source: Ownwell
$224,750
$1,053,975
$1,883,200
Average Davidsonville Assessed Value
$623,500
Average Anne Arundel County Assessed Value
$376,600
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Davidsonville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21035 | $333,400 | $432,350 | $623,500 | $772,700 | $955,800 |
Source: Ownwell
Property Tax Bills Across Davidsonville, Maryland
In Davidsonville, located in Anne Arundel County, MD, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county's property assessment office and is typically a percentage of the home's market value. The median home price in Davidsonville stands at $623,500, which significantly influences the tax bill. Factors such as property size, location, and improvements can affect the assessed value. In this region, the tax bill varies widely, with the 25th percentile at $4,585 and the 75th percentile at $8,122. For those in the 90th percentile, the tax bill can reach up to $10,235. These property taxes fund essential services like schools, emergency services, and local infrastructure. Homeowners in Davidsonville should be aware of these rates as they can impact overall housing affordability. Compared to the national median property tax rate of 0.99%, Davidsonville's rates reflect the higher property values and the quality of public services provided in the area.
Average Davidsonville Tax Bill
$6,331
Average Anne Arundel County Tax Bill
$3,553
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Davidsonville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21035 | $3,567 | $4,585 | $6,331 | $8,122 | $10,235 |
Source: Ownwell