Hanover, Anne Arundel County, Maryland Property Taxes

Name: Property Tax Bills Across Hanover, Anne Arundel County, Maryland
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hanover, MD effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Hanover, MD home value: $440,600
Median annual Hanover, MD tax bill: $4,256, $1,856 higher than the national median property tax bill of $2,400.

How are property taxes in Anne Arundel calculated?

Property taxes in Hanover, MD are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Hanover’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hanover, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hanover, Anne Arundel County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$4,230

$3,925

Ownwell’s Hanover Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hanover with just two data points.

By entering your property's estimated assessed value, our calculator applies Hanover’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Anne Arundel County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hanover, Anne Arundel County, Maryland

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Hanover’s effective property tax rate to other cities in Maryland and the median property tax rates in Maryland and the U.S.

Hanover in Anne Arundel County boasts a property tax rate of 0.96%, aligning with the highest and lowest rates in the area. This rate is slightly below the national median property tax rate of 1.02%. The median property tax bill in Hanover is also competitive, offering residents a favorable comparison to the national median bill of $2,400. This efficient tax structure makes Hanover an attractive location for property owners seeking affordability without sacrificing essential services. Whether you're a homeowner or considering investing in property, understanding how Hanover's tax rates compare can guide your financial planning and investment decisions.

Property Tax Rates Across Hanover, Anne Arundel County, Maryland

Source: Ownwell

0.90%

1.07%

1.24%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Hanover Tax Rate

0.96%

Median Effective Anne Arundel County Tax Rate

0.97%

Median Effective Maryland Tax Rate

1.06%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hanover, Anne Arundel County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
21076	0.73%	0.92%	0.96%	0.99%	1.01%

Source: Ownwell

Property Tax Assessment Values Across Hanover, Anne Arundel County, Maryland

When examining property taxes in Hanover, MD, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Anne Arundel County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Anne Arundel County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hanover. For example, the median home price in Hanover is $440,600, with tax bills ranging significantly across the county. Zip code 21076 has the highest median home price at $440,600.

Property Tax Assessment Values Across Hanover, Anne Arundel County, Maryland

Source: Ownwell

$224,750

$1,053,975

$1,883,200

Median Hanover Market Value

$440,600

Median Anne Arundel County Market Value

$376,600

Median Maryland Market Value

$317,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hanover, Anne Arundel County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
21076	$292,630	$382,875	$440,600	$511,700	$593,690

Source: Ownwell

Property Tax Bills Across Hanover, Anne Arundel County, Maryland

In Hanover, located in Anne Arundel County, MD, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. With a median home price of $440,600, homeowners face property tax bills that typically range from $3,635 at the 25th percentile to $5,625 at the 90th percentile. The median tax bill in the area is notably higher than the national median of $2,400, reflecting the region's higher home values. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners, these taxes can represent a significant annual expense, impacting overall affordability. Ownwell offers a valuable service by helping homeowners appeal their property tax assessments, potentially lowering their tax bills. By leveraging expertise in local tax laws and market conditions, Ownwell can identify opportunities for savings, ensuring homeowners only pay their fair share.

Property Tax Bills Across Hanover, Anne Arundel County, Maryland

Source: Ownwell

$1,978

$10,283

$18,587

Median Hanover Tax Bill

$4,256

Median Anne Arundel County Tax Bill

$3,553

Median Maryland Tax Bill

$3,419

Median United States Tax Bill

$2,400

Property Tax Bills Across Hanover, Anne Arundel County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
21076	$2,714	$3,635	$4,256	$4,881	$5,625

Source: Ownwell