Riva, Anne Arundel County, Maryland Property Taxes

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

Median Riva, MD effective property tax rate: 1.06%, slightly higher than the national median of 1.02%, but aligns with the Maryland state median of 1.06%.
Median Riva, MD home value: $462,100
Median annual Riva, MD tax bill: $4,311, $1,911 higher than the national median property tax bill of $2,400.

How are property taxes in Anne Arundel calculated?

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

Last Updated March 1, 2025

Riva, Anne Arundel County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.06%

Estimate Property Tax Bill

$4,898

$4,545

Ownwell’s Riva Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Riva with just two data points. By entering your property's estimated assessed value, our calculator applies Riva’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 Riva, Anne Arundel County, Maryland

Local government entities are responsible for setting tax rates, leading to significant variation within a state. Each county annually estimates its budgetary needs for services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While the process involves votes and laws, this is the fundamental approach used each year.

In Riva, located in Anne Arundel County, the effective property tax rate aligns closely with the median property tax rate for Maryland, which is slightly above the national median of 1.02%. This comparison highlights how tax rates in Riva are competitive within the state. Understanding these rates is crucial for property owners, as they directly impact annual tax bills.

Exploring the effective property tax rate in Riva compared to other cities in Maryland, as well as the median property tax rates in the state and the U.S., provides valuable insights for homeowners. Whether you're evaluating potential savings or considering a move, being informed about these rates can guide your decisions effectively.

Property Tax Rates Across Riva, 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 Riva Tax Rate

1.06%

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 Riva, Anne Arundel County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
21140	0.69%	0.78%	1.06%	1.09%	1.09%

Source: Ownwell

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

When examining property taxes in Riva, 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 April. 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 Riva. For example, the median home price in Riva is $462,100, with tax bills ranging significantly across the county. Zip code 21140 has the highest median home price at $462,100.

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

Source: Ownwell

$224,750

$1,053,975

$1,883,200

Median Riva Market Value

$462,100

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 Riva, Anne Arundel County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
21140	$271,840	$371,800	$462,100	$572,300	$720,860

Source: Ownwell

Property Tax Bills Across Riva, Anne Arundel County, Maryland

In Riva, Anne Arundel County, MD, property tax bills are calculated based on the assessed value of a home, which reflects its estimated market value. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements or changes in market conditions can influence the assessed value, impacting homeowners' tax obligations. In Riva, the median property tax bill is significantly higher than the national median, with the 25th percentile at $3,196 and the 75th percentile reaching $5,759. This means many homeowners face substantial tax bills, with some reaching as high as $7,435 at the 90th percentile. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By identifying discrepancies in assessments and leveraging local tax laws, Ownwell can help homeowners potentially reduce their property tax bills, ensuring they pay a fair amount. This service can be especially beneficial in areas like Riva, where property tax bills are considerably above the national median.

Property Tax Bills Across Riva, Anne Arundel County, Maryland

Source: Ownwell

$1,978

$10,283

$18,587

Median Riva Tax Bill

$4,311

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 Riva, Anne Arundel County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
21140	$2,487	$3,196	$4,311	$5,759	$7,435

Source: Ownwell