Sunderland, Maryland Property Taxes
The median property tax rate in Sunderland, MD is 0.94%, slightly below the Maryland state median of 1.06% but still higher than the national median of 0.99%. With a median home value of $447,100 in Sunderland, the typical annual property tax bill amounts to $4,220, significantly exceeding the national median of $2,690. Property taxes in Sunderland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sunderland'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 Sunderland or another part of Calvert County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sunderland, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$4,203
Ownwell’s Sunderland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sunderland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sunderland 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sunderland, Maryland
Property taxes in Sunderland, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sunderland is 0.94%, which is slightly below the U.S. national median of 0.99%. Local government entities within Sunderland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sunderland 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 Sunderland's effective property tax rate to other areas in Calvert County and the national median. For comparison, the zip code 20689 has both the highest and lowest median property tax rate of 0.94%. Understanding how these areas compare with Sunderland provides valuable insights into the varying tax landscape across Calvert County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sunderland Tax Rate
0.94%
Average Calvert County Tax Rate
1.01%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sunderland, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20689 | 0.91% | 0.92% | 0.94% | 0.98% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Sunderland, Maryland
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sunderland, Maryland. 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 Calvert 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 Sunderland, 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. For example, the median home price in Sunderland is $447,100, with tax bills ranging from $3,352 at the 25th percentile to $6,601 at the 90th percentile. The highest and lowest median tax bill in Sunderland is $4,220, found in zip code 20689. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sunderland Assessed Value
$447,100
Average Calvert County Assessed Value
$346,200
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sunderland, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20689 | $248,460 | $348,700 | $447,100 | $561,750 | $665,840 |
Source: Ownwell
Property Tax Bills Across Sunderland, Maryland
In Sunderland, MD, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Sunderland is $447,100. Homeowners in this area can expect their property tax bills to vary significantly depending on the assessed value of their property and the local tax rate. The tax bill for the 25th percentile of homes is $3,352, while the 75th percentile sees a tax bill of $5,270. For those in the 90th percentile, the tax bill can reach up to $6,601. Factors that influence the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. These taxes fund essential public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Sunderland's rates can be considered relatively high, impacting homeowners by increasing their annual housing costs.
Average Sunderland Tax Bill
$4,220
Average Calvert County Tax Bill
$3,494
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Sunderland, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20689 | $2,455 | $3,352 | $4,220 | $5,270 | $6,601 |
Source: Ownwell