Caroline County Property Taxes
The median property tax rate in Caroline County is 1.08%, which is notably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With a median home value of $216,400 in Caroline County, the typical annual property tax bill reaches $2,469, slightly below the national median of $2,690. Property taxes in Caroline County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Caroline County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Denton or another part of Caroline County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Caroline County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,337
Ownwell’s Caroline County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Caroline County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Caroline County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Caroline County, Maryland
Property taxes in Caroline County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Caroline County is 1.08%, which is higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Caroline County set these rates annually, and they can vary significantly between different areas within the county. Each year, Caroline County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Hillsboro has one of the higher property tax rates in Maryland at 1.10%, while the city of Denton boasts one of the lowest at 1.00%. Analyzing how Caroline County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Caroline County Tax Rate
1.08%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caroline County, Maryland
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barclay | 1.06% | 1.06% | 1.06% | 1.07% | 1.07% |
| Bethlehem | 1.06% | 1.07% | 1.08% | 1.09% | 1.09% |
| Denton | 0.87% | 0.94% | 1.00% | 1.38% | 1.49% |
| Federalsburg | 0.99% | 1.09% | 1.09% | 1.89% | 1.89% |
| Goldsboro | 0.93% | 1.01% | 1.05% | 1.08% | 1.52% |
| Greensboro | 0.91% | 0.99% | 1.04% | 1.50% | 1.62% |
| Henderson | 1.00% | 1.05% | 1.06% | 1.07% | 1.09% |
| Hillsboro | 1.00% | 1.04% | 1.10% | 1.17% | 1.19% |
| Marydel | 1.00% | 1.06% | 1.07% | 1.09% | 1.35% |
| Preston | 0.91% | 1.06% | 1.09% | 1.09% | 1.41% |
| Queen Anne | 0.97% | 1.00% | 1.03% | 1.05% | 1.07% |
| Ridgely | 0.96% | 1.00% | 1.05% | 1.40% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Caroline County, Maryland
In Caroline County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Caroline County Appraisal District. The assessed value, however, 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. Assessment notices in Caroline County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Caroline County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Caroline County, Queen Anne has the highest median tax bill at $3,344, while Bethlehem has the lowest at $1,576.
Property Tax Assessment Values Across Caroline County, Maryland
Source: Ownwell
$138,100
$284,525
$430,950
Average Caroline County Assessed Value
$216,400
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caroline County, Maryland
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barclay | $169,100 | $191,750 | $229,500 | $230,700 | $231,420 |
| Bethlehem | $124,790 | $125,825 | $144,300 | $174,100 | $195,520 |
| Denton | $148,200 | $193,300 | $268,500 | $351,900 | $441,800 |
| Federalsburg | $68,300 | $96,550 | $138,100 | $186,750 | $261,620 |
| Goldsboro | $96,840 | $139,500 | $204,900 | $285,100 | $397,760 |
| Greensboro | $129,090 | $174,775 | $224,600 | $289,425 | $374,710 |
| Henderson | $113,210 | $160,550 | $220,650 | $299,275 | $361,280 |
| Hillsboro | $141,200 | $166,700 | $194,100 | $233,800 | $335,380 |
| Marydel | $86,790 | $115,850 | $163,450 | $206,925 | $267,560 |
| Preston | $116,720 | $154,200 | $202,900 | $274,900 | $378,040 |
| Queen Anne | $247,360 | $290,000 | $327,900 | $383,500 | $425,760 |
| Ridgely | $141,690 | $182,875 | $243,400 | $312,625 | $401,510 |
Source: Ownwell
Property Tax Bills Across Caroline County, Maryland
In Caroline County, MD, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the county's property tax rate to produce the annual tax bill. Factors such as the home's market value, property size, and any applicable exemptions or deductions can influence the assessed value. Homeowners in Caroline County experience a range of property tax bills. The 25th percentile tax bill is around $1,799, while the 75th percentile reaches $3,299. For those at the higher end, the 90th percentile tax bill can be as much as $4,369. These figures illustrate the variability in tax obligations, which can significantly impact household budgets. Comparatively, the national median property tax rate is 0.99%, making Caroline County's tax rates a crucial consideration for current and prospective homeowners. The highest median tax bill in the region is found in Queen Anne at $3,344, while Bethlehem has the lowest at $1,576, further highlighting the disparities within the county.
Average Caroline County Tax Bill
$2,469
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Caroline County, Maryland
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barclay | $1,799 | $2,038 | $2,438 | $2,466 | $2,483 |
| Bethlehem | $1,336 | $1,365 | $1,576 | $1,888 | $2,098 |
| Denton | $1,660 | $2,201 | $2,909 | $3,966 | $4,908 |
| Federalsburg | $963 | $1,304 | $1,763 | $2,439 | $3,159 |
| Goldsboro | $1,167 | $1,688 | $2,171 | $2,877 | $3,980 |
| Greensboro | $1,528 | $2,042 | $2,622 | $3,279 | $4,102 |
| Henderson | $1,289 | $1,748 | $2,297 | $3,079 | $3,718 |
| Hillsboro | $1,557 | $1,852 | $2,061 | $2,541 | $3,370 |
| Marydel | $998 | $1,345 | $1,749 | $2,186 | $2,887 |
| Preston | $1,279 | $1,686 | $2,250 | $3,009 | $3,956 |
| Queen Anne | $2,327 | $2,949 | $3,344 | $3,927 | $4,358 |
| Ridgely | $1,701 | $2,159 | $2,734 | $3,562 | $4,473 |
Source: Ownwell