Ridgely, Caroline County, Maryland Property Taxes

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

Median Ridgely, MD effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Ridgely, MD home value: $243,400
Median annual Ridgely, MD tax bill: $2,734, $334 higher than the national median property tax bill of $2,400.

How are property taxes in Caroline calculated?

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

Last Updated March 1, 2025

Ridgely, Caroline County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$2,556

$2,372

Ownwell’s Ridgely Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ridgely with just two data points. By entering your property's estimated assessed value, our calculator applies Ridgely’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 Caroline County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ridgely, Caroline County, Maryland

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services 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 Ridgely’s effective property tax rate to other cities in Maryland and the median property tax rates in Maryland and the U.S. In Ridgely, located in Caroline County, the median property tax rate stands at 1.05%, slightly above the national median of 1.02%. This rate reflects Caroline County's budgetary needs and the total assessed value of taxable properties. When compared to the national median property tax bill of $2,400, Ridgely's tax rate aligns closely with state trends. Understanding these rates can help property owners make informed decisions about appeals and exemptions, ensuring they only pay their fair share.

Property Tax Rates Across Ridgely, Caroline County, Maryland

Source: Ownwell

1.00%

1.05%

1.10%

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 Ridgely Tax Rate

1.05%

Median Effective Caroline County Tax Rate

1.08%

Median Effective Maryland Tax Rate

1.06%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ridgely, Caroline County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
21660	0.96%	1.00%	1.05%	1.40%	1.44%

Source: Ownwell

Property Tax Assessment Values Across Ridgely, Caroline County, Maryland

When examining property taxes in Ridgely, 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 Caroline 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. Assessment notices: In Caroline 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 Ridgely. For example, the median home price in Ridgely is $243,400, with tax bills ranging significantly across the county. 21660 has the highest median home price at $243,400.

Property Tax Assessment Values Across Ridgely, Caroline County, Maryland

Source: Ownwell

$138,100

$233,000

$327,900

Median Ridgely Market Value

$243,400

Median Caroline County Market Value

$216,400

Median Maryland Market Value

$317,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ridgely, Caroline County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
21660	$141,690	$182,875	$243,400	$312,625	$401,510

Source: Ownwell

Property Tax Bills Across Ridgely, Caroline County, Maryland

In Ridgely, Caroline County, MD, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, size, and condition. Homeowners in Ridgely face a median property tax bill of $2,734, slightly above the national median of $2,400. This can be a significant financial burden, especially when compared to the national median property tax rate of 1.02%. With tax bills ranging from the 25th percentile at $2,159 to the 90th percentile at $4,473, it's clear that property taxes can vary widely based on individual property assessments.

Ownwell can help homeowners in Ridgely by providing expert property tax appeal and exemption services. By analyzing property assessments and market trends, Ownwell identifies opportunities to lower tax liabilities. This not only reduces the financial strain on homeowners but also ensures they are not overpaying on their property taxes. With Ownwell's assistance, homeowners can achieve significant savings and gain peace of mind.

Property Tax Bills Across Ridgely, Caroline County, Maryland

Source: Ownwell

$1,748

$2,546

$3,344

Median Ridgely Tax Bill

$2,734

Median Caroline County Tax Bill

$2,469

Median Maryland Tax Bill

$3,419

Median United States Tax Bill

$2,400

Property Tax Bills Across Ridgely, Caroline County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
21660	$1,701	$2,159	$2,734	$3,562	$4,473

Source: Ownwell