Earleville, Maryland Property Taxes
The median property tax rate in Earleville, MD is 0.94%, slightly below the national median of 0.99% and the Maryland state median of 1.06%. With a median home value of $212,100 in Earleville, the typical annual property tax bill is $1,862, which is less than the national median of $2,690. Property taxes in Earleville are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Earleville’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 Earleville or another part of Cecil County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Earleville, Maryland Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$2,120
Ownwell’s Earleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Earleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Earleville 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 Earleville, Maryland
Property taxes in Earleville, Maryland, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Earleville is 0.94%, which is slightly below the U.S. national median of 0.99%. Local government entities within Earleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Earleville 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 Earleville's effective property tax rate to other areas in Cecil County and the national median. For comparison, the zip code 21919 has both the highest and lowest median property tax rate of 0.94%. Understanding how these areas compare with Earleville provides valuable insights into the varying tax landscape across Cecil County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Earleville Tax Rate
0.94%
Average Cecil County Tax Rate
0.89%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Earleville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21919 | 0.67% | 0.79% | 0.94% | 1.11% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Earleville, Maryland
In Earleville, Maryland, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Cecil 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 Earleville, 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. For instance, the median home price in Earleville is $212,100, with the 25th percentile tax bill at $1,169 and the 75th percentile tax bill at $3,204. The highest and lowest median tax bills both stand at $1,862 in zip code 21919. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Earleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Earleville Assessed Value
$212,100
Average Cecil County Assessed Value
$239,900
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Earleville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21919 | $61,300 | $126,000 | $212,100 | $344,600 | $532,200 |
Source: Ownwell
Property Tax Bills Across Earleville, Maryland
In Earleville, located in Cecil County, MD, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $212,100, homeowners can expect varying tax bills depending on the specific assessed value and applicable exemptions. Several factors influence the final tax bill, including the property's market value, any improvements made, and local tax rates. In Earleville, the 25th percentile of tax bills is around $1,169, while the 75th percentile reaches $3,204, and the 90th percentile can be as high as $5,232. These figures reflect the range of tax burdens homeowners might face. Compared to the national median property tax rate of 0.99%, Earleville's tax bills can vary significantly, impacting homeowners' annual expenses. Understanding these factors helps homeowners budget effectively and anticipate their financial responsibilities.
Average Earleville Tax Bill
$1,862
Average Cecil County Tax Bill
$2,238
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Earleville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21919 | $566 | $1,169 | $1,862 | $3,204 | $5,232 |
Source: Ownwell