Elkton, Cecil County, Maryland Property Taxes
Median Elkton, MD effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Elkton, MD home value: $232,600
Median annual Elkton, MD tax bill: $2,226, $174 lower than the national median property tax bill of $2,400.
How are property taxes in Cecil calculated?
Property taxes in Elkton, 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 Elkton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elkton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elkton, Cecil County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$2,093
$1,943
Property Tax Rates Across Elkton, Cecil County, Maryland
Local government entities set property tax rates, which can vary significantly within Maryland. This is because each county annually estimates its budget to provide necessary services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Elkton, located in Cecil County, the effective property tax rate is 0.90%, which is below the national median of 1.02%. This rate is consistent across the county, highlighting a uniform approach to property tax assessment within this area. Compared to the national median property tax bill of $2,400, Elkton offers a more favorable tax environment, potentially making it an attractive option for property owners.
Understanding these rates is crucial for property owners in Elkton, as it affects their annual financial obligations and can influence decisions regarding property investment and ownership. By staying informed about local tax rates, property owners can better navigate their financial planning and optimize their investments.
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 Elkton Tax Rate
0.90%
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 Cecil County Tax Rate
0.89%
Median Effective Maryland Tax Rate
1.06%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elkton, Cecil County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21921 | 0.66% | 0.76% | 0.90% | 1.32% | 1.58% |
| 21911 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Elkton, Cecil County, Maryland
When examining property taxes in Elkton, Maryland, 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 Cecil 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 Cecil 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 Elkton. For example, the median home price in Elkton is $232,600, with tax bills ranging significantly across the county. Zip code 21921 has the highest median home price at $232,600.
Property Tax Assessment Values Across Elkton, Cecil County, Maryland
Source: Ownwell
$154,700
$249,050
$343,400
Median Elkton Market Value
$232,600
Median Cecil County Market Value
$239,900
Median Maryland Market Value
$317,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elkton, Cecil County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21921 | $118,000 | $169,200 | $232,600 | $311,100 | $409,010 |
| 21911 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Elkton, Cecil County, Maryland
In Elkton, MD, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in Elkton is $232,600, which influences the overall tax burden. With the national median property tax rate at 1.02%, Elkton homeowners experience tax bills that can vary significantly. For instance, tax bills in the 25th percentile are around $1,600, while those in the 75th percentile reach approximately $3,186. At the higher end, the 90th percentile tax bill can be as much as $4,314. These figures show how property taxes can impact homeowners differently, depending on the assessed value and local tax rates.
Ownwell offers a solution for Elkton homeowners looking to reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell helps homeowners navigate the complexities of property tax assessments, potentially lowering their annual tax obligations. This service ensures that homeowners are not overpaying and are maximizing their savings, making homeownership more affordable.
Median Elkton Tax Bill
$2,226
Median Cecil County Tax Bill
$2,238
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across Elkton, Cecil County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21921 | $1,110 | $1,600 | $2,226 | $3,186 | $4,314 |
| 21911 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell