Rock Hall, Maryland Property Taxes
The median property tax rate in Rock Hall, MD is 1.14%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Rock Hall at $193,700, the typical annual property tax bill reaches $2,536, slightly below the national median of $2,690. Property taxes in Rock Hall are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rock Hall'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 Rock Hall or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rock Hall, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$2,208
$2,049
Ownwell’s Rock Hall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rock Hall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rock Hall 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 Rock Hall, Maryland
Property taxes in Rock Hall, Maryland, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rock Hall is 1.14%, higher than both the Maryland state median of 1.09% and the U.S. national median of 0.99%. Local government entities within Rock Hall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rock Hall 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 Rock Hall's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21661 zip code has the highest median property tax rate of 1.14%, while the 21661 zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Rock Hall provides valuable insights into the varying tax landscape across Kent County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rock Hall Tax Rate
1.14%
Average Kent County Tax Rate
1.12%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rock Hall, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21661 | 1.05% | 1.11% | 1.14% | 1.48% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Rock Hall, Maryland
In Rock Hall, 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 Kent 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 Rock Hall, 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. Being aware of these valuation processes in Rock Hall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $193,700, with tax bills ranging from $1,896 at the 25th percentile to $7,783 at the 90th percentile. The highest and lowest median tax bills are both $2,536 in the 21661 zip code.
Average Rock Hall Assessed Value
$193,700
Average Kent County Assessed Value
$227,650
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rock Hall, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21661 | $123,100 | $145,700 | $193,700 | $338,600 | $642,500 |
Source: Ownwell
Property Tax Bills Across Rock Hall, Maryland
In Rock Hall, located in Kent County, MD, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $193,700, homeowners in Rock Hall can expect varying tax bills depending on their property's assessed value and specific exemptions they may qualify for. Factors such as property size, location, and improvements can influence the assessed value. The tax bill can range significantly; the 25th percentile sees bills around $1,896, while the 75th percentile can reach up to $4,247. For those in the 90th percentile, tax bills can be as high as $7,783. The highest and lowest median tax bills in the area are both recorded at $2,536, highlighting the variability in property tax burdens. These taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and public safety.
Average Rock Hall Tax Bill
$2,536
Average Kent County Tax Bill
$2,628
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Rock Hall, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21661 | $1,375 | $1,896 | $2,536 | $4,247 | $7,783 |
Source: Ownwell