Stevensville, Maryland Property Taxes
The median property tax rate in Stevensville, MD is 0.94%, slightly below the Maryland state median of 1.06% but still higher than the national median of 0.99%. With a median home value of $364,500 in Stevensville, the typical annual property tax bill amounts to $3,437, significantly exceeding the national median of $2,690. Property taxes in Stevensville 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 Stevensville'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 Stevensville or another part of Queen Anne's County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stevensville, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$3,426
$3,180
Ownwell’s Stevensville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stevensville with just two simple inputs. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stevensville to provide an accurate estimate of your property tax bill. This valuable tool helps you gauge potential tax liabilities with ease. For those interested in more granular insights, further information on neighborhood-level trends is available below. Your property’s assessed value is determined by Queen Anne's County for tax purposes and includes any applicable exemptions, ensuring you get a precise calculation tailored to your specific situation.
Property Tax Rates Across Stevensville, Maryland
Property taxes in Stevensville, Maryland, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stevensville is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Stevensville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stevensville 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 Stevensville's effective property tax rate to other areas in Queen Anne's County and the national median. For comparison, the zip code 21666 has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these areas compare with Stevensville provides valuable insights into the varying tax landscape across Queen Anne's County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stevensville Tax Rate
0.94%
Average Queen Anne's County Tax Rate
0.94%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stevensville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21666 | 0.94% | 0.94% | 0.94% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Stevensville, Maryland
In Stevensville, 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 Queen Anne's 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 Stevensville, 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 Stevensville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Stevensville is $364,500. The 25th percentile tax bill is $2,806, while the 75th percentile tax bill is $4,436. The 90th percentile tax bill can go up to $6,916. Interestingly, the zip code 21666 has both the highest and lowest median tax bill, which stands at $3,437.
Average Stevensville Assessed Value
$364,500
Average Queen Anne's County Assessed Value
$361,000
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stevensville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21666 | $255,490 | $297,300 | $364,500 | $470,525 | $733,630 |
Source: Ownwell
Property Tax Bills Across Stevensville, Maryland
In Stevensville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Stevensville stands at $364,500. To determine the tax bill, the assessed value is multiplied by the local property tax rate. For homeowners in Stevensville, the tax bills can vary significantly. For instance, the tax bill at the 25th percentile is around $2,806, while at the 75th percentile, it climbs to approximately $4,436. At the 90th percentile, it can reach up to $6,916. These figures indicate that property taxes in Stevensville can be higher than the national median property tax rate of 0.99%. The highest and lowest median tax bills in the area are both $3,437, highlighting some uniformity in certain parts of the city. Homeowners must factor in these costs as they can significantly impact the overall cost of owning a home in Stevensville.
Average Stevensville Tax Bill
$3,437
Average Queen Anne's County Tax Bill
$3,399
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Stevensville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21666 | $2,428 | $2,806 | $3,437 | $4,436 | $6,916 |
Source: Ownwell