Stevensville, Queen Anne's County, Maryland Property Taxes

Local government entities set tax rates, which can vary widely within a state. Why? Because 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 Stevensville’s effective property tax rate to other cities in Maryland and the median property tax rates in Maryland and the U.S.

In Stevensville, located in Queen Anne's County, the property tax rate is a significant consideration for homeowners. Compared to the national median property tax rate of 1.02%, Stevensville's rate is competitive, offering residents a favorable tax environment. This rate is reflective of the county's strategic budget planning and efficient allocation of resources. It is essential for property owners in Stevensville to understand how these rates are determined, as it impacts their annual tax bills. By staying informed, homeowners can better manage their finances and potentially explore opportunities for tax appeals or exemptions, ensuring they are not overpaying on their property taxes.

In Stevensville, Queen Anne's County, MD, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value is an estimate of the home's market value, which is periodically evaluated by the county. Factors such as recent sales of comparable properties, improvements made to the property, and the overall real estate market conditions influence this assessment. Homeowners in Stevensville face a median property tax bill of $3,437, which is notably higher than the national median of $2,400. The tax bills in this area range significantly, with the 25th percentile at $2,806 and the 90th percentile reaching $6,916, reflecting the variability in property values and assessments.

Ownwell assists homeowners by offering property tax appeal and exemption services, potentially reducing their tax burden. With expertise in navigating the complexities of property tax assessments, Ownwell can identify discrepancies in the assessed value and work to ensure that homeowners are not overpaying. This can lead to significant savings, providing financial relief for property owners in Stevensville.