Sudlersville, Maryland Property Taxes
The median property tax rate in Sudlersville, MD is 0.82%, which is lower than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Sudlersville at $269,400, the typical annual property tax bill reaches $2,198, falling below the national median of $2,690. Property taxes in Sudlersville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sudlersville'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 Sudlersville 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
Sudlersville, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$2,209
$2,050
Ownwell’s Sudlersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sudlersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sudlersville 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 Sudlersville, Maryland
Property taxes in Sudlersville, Maryland, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sudlersville is 0.82%, lower than the U.S. national median of 0.99%. Local government entities within Sudlersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sudlersville 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 Sudlersville's effective property tax rate to other areas in Maryland and the national median. For comparison, the zip code 21668 has both the highest and lowest median property tax rate of 0.82%. Understanding how this compares with Sudlersville 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 Sudlersville Tax Rate
0.82%
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 Sudlersville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21668 | 0.72% | 0.77% | 0.82% | 0.87% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Sudlersville, Maryland
In Sudlersville, 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 assessment office 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 Sudlersville, 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. The median home price in Queen Anne's County stands at $269,400, with tax bills ranging from $1,685 at the 25th percentile to $3,832 at the 90th percentile. 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 Sudlersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sudlersville Assessed Value
$269,400
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 Sudlersville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21668 | $154,980 | $200,500 | $269,400 | $362,150 | $475,600 |
Source: Ownwell
Property Tax Bills Across Sudlersville, Maryland
In Sudlersville, located in Queen Anne's County, MD, property tax bills are calculated based on the assessed value of the property. The assessment is conducted by local authorities who determine the market value of the home. Homeowners in Sudlersville typically see property tax bills ranging from $1,685 at the 25th percentile to $3,832 at the 90th percentile, with the median tax bill being $2,198. This median tax bill is notably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Higher-valued properties generally incur higher tax bills, impacting homeowners' overall expenses. For example, a home with a median market price of $269,400 would have a corresponding tax bill reflective of the local tax rate and assessment. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances more effectively.
Average Sudlersville Tax Bill
$2,198
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 Sudlersville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21668 | $1,349 | $1,685 | $2,198 | $2,886 | $3,832 |
Source: Ownwell