Easton, Talbot County, Maryland Property Taxes
Median Easton, MD effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Easton, MD home value: $297,550
Median annual Easton, MD tax bill: $2,033, $367 lower than the national median property tax bill of $2,400.
How are property taxes in Talbot calculated?
Property taxes in Easton, 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 Easton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Easton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Easton, Talbot County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.7%
Estimate Property Tax Bill
$2,083
$1,933
Property Tax Rates Across Easton, Talbot County, Maryland
Local government entities in Maryland, such as those in Easton within Talbot County, set property tax rates, which can vary widely. Each year, counties calculate their required budget to provide essential services and then divide this by the total value of all taxable property within their jurisdiction. This process results in the property tax rate. While votes and laws are involved in setting these rates and budgets, this is the annual process in a nutshell.
Easton's effective property tax rate can be compared to other cities in Maryland and the national median. Easton stands out with a property tax rate that is notably below the national median of 1.02%. This lower rate can be an attractive feature for potential homeowners considering a move, as it suggests more affordable property tax bills compared to the national average. In contrast, while the national median property tax bill is $2,400, Easton offers a more budget-friendly option. As property tax rates significantly impact overall homeownership costs, Easton's competitive rate can be a key factor for those looking to maximize their investment.
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 Easton Tax Rate
0.70%
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 Talbot County Tax Rate
0.71%
Median Effective Maryland Tax Rate
1.06%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Easton, Talbot County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21601 | 0.53% | 0.68% | 0.70% | 0.72% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Easton, Talbot County, Maryland
When examining property taxes in Easton, MD, 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 Talbot 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.
In Talbot 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 Easton.
For example, the median home price in Easton is $297,550, with tax bills ranging significantly across the county. Zip code 21601 has the highest median home price at $297,550.
Property Tax Assessment Values Across Easton, Talbot County, Maryland
Source: Ownwell
$206,450
$473,525
$740,600
Median Easton Market Value
$297,550
Median Talbot County Market Value
$319,650
Median Maryland Market Value
$317,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Easton, Talbot County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21601 | $155,700 | $209,700 | $297,550 | $448,450 | $831,700 |
Source: Ownwell
Property Tax Bills Across Easton, Talbot County, Maryland
Median Easton Tax Bill
$2,033
Median Talbot County Tax Bill
$2,231
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across Easton, Talbot County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21601 | $1,048 | $1,424 | $2,033 | $3,121 | $5,894 |
Source: Ownwell