Salisbury, Wicomico County, Maryland Property Taxes
Median Salisbury, MD effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Salisbury, MD home value: $161,600
Median annual Salisbury, MD tax bill: $1,446, $954 lower than the national median property tax bill of $2,400.
How are property taxes in Wicomico calculated?
Property taxes in Salisbury, 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 Salisbury’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Salisbury, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Salisbury, Wicomico County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$1,487
$1,380
Property Tax Rates Across Salisbury, Wicomico County, Maryland
Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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.
In Salisbury, Wicomico County, MD, the effective property tax rate is a reflection of this annual budgeting process. When compared to the national median property tax rate of 1.02%, Salisbury's rate is competitive. Within the county, tax rates fluctuate, with the highest median rate reaching 1.00% in the 21801 zip code and the lowest at 0.87% in the 21804 zip code. The state median tax rate of 0.92% shows that Salisbury's rates are aligned with the state average. These variations highlight the importance of understanding local tax dynamics. By comparing Salisbury’s effective property tax rate to other cities in Maryland and the national median, property owners can better understand their tax obligations and potential savings.
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 Salisbury Tax Rate
0.92%
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 Wicomico County Tax Rate
0.94%
Median Effective Maryland Tax Rate
1.06%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Salisbury, Wicomico County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21801 | 0.87% | 0.94% | 1.00% | 1.00% | 1.00% |
| 21804 | 0.78% | 0.82% | 0.87% | 0.93% | 0.97% |
| 21802 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Salisbury, Wicomico County, Maryland
When examining property taxes in Salisbury, 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 Wicomico 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 Wicomico 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 Salisbury. For example, the median home price in Salisbury is $161,600, with tax bills ranging significantly across the county. Zip code 21801 has the highest median home price at $163,400.
Property Tax Assessment Values Across Salisbury, Wicomico County, Maryland
Source: Ownwell
$91,800
$152,200
$212,600
Median Salisbury Market Value
$161,600
Median Wicomico County Market Value
$161,300
Median Maryland Market Value
$317,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Salisbury, Wicomico County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21801 | $49,300 | $93,900 | $163,400 | $247,200 | $327,430 |
| 21804 | $64,400 | $100,500 | $160,700 | $218,100 | $296,000 |
| 21802 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Salisbury, Wicomico County, Maryland
Median Salisbury Tax Bill
$1,446
Median Wicomico County Tax Bill
$1,455
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across Salisbury, Wicomico County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21801 | $510 | $919 | $1,574 | $2,355 | $3,145 |
| 21804 | $601 | $899 | $1,391 | $1,840 | $2,506 |
| 21802 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell