Eden, Worcester County, Maryland Property Taxes
The median property tax rate in Eden, MD is 0.76%, which is notably lower than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Eden at $233,900, the typical annual property tax bill is approximately $1,790, significantly less than the national median of $2,690. Property taxes in Eden are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural land. Understanding Eden's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Eden or another part of Worcester County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eden, Worcester County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$1,778
$1,650
Ownwell’s Eden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eden 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 Eden, Worcester County, Maryland
Property taxes in Eden, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eden is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Eden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eden 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 Eden's effective property tax rate to other counties in Maryland and the national median. For comparison, the 21822 zip code has both the highest and lowest median property tax rate of 0.76%. Understanding how these areas compare with Eden provides valuable insights into the varying tax landscape across Worcester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eden Tax Rate
0.76%
Average Worcester County Tax Rate
1.41%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eden, Worcester County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21822 | 0.67% | 0.71% | 0.76% | 0.79% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Eden, Worcester County, Maryland
In Eden, 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 Worcester 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 Eden, 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. In Eden, the zip code with the highest median tax bill is 21822, with a tax bill of $1,790. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Eden, Worcester County, Maryland
Source: Ownwell
$139,000
$228,325
$317,650
Average Eden Assessed Value
$233,900
Average Worcester County Assessed Value
$251,400
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eden, Worcester County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21822 | $139,950 | $162,325 | $233,900 | $316,275 | $377,300 |
Source: Ownwell
Property Tax Bills Across Eden, Worcester County, Maryland
In Eden, Worcester County, MD, property tax bills are calculated based on the assessed value of the property. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $233,900, the property tax rate in Eden results in varying tax bills. Homeowners in the 25th percentile can expect to pay around $1,169 annually, while those in the 75th percentile might see bills closer to $2,320. The 90th percentile reaches up to $2,995. Factors such as property improvements, market conditions, and neighborhood developments can influence the assessed value, directly impacting the tax bill. Compared to the national median property tax rate of 0.99%, Eden's rates reflect a balance between affordability and the funding needs of local services. Homeowners must consider these taxes as part of their overall housing costs, affecting their financial planning and long-term investment in their property.
Average Eden Tax Bill
$1,790
Average Worcester County Tax Bill
$2,901
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Eden, Worcester County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21822 | $907 | $1,169 | $1,790 | $2,320 | $2,995 |
Source: Ownwell