TaxBy County

Somerset County

Somerset County, Maryland

Effective Tax Rate

0.98%

Median Annual Tax

$1,603

How Somerset County Compares

Median Annual Property Tax

Somerset County$1,603
Maryland State Average$3,328
National Average$1,924

Somerset County

0.98%

Effective rate

Maryland Avg

0.95%

Effective rate

National Avg

0.91%

Effective rate

Tax by Mortgage Status

With Mortgage

$1,836

per year

Without Mortgage

$1,294

per year

Estimate Your Property Tax

$

Annual Tax

$1,603

Monthly Escrow

$134

Effective Rate

0.98%

vs. Maryland State Average▼ 51.8% below
vs. National Average▼ 40.4% below
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Frequently Asked Questions

What is the property tax rate in Somerset County, Maryland?
The effective property tax rate in Somerset County, Maryland is 0.98%. This rate is calculated by dividing the median property tax payment by the median home value in the county.
How much are property taxes in Somerset County?
The median annual property tax payment in Somerset County is $1,603. Homeowners with a mortgage pay a median of $1,836, while those without a mortgage pay $1,294.
How does Somerset County compare to the Maryland average?
Somerset County's effective tax rate of 0.98% is higher than the Maryland state average of 0.95%. The median annual property tax in Somerset County is $1,603, compared to the state average of $3,328.
What is the median home value in Somerset County, Maryland?
The median home value in Somerset County, Maryland is $164,300, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates.
How are property taxes calculated in Maryland?
Property taxes in Maryland are calculated based on the assessed value of your property multiplied by the local mill levy (tax rate). The assessed value is determined by your county assessor and may differ from market value. Homeowners may qualify for exemptions such as homestead, senior, veteran, or disability exemptions that can reduce the taxable value. Tax rates vary by county and include levies for schools, municipal services, and special districts.

Counties with Similar Tax Rates

Cecil County(MD)

Rate0.98%
Median Tax$3,059

Dorchester County(MD)

Rate0.95%
Median Tax$2,399

Carroll County(MD)

Rate0.94%
Median Tax$3,837

Kent County(MD)

Rate0.94%
Median Tax$2,896
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Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.

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