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Wednesday, December 25, 2024

Effective property tax rate in Anne Arundel County were lower than the national average in Q4 2023

Realestate4

Property owners in Anne Arundel County paid 0.8% of the value of their homes in property taxes in the fourth quarter of 2023, which is less than 0.8 times the national average, according to the real estate analysis posted by Anne Arundel Today.

The median sales price of a Anne Arundel County home in the fourth quarter of 2023 was $415,000, based on data from the 1,313 properties sold during that time. In 2023, the median tax bill for the county was $3,489, which is 0.8% of the median value of the homes that were taxed.

This is 0.8 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Anne Arundel County real estate data showed homeowners in Belhaven Beach paid the highest tax rate of 1.4%.

The following table compares Belhaven Beach with some other cities belonging to Anne Arundel County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2023.

CityQ4 2023 SalesQ4 2023 Median PriceMedian tax 2023Effective tax rate
Belhaven Beach2$307,500$4,3001.4%
Shady Side25$365,625$3,5681%
Brooklyn Park57$225,000$2,1861%
Paradise Beach2$401,000$4,1251%
Riva14$484,500$4,5750.9%
Mayo24$472,500$4,2760.9%
Edgewater30$420,000$3,7740.9%
Crofton71$432,600$3,8400.9%
Annapolis103$529,000$4,8240.9%
Arden on the Severn6$440,500$3,9020.9%
Glen Burnie163$310,000$2,6590.9%
Friendship2$432,000$3,7390.9%
Annapolis Neck55$650,000$5,3080.8%
Parole52$500,000$4,2180.8%
Odenton100$410,000$3,3060.8%
Deale13$420,000$3,4890.8%
Severn94$439,500$3,4390.8%
Lake Shore53$435,000$3,5960.8%
Linthicum27$379,000$3,0720.8%
Riviera Beach42$352,000$2,8400.8%
Pasadena60$377,500$3,0700.8%
Maryland City30$418,500$3,3150.8%
Jessup2$427,500$3,4430.8%
Revell Downs6$362,500$2,8940.8%
Woods Landing2$518,500$4,2950.8%
Greenwood Acres6$537,500$3,9470.7%
Severna Park80$698,950$4,7690.7%
Whispering Woods3$500,000$3,3890.7%
Arnold62$517,500$3,8540.7%
Ferndale38$395,000$2,6520.7%
Gambrills8$652,500$4,3830.7%
Cape St. Claire20$535,000$3,9260.7%
Bayside Beach2$582,450$3,9000.7%
Rose Haven4$434,500$3,1960.7%
Patuxent Manor3$600,000$3,8180.6%
Herald Harbor10$682,500$3,9580.6%

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