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Severna Park, Anne Arundel County, Maryland Property Taxes

  • Median Severna Park, MD effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but lower than the Maryland state median of 1.06%.

  • Median Severna Park, MD home value: $527,450

  • Median annual Severna Park, MD tax bill: $4,796, $2,396 higher than the national median property tax bill of $2,400.

How are property taxes in Anne Arundel calculated?

Property taxes in Severna Park, 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 Severna Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Severna Park, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Severna Park, Anne Arundel County, Maryland Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.1%

Estimate Property Tax Bill

$5,759

$5,344

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

Ownwell’s Severna Park Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Severna Park with just two data points. By entering your property's estimated assessed value, our calculator applies Severna Park’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Anne Arundel County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Severna Park, Anne Arundel County, Maryland

Local government entities determine property tax rates, which can significantly differ across regions. Each county, like Anne Arundel in Maryland, estimates its annual budget to fund services and divides this by the total value of all taxable property within its area. This calculation results in the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is essentially the yearly process. Severna Park, located in Anne Arundel County, has an effective property tax rate that can be compared to other cities in Maryland and the median property tax rates in the state and across the U.S. Maryland's median property tax rate stands at 0.99%, slightly below the national median of 1.02%. This comparison highlights how Severna Park's property tax rate aligns with both state and national figures, offering residents a competitive tax environment.

Property Tax Rates Across Severna Park, Anne Arundel County, Maryland

Source: Ownwell

0.90%

1.13%

1.36%

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 Severna Park Tax Rate

1.10%

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 Anne Arundel County Tax Rate

1.09%

Median Effective Maryland Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Severna Park, Anne Arundel County, Maryland

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
211460.77%0.86%1.10%1.18%1.22%

Source: Ownwell

Property Tax Assessment Values Across Severna Park, Anne Arundel County, Maryland

When examining property taxes in Severna Park, Maryland, 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 Anne Arundel 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 Anne Arundel County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Severna Park.

For example, the median home price in Severna Park is $527,450, with tax bills ranging significantly across the county. Zip code 21146 has the highest median home price at $527,450.

Property Tax Assessment Values Across Severna Park, Anne Arundel County, Maryland

Source: Ownwell

$9,700

$1,007,850

$2,006,000

Median Severna Park Market Value

$523,500

Median Anne Arundel County Market Value

$386,400

Median Maryland Market Value

$338,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Severna Park, Anne Arundel County, Maryland

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
21146$346,400$426,500$523,500$650,700$857,400

Source: Ownwell

Property Tax Bills Across Severna Park, Anne Arundel County, Maryland

In Severna Park, Anne Arundel County, MD, property tax bills are calculated based on the assessed value of the home. The county uses this assessed value to determine the tax bill, which is influenced by local tax rates and any applicable exemptions. With a median home price of $527,450, homeowners in this area often face property tax bills higher than the national median of $2,400. For instance, the median tax bill in Severna Park is $4,796, which is significantly above the national average. This discrepancy can place a substantial financial burden on homeowners.

Factors such as property improvements and changes in market conditions can also affect the assessed value and, consequently, the tax bill. Ownwell offers valuable assistance to homeowners by providing property tax appeal services. By analyzing local market data and identifying discrepancies in assessed values, Ownwell can help homeowners potentially lower their tax bills. This service can be particularly beneficial in areas like Severna Park, where the property tax burden is notably high.

Property Tax Bills Across Severna Park, Anne Arundel County, Maryland

Source: Ownwell

$99

$11,938

$23,776

Median Severna Park Tax Bill

$5,392

Median Anne Arundel County Tax Bill

$4,073

Median Maryland Tax Bill

$4,092

Median United States Tax Bill

$2,400

Property Tax Bills Across Severna Park, Anne Arundel County, Maryland

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
21146$3,153$4,107$5,392$6,949$8,857

Source: Ownwell

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