Solomons, Calvert County, Maryland Property Taxes
Median Solomons, MD effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Solomons, MD home value: $309,200
Median annual Solomons, MD tax bill: $3,281, $881 higher than the national median property tax bill of $2,400.
How are property taxes in Calvert calculated?
Property taxes in Solomons, 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 Solomons’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Solomons, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Solomons, Calvert County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.04%
Estimate Property Tax Bill
$3,216
$2,984
Property Tax Rates Across Solomons, Calvert County, Maryland
Local government entities set property tax rates, and these can vary significantly within a state. The process involves each county estimating its required budget to provide necessary services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the core of the annual process.
In Solomons, located in Calvert County, Maryland, the effective property tax rate aligns with the state's median rate of 1.04%, which is slightly above the national median of 1.02%. This means residents in Solomons pay a bit more compared to the national average, but it is consistent with the rates seen across the state. Understanding these rates can help property owners anticipate their tax obligations and potentially identify opportunities for appeals or exemptions. By comparing Solomons' effective property tax rate to other areas within Maryland and the broader U.S., property owners can gain valuable insights into their local tax landscape and make informed decisions.
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 Solomons Tax Rate
1.04%
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 Calvert County Tax Rate
1.01%
Median Effective Maryland Tax Rate
1.06%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Solomons, Calvert County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20688 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Solomons, Calvert County, Maryland
When examining property taxes in Solomons, 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 Calvert 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 Calvert 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 Solomons. For example, the median home price in Solomons is $309,200, with tax bills ranging significantly across the county. ZIP code 20688 has the highest median home price at $309,200.
Property Tax Assessment Values Across Solomons, Calvert County, Maryland
Source: Ownwell
$226,700
$359,550
$492,400
Median Solomons Market Value
$309,200
Median Calvert County Market Value
$346,200
Median Maryland Market Value
$317,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Solomons, Calvert County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20688 | $187,240 | $232,200 | $309,200 | $398,400 | $535,320 |
Source: Ownwell
Property Tax Bills Across Solomons, Calvert County, Maryland
Median Solomons Tax Bill
$3,281
Median Calvert County Tax Bill
$3,494
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across Solomons, Calvert County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20688 | $2,049 | $2,488 | $3,281 | $4,155 | $5,608 |
Source: Ownwell