Toddville, Dorchester County, Maryland Property Taxes

Name: Property Tax Bills Across Toddville, Dorchester County, Maryland
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Toddville, MD effective property tax rate: 1.21%, significantly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Toddville, MD home value: $59,400
Median annual Toddville, MD tax bill: $721, $1,679 lower than the national median property tax bill of $2,400.

How are property taxes in Dorchester calculated?

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

Last Updated March 1, 2025

Toddville, Dorchester County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.21%

Estimate Property Tax Bill

$719

$667

Ownwell’s Toddville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Toddville with just two data points. By entering your property's estimated assessed value, our calculator applies Toddville’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 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 Dorchester. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Toddville, Dorchester County, Maryland

Local government entities set tax rates, which can vary widely within a state. This variation is because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.

In Todville, located in Dorchester County, Maryland, the effective property tax rate reflects this process. Compared to other cities in Maryland, Todville's rate is aligned with the state's median tax rate of 1.21%, which is notably higher than the national median of 1.02%. This means that property owners in Todville may experience a higher tax bill compared to the national average.

Understanding these rates is crucial for property owners as they navigate their financial responsibilities. With property taxes playing a significant role in funding local services, staying informed about how your city's rates compare to state and national averages can help in planning and budgeting effectively.

Property Tax Rates Across Toddville, Dorchester County, Maryland

Source: Ownwell

1.10%

1.28%

1.46%

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 Toddville Tax Rate

1.21%

Median Effective Dorchester County Tax Rate

1.17%

Median Effective Maryland Tax Rate

1.06%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Toddville, Dorchester County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
21672	1.15%	1.18%	1.21%	1.26%	1.35%

Source: Ownwell

Property Tax Assessment Values Across Toddville, Dorchester County, Maryland

When examining property taxes in Toddville, 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 Dorchester 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 Dorchester 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 Toddville. For example, the median home price in Toddville is $59,400, with tax bills ranging significantly across the county. Zip code 21672 has the highest median home price at $59,400.

Property Tax Assessment Values Across Toddville, Dorchester County, Maryland

Source: Ownwell

$47,800

$178,750

$309,700

Median Toddville Market Value

$59,400

Median Dorchester County Market Value

$163,800

Median Maryland Market Value

$317,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Toddville, Dorchester County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
21672	$24,660	$39,350	$59,400	$82,700	$143,140

Source: Ownwell

Property Tax Bills Across Toddville, Dorchester County, Maryland

In Toddville, located in Dorchester County, MD, property tax bills are determined based on the assessed value of a home. With a median home price of $59,400, homeowners here face property tax bills that can vary significantly. The tax bill at the 25th percentile is $496, while at the 75th percentile, it climbs to $980, and at the 90th percentile, it reaches $1,575. These figures are notably lower than the national median property tax bill of $2,400, reflecting the local economic landscape. Factors influencing the tax bill include the assessed home value and the local tax rate. For homeowners, these taxes can represent a significant annual expense. However, Ownwell offers valuable assistance by helping homeowners navigate the property tax appeal process. By ensuring that property assessments are fair and accurate, Ownwell can help homeowners potentially lower their tax bills, resulting in substantial savings. This service is especially beneficial in areas like Toddville, where every dollar counts.

Property Tax Bills Across Toddville, Dorchester County, Maryland

Source: Ownwell

$592

$2,042

$3,492

Median Toddville Tax Bill

$721

Median Dorchester County Tax Bill

$2,036

Median Maryland Tax Bill

$3,419

Median United States Tax Bill

$2,400

Property Tax Bills Across Toddville, Dorchester County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
21672	$334	$496	$721	$980	$1,575

Source: Ownwell