Chestertown, Kent County, Maryland Property Taxes

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

Median Chestertown, MD effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Chestertown, MD home value: $256,600
Median annual Chestertown, MD tax bill: $2,907, $507 higher than the national median property tax bill of $2,400.

How are property taxes in Kent County calculated?

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

Last Updated March 1, 2025

Chestertown, Kent County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.11%

Estimate Property Tax Bill

$2,848

$2,643

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

Property Tax Rates Across Chestertown, Kent County, Maryland

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Chestertown, located in Kent County, Maryland, the effective property tax rate is notably higher than the national median rate of 1.02%. Maryland's median property tax rate is 1.11%, which aligns with Chestertown's rate, positioning it above the national average. This indicates that property owners in Chestertown may experience higher tax bills compared to the national median property tax bill of $2,400.

Comparing Chestertown's effective property tax rate to other cities in Maryland and the broader U.S. landscape highlights the variation in tax burdens property owners face. Understanding these differences is crucial for property owners considering tax appeals or exemptions, as it can significantly impact their financial planning and property investment decisions.

Property Tax Rates Across Chestertown, Kent County, Maryland

Source: Ownwell

0.99%

1.10%

1.22%

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 Chestertown Tax Rate

1.11%

Median Effective Kent County Tax Rate

1.12%

Median Effective Maryland Tax Rate

1.06%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chestertown, Kent County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
21620	0.90%	1.01%	1.11%	1.29%	1.38%

Source: Ownwell

Property Tax Assessment Values Across Chestertown, Kent County, Maryland

When examining property taxes in Chestertown, 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 Kent 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. Assessment notices: In Kent 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 Chestertown. For example, the median home price in Chestertown is $256,600, with tax bills ranging significantly across the county. 21620 has the highest median home price at $256,600.

Property Tax Assessment Values Across Chestertown, Kent County, Maryland

Source: Ownwell

$165,400

$231,225

$297,050

Median Chestertown Market Value

$256,600

Median Kent County Market Value

$227,650

Median Maryland Market Value

$317,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chestertown, Kent County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
21620	$128,900	$176,750	$256,600	$404,250	$649,800

Source: Ownwell

Property Tax Bills Across Chestertown, Kent County, Maryland

Property tax bills in Chestertown, located in Kent County, Maryland, are determined based on the assessed value of a property, which is a percentage of its market value. The tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Chestertown face a median property tax bill of $2,907, which is slightly above the national median of $2,400. Factors such as property location, size, and improvements can influence the assessed value, thereby affecting the tax bill. For instance, the 25th percentile tax bill is $1,863, while the 75th percentile reaches $4,657, highlighting the variability in tax obligations across different properties. This financial burden can be significant for homeowners, especially those with higher assessed properties.

Ownwell assists homeowners in Chestertown by identifying potential savings on their property tax bills through appeal and exemption services. By analyzing property assessments and market conditions, Ownwell helps ensure that homeowners are not overpaying on their taxes, potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Chestertown, Kent County, Maryland

Source: Ownwell

$1,880

$2,594

$3,308

Median Chestertown Tax Bill

$2,907

Median Kent County Tax Bill

$2,628

Median Maryland Tax Bill

$3,419

Median United States Tax Bill

$2,400

Property Tax Bills Across Chestertown, Kent County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
21620	$1,298	$1,863	$2,907	$4,657	$7,409

Source: Ownwell