Eden, Somerset County, Maryland Property Taxes
Median Eden, 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 Eden, MD home value: $93,250
Median annual Eden, MD tax bill: $1,037, $1,363 lower than the national median property tax bill of $2,400.
How are property taxes in Somerset calculated?
Property taxes in Eden, 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 Eden’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Eden, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Eden, Somerset County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.11%
Estimate Property Tax Bill
$1,035
$961
Property Tax Rates Across Eden, Somerset County, Maryland
Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties like Somerset determine their budget requirements to provide essential services. They then divide this budget by the total value of all taxable properties within their jurisdiction, resulting in the property tax rate. This process, though influenced by votes and legislation, essentially defines the annual tax landscape.
In Eden, located in Somerset County, the effective property tax rate provides an interesting comparison to other cities in Maryland. While the state's median property tax rate is slightly higher than the national median of 1.02%, Eden's rate aligns with the county's overall tax framework. This suggests a balanced approach to property taxation within the region. For homeowners in Eden, understanding these rates is crucial as they reflect how local governance prioritizes service funding and fiscal responsibility. Comparing these rates with national figures can offer insights into regional economic strategies and property value assessments.
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 Eden Tax Rate
1.11%
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 Somerset County Tax Rate
1.08%
Median Effective Maryland Tax Rate
1.06%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Eden, Somerset County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21822 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Eden, Somerset County, Maryland
When examining property taxes in Eden, 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 Somerset 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 Somerset 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 Eden.
For example, the median home price in Eden is $93,250, with tax bills ranging significantly across the county. Zip code 21822 has the highest median home price at $93,250.
Property Tax Assessment Values Across Eden, Somerset County, Maryland
Source: Ownwell
$50,050
$95,175
$140,300
Median Eden Market Value
$93,250
Median Somerset County Market Value
$114,600
Median Maryland Market Value
$317,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Eden, Somerset County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21822 | $44,110 | $70,200 | $93,250 | $149,950 | $215,490 |
Source: Ownwell
Property Tax Bills Across Eden, Somerset County, Maryland
Median Eden Tax Bill
$1,037
Median Somerset County Tax Bill
$1,158
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across Eden, Somerset County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21822 | $490 | $774 | $1,037 | $1,665 | $2,390 |
Source: Ownwell