Bushwood, St. Mary's County, Maryland Property Taxes
Median Bushwood, MD effective property tax rate: 1.08%, slightly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%. Median Bushwood, MD home value: $241,000. Median annual Bushwood, MD tax bill: $2,534, $134 higher than the national median property tax bill of $2,400.
How are property taxes in St. Mary's calculated?
Property taxes in Bushwood, 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 Bushwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bushwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bushwood, St. Mary's County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.08%
Estimate Property Tax Bill
$2,603
$2,415
Ownwell’s Bushwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bushwood with just two data points. By entering your property's estimated assessed value, our calculator applies Bushwood’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 St. Mary's County. With Bushwood's median property tax bill at $2,534, slightly above the national median of $2,400, understanding your tax obligations becomes even more critical. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Bushwood, St. Mary's 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. Below, you can compare Bushwood’s effective property tax rate to other cities in Maryland and the median property tax rates in Maryland and the U.S.
Bushwood, located in St. Mary's County, has an effective property tax rate of 1.08%. This is slightly above the national median property tax rate of 1.02%. The consistency in the tax rate across different areas within the county is noteworthy. The median property tax bill for residents in Bushwood is reflective of the local tax rate and the assessed property values. When compared to the national median property tax bill of $2,400, Bushwood's tax bills are competitive, offering residents a fair balance between services provided and taxes levied.
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 Bushwood Tax Rate
1.08%
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 St. Mary's County Tax Rate
1.05%
Median Effective Maryland Tax Rate
1.06%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bushwood, St. Mary's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20618 | 0.99% | 1.05% | 1.08% | 1.11% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Bushwood, St. Mary's County, Maryland
When examining property taxes in Bushwood, 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 St. Mary's 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 St. Mary's 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 Bushwood.
For example, the median home price in Bushwood is $241,000, with tax bills ranging significantly across the county. Zip code 20618 has the highest median home price at $241,000.
Property Tax Assessment Values Across Bushwood, St. Mary's County, Maryland
Source: Ownwell
$241,000
$381,150
$521,300
Median Bushwood Market Value
$241,000
Median St. Mary's County Market Value
$302,600
Median Maryland Market Value
$317,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bushwood, St. Mary's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20618 | $132,020 | $180,300 | $241,000 | $341,700 | $488,720 |
Source: Ownwell
Property Tax Bills Across Bushwood, St. Mary's County, Maryland
Median Bushwood Tax Bill
$2,534
Median St. Mary's County Tax Bill
$3,095
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across Bushwood, St. Mary's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20618 | $1,498 | $1,957 | $2,534 | $3,617 | $5,195 |
Source: Ownwell