Ridge, St. Mary's County, Maryland Property Taxes
Median Ridge, MD effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Ridge, MD home value: $330,900
Median annual Ridge, MD tax bill: $3,484, $1,084 higher than the national median property tax bill of $2,400.
How are property taxes in St. Mary's calculated?
Property taxes in Ridge, 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 Ridge’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ridge, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ridge, St. Mary's County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.94%
Estimate Property Tax Bill
$3,937
$3,653
Ownwell’s Ridge Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ridge with just two data points.
By entering your property's estimated assessed value, our calculator applies Ridge’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.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Ridge, St. Mary's County, Maryland
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides 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, in a nutshell, this is the annual process.
Ridge in St. Mary's County, Maryland, offers a unique perspective on property tax rates. The effective property tax rate here aligns with the median property tax rate across Maryland. When compared to the national median property tax rate of 1.02%, Maryland's rate is slightly higher. This means that homeowners in Ridge may experience a marginally higher property tax bill compared to the national average of $2,400. However, it's important to consider that these rates are set to meet the specific budgetary needs of the county, ensuring that essential services are adequately funded.
Below, you can compare Ridge’s effective property tax rate to other cities in Maryland and the median property tax rates in Maryland and the U.S.
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 Ridge Tax Rate
0.94%
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
1.00%
Median Effective Maryland Tax Rate
1.21%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ridge, St. Mary's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20680 | 0.82% | 0.90% | 0.94% | 0.97% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Ridge, St. Mary's County, Maryland
When examining property taxes in Ridge, 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 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 Ridge. For example, the median home price in Ridge is $330,900, with tax bills ranging significantly across the county. Zip code 20680 has the highest median home price at $330,900.
Property Tax Assessment Values Across Ridge, St. Mary's County, Maryland
Source: Ownwell
$243,700
$385,275
$526,850
Median Ridge Market Value
$418,800
Median St. Mary's County Market Value
$332,600
Median Maryland Market Value
$338,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ridge, St. Mary's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20680 | $196,840 | $284,100 | $418,800 | $546,950 | $714,880 |
Source: Ownwell
Property Tax Bills Across Ridge, St. Mary's County, Maryland
In Ridge, located in St. Mary's County, MD, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in this region face a median property tax bill of $3,484, which is significantly above the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value, thereby impacting the tax bill. For homeowners, these taxes can represent a substantial financial obligation, especially when the tax bill reaches the 90th percentile at $5,891.
Ownwell assists homeowners by providing property tax appeal services, which can potentially lower these bills. By analyzing the assessed value and comparing it with similar properties, Ownwell identifies discrepancies and advocates for a fair assessment. This service can lead to significant savings, easing the financial burden on homeowners. With expertise in navigating the complexities of property tax systems, Ownwell is a valuable ally in ensuring that property taxes are fair and manageable.
Median Ridge Tax Bill
$3,773
Median St. Mary's County Tax Bill
$3,276
Median Maryland Tax Bill
$4,092
Median United States Tax Bill
$2,400
Property Tax Bills Across Ridge, St. Mary's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20680 | $1,683 | $2,527 | $3,773 | $5,006 | $6,518 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
|---|---|
| St. Mary's Tax Assessor | |
| Website | sdat.dat.maryland.gov |