Cordova, Talbot County, Maryland Property Taxes

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

Median Cordova, MD effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Cordova, MD home value: $243,550
Median annual Cordova, MD tax bill: $1,478, $922 lower than the national median property tax bill of $2,400.

How are property taxes in Talbot calculated?

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

Last Updated March 1, 2025

Cordova, Talbot County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.74%

Estimate Property Tax Bill

$1,802

$1,672

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

Property Tax Rates Across Cordova, Talbot County, Maryland

Local government entities set tax rates, which can vary widely within a state. This variation occurs because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. The outcome of this calculation is 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 Cordova, located in Talbot County, Maryland, the effective property tax rate is a reflection of such local government calculations. Compared to the national median property tax rate of 1.02%, Cordova's rate is notably lower. This provides a favorable comparison for property owners in Cordova, as they benefit from a more economical tax rate. Additionally, when comparing Cordova's rate to the broader state median, it remains competitive, offering residents an attractive financial advantage. This advantageous tax rate can be an appealing factor for potential property buyers and a relief for current homeowners seeking to manage their expenses effectively.

Property Tax Rates Across Cordova, Talbot County, Maryland

Source: Ownwell

0.70%

0.81%

0.92%

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 Cordova Tax Rate

0.74%

Median Effective Talbot County Tax Rate

0.71%

Median Effective Maryland Tax Rate

1.06%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cordova, Talbot County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
21625	0.40%	0.47%	0.74%	0.86%	0.86%

Source: Ownwell

Property Tax Assessment Values Across Cordova, Talbot County, Maryland

When examining property taxes in Cordova, 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 Talbot 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 Talbot 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 Cordova. For example, the median home price in Cordova is $243,550, with tax bills ranging significantly across the county. 21625 has the highest median home price at $243,550.

Property Tax Assessment Values Across Cordova, Talbot County, Maryland

Source: Ownwell

$206,450

$473,525

$740,600

Median Cordova Market Value

$243,550

Median Talbot County Market Value

$319,650

Median Maryland Market Value

$317,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cordova, Talbot County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
21625	$107,310	$162,350	$243,550	$339,500	$428,270

Source: Ownwell

Property Tax Bills Across Cordova, Talbot County, Maryland

In Cordova, located in Talbot County, MD, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. For homeowners in Cordova, the median home price is $243,550. Property tax bills can vary significantly, with the 25th percentile at $942, the 75th percentile at $2,299, and the 90th percentile reaching $3,303. The median property tax bill in this area is $1,478, which is below the national median of $2,400. Factors influencing these bills include the assessed home value and local tax rates. Homeowners in Cordova may find their property tax bills to be a manageable aspect of homeownership, yet there is always potential for savings. Ownwell offers services to help homeowners appeal their property tax assessments, potentially lowering their tax bills. By reviewing the assessed value and ensuring it aligns with market conditions, Ownwell can assist homeowners in Cordova in reducing their property tax burden, ensuring they only pay their fair share.

Property Tax Bills Across Cordova, Talbot County, Maryland

Source: Ownwell

$1,478

$3,197

$4,916

Median Cordova Tax Bill

$1,478

Median Talbot County Tax Bill

$2,231

Median Maryland Tax Bill

$3,419

Median United States Tax Bill

$2,400

Property Tax Bills Across Cordova, Talbot County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
21625	$611	$942	$1,478	$2,299	$3,303

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Talbot Tax Assessor
Website	sdat.dat.maryland.gov