Sherwood, Talbot County, Maryland Property Taxes
Property Taxes in Sherwood, Maryland
Median Sherwood, Maryland effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, and lower than the Maryland state median of 1.21%.
Median Sherwood, Maryland home value: $457,600
Median annual Sherwood, Maryland tax bill: $3,436, $1,036 higher than the national median property tax bill of $2,400.
How are property taxes in Talbot calculated?
Property taxes in Sherwood, Maryland 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 Sherwood's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sherwood, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Sherwood, Talbot County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$3,890
$3,609
How Does the Sherwood Property Tax Calculator Work?
Use this Sherwood property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Sherwood's median effective tax rate of 0.85% — based on actual property records in Talbot County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Sherwood's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Sherwood: rates range from 0.85% in 21665 to 0.85% in 21665, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Sherwood.
About Sherwood Property Taxes
About Property Taxes in Sherwood, Talbot, Maryland
Sherwood’s median effective property tax rate of 0.85% is lower than the Talbot County median of 1.21% and higher than the national median of 1.02%. This rate reflects the Talbot County base levy combined with local school district levies and special taxing districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Sherwood. Homeowners in the 21665 ZIP code carry a median effective rate of 0.85%, while those in the same ZIP code also pay 0.85%. This reflects how school district boundaries and local assessment districts are drawn across Talbot County. Understanding which part of Sherwood you live in can make a meaningful difference to your annual tax bill.
Sherwood homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the February 13, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Sherwood, Talbot County, Maryland
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? 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. 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 Sherwood'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 Ă· 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 Sherwood Tax Rate
0.85%
Our median effective property tax rate (tax bill Ă· 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 Talbot County Tax Rate
0.76%
Median Effective Maryland Tax Rate
1.21%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sherwood, Talbot County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21665 | 0.48% | 0.71% | 0.85% | 0.87% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Sherwood, Talbot County, Maryland
When examining property taxes in Sherwood, 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 Talbot County assessment office 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 December.
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. For Sherwood, the median home price is $457,600, with a median tax bill of $3,436. The 25th percentile tax bill is $2,234, while the 75th percentile is $8,179 and the 90th percentile reaches $11,971. The highest median home price is in 21665 at $457,600.
Property Tax Assessment Values Across Sherwood, Talbot County, Maryland
Source: Ownwell
$239,500
$493,150
$746,800
Median Sherwood Market Value
$457,600
Median Talbot County Market Value
$338,300
Median Maryland Market Value
$338,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sherwood, Talbot County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21665 | $190,650 | $299,075 | $457,600 | $958,900 | $1,458,700 |
Source: Ownwell
Property Tax Bills Across Sherwood, Talbot County, Maryland
Property tax bills in Sherwood are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value is the starting point for the bill, and it can change when a home is bought, improved, or reassessed by the county. For Sherwood homeowners, the median home price is $457,600, and the median tax bill is $3,436, which is above the national median property tax bill of $2,400.
Several factors affect the final amount a homeowner pays, including the property’s location, its assessed value, and any local tax rates set by Talbot County and other taxing authorities. Bills can vary widely, with the 25th percentile at $2,234 and the 90th percentile at $11,971. This means two homes in the same area can have very different tax bills depending on value and local assessments. Higher property taxes can increase annual housing costs and make it especially important for homeowners to review their assessments carefully.
Median Sherwood Tax Bill
$3,436
Median Talbot County Tax Bill
$2,311
Median Maryland Tax Bill
$4,092
Median United States Tax Bill
$2,400
Property Tax Bills Across Sherwood, Talbot County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21665 | $1,297 | $2,234 | $3,436 | $8,179 | $11,971 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 13 |
Links | |
|---|---|
| Talbot Tax Assessor | |
| Website | sdat.dat.maryland.gov |