Wye Mills, Talbot County, Maryland Property Taxes
Property Taxes in Wye Mills, Maryland
Median Wye Mills, Maryland effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, and lower than the Maryland state median of 1.21%.
Median Wye Mills, Maryland home value: $528,500
Median annual Wye Mills, Maryland tax bill: $3,477, higher than the national median property tax bill of $2,400.
How are property taxes in Talbot calculated?
Property taxes in Wye Mills, 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 Wye Mills's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wye Mills, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Wye Mills, Talbot County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$3,805
$3,531
How Does the Wye Mills Property Tax Calculator Work?
Use this Wye Mills property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Wye Mills's median effective tax rate of 0.72% — based on actual property records in Talbot County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Wye Mills'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 Wye Mills: rates range from 0.72% in 21679 to 0.72% in 21679, 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 Wye Mills.
About Wye Mills Property Taxes
About Property Taxes in Wye Mills, Talbot, Maryland
Wye Mills’s median effective property tax rate of 0.72% is lower than the Maryland state median of 1.21% and lower 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 Wye Mills. Homeowners in ZIP code 21679 carry a median effective rate of 0.72%, and the spread across the city is 0 percentage points. Understanding how your assessed value is set can make a meaningful difference to your annual tax bill.
Wye Mills 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 Wye Mills, 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 Wye Mills'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 Wye Mills Tax Rate
0.72%
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 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 Wye Mills, Talbot County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21679 | 0.39% | 0.56% | 0.72% | 0.80% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Wye Mills, Talbot County, Maryland
When examining property taxes in Wye Mills, 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. Talbot County 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 Wye Mills, the median home price is $528,500, with a median tax bill of $3,477. Tax bills range from $1,725 at the 25th percentile to $5,659 at the 90th percentile, and ZIP code 21679 has the highest median home price at $528,500.
Property Tax Assessment Values Across Wye Mills, Talbot County, Maryland
Source: Ownwell
$239,500
$493,150
$746,800
Median Wye Mills Market Value
$528,500
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 Wye Mills, Talbot County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21679 | $204,540 | $279,000 | $528,500 | $650,650 | $809,540 |
Source: Ownwell
Property Tax Bills Across Wye Mills, Talbot County, Maryland
Property tax bills in Wye Mills are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For homeowners, the assessed value is the starting point for the bill, and changes in that value can directly affect what is owed each year. In Talbot County, the median home price is $528,500, and the median property tax bill is $3,477, which is above the national median property tax bill of $2,400 and above the national median property tax rate of 1.02%.
Several factors can influence the final bill, including the home’s assessed value, local tax rates, and any exemptions that may apply. Bills can vary widely, with the 25th percentile at $1,725 and the 75th percentile at $4,416, while the 90th percentile reaches $5,659. For homeowners, this means property taxes can be a significant ongoing housing cost, especially when assessments rise faster than expected.
Median Wye Mills Tax Bill
$3,477
Median Talbot County Tax Bill
$2,311
Median Maryland Tax Bill
$4,092
Median United States Tax Bill
$2,400
Property Tax Bills Across Wye Mills, Talbot County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21679 | $1,098 | $1,725 | $3,477 | $4,416 | $5,659 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 13 |
Links | |
|---|---|
| Talbot Tax Assessor | |
| Website | sdat.dat.maryland.gov |