Snow Hill, Wicomico County, Maryland Property Taxes

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

Median Snow Hill, MD effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Snow Hill, MD home value: $198,250
Median annual Snow Hill, MD tax bill: $1,586, $814 lower than the national median property tax bill of $2,400.

How are property taxes in Wicomico calculated?

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

Last Updated March 1, 2025

Snow Hill, Wicomico County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.8%

Estimate Property Tax Bill

$1,586

$1,472

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

Property Tax Rates Across Snow Hill, Wicomico 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. In Snow Hill, located in Wicomico County, Maryland, the effective property tax rate is notably lower than the national median. This can be quite appealing to property owners, as it means a lower tax burden compared to many other regions across the country. Maryland's median property tax rate is also below the national median, offering even more incentive for property investment in the area. Comparing Snow Hill’s effective property tax rate with other cities in Maryland and the U.S. can provide valuable insights for homeowners and investors looking to make informed decisions about property ownership in the region.

Property Tax Rates Across Snow Hill, Wicomico County, Maryland

Source: Ownwell

0.81%

0.90%

1.00%

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 Snow Hill Tax Rate

0.80%

Median Effective Wicomico County Tax Rate

0.94%

Median Effective Maryland Tax Rate

1.06%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Snow Hill, Wicomico County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
21863	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Snow Hill, Wicomico County, Maryland

When examining property taxes in Snow Hill, 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 Wicomico 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. In Wicomico 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 Snow Hill. For example, the median home price in Snow Hill is $198,250, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Snow Hill, Wicomico County, Maryland

Source: Ownwell

$91,800

$152,200

$212,600

Median Snow Hill Market Value

$198,250

Median Wicomico County Market Value

$161,300

Median Maryland Market Value

$317,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Snow Hill, Wicomico County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
21863	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Snow Hill, Wicomico County, Maryland

In Snow Hill, located in Wicomico County, MD, property tax bills are determined by the assessed value of a home combined with the local tax rate. The median home price in this area is $198,250, which influences the tax bill calculation. Homeowners can expect property tax bills ranging from the 25th percentile at $1,520 to the 90th percentile at $1,692. Compared to the national median property tax bill of $2,400, Snow Hill offers relatively affordable property taxes. However, these bills can still be a significant expense for homeowners. Various factors, such as changes in home value and local tax rates, can affect the final amount due.

Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying. With expert guidance, homeowners can navigate the complex property tax system, maximizing their savings and ensuring fair taxation.

Property Tax Bills Across Snow Hill, Wicomico County, Maryland

Source: Ownwell

$907

$1,460

$2,013

Median Snow Hill Tax Bill

$1,586

Median Wicomico County Tax Bill

$1,455

Median Maryland Tax Bill

$3,419

Median United States Tax Bill

$2,400

Property Tax Bills Across Snow Hill, Wicomico County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
21863	N/A	N/A	N/A	N/A	N/A

Source: Ownwell