Somerset County Maryland Property Tax
$1,174.00 23rd of 24Median Property Tax In Somerset County, Maryland
|
$155,900.00Median Home Value In
Somerset County, Maryland |
0.75% 14th of 24
Median Property Tax
As Percentage Of Home Value |
$50,856.00
Median Income In
Somerset County, Maryland |
The median property tax (also known as real estate tax) in Somerset County is $1,174.00 per year, based on a median home value of $155,900.00 and a median effective property tax rate of 0.75% of property value.
Somerset County collects relatively high property taxes, and is ranked in the top half of all counties in the United States by property tax collections. Of the twenty-four counties in Maryland, Somerset County is ranked 23rd by median property taxes, and 14th by median tax as percentage of home value.
While Somerset County collects a median of 0.75% of a property's each year as property tax, the actual amount of property tax collected is lower compared to the rest of Maryland. This is partially because the median property value in Somerset County is $162,700.00 lower than the Maryland median property value of $318,600.00.
Note: Due to the complicated and varied methods used to calculate property tax in different counties, the best way to compare property taxes between jurisdictions is through median property tax values. If you need to calculate the exact tax due on your property, contact the Somerset County Tax Assessor.
Somerset County's Property Tax Is Higher Than Average
23rd out of 24By median yearly property tax
|
14th out of 24
By percentage of median home value
|
22nd out of 24
By percentage of median income
|
You can see how Somerset County (highlighted in green) compares to the twenty-four other counties in Maryland with the bar chart above, sorted by median property tax in dollars. For a visual map of county property tax rates in Maryland, see our Maryland county property tax map.
Remember: Real estate prices also play a large part in which Maryland counties have the highest and lowest median property taxes. Higher-valued properties will generally have higher taxes, even if the median percentage of home value levied as property tax is different. For comparisons, you can also use Percentage Of Home Value.
Somerset County is located in Maryland, which is ranked 11th highest of the 50 states by median property tax. Here's how Somerset County's property tax compares to the 3,142 other counties nationwide:
1207th out of 3143By median yearly property tax
|
1631st out of 3143
By percentage of median home value
|
1144th out of 3143
By percentage of median income
|
To see how Maryland as a whole compares to the rest of the states, check our our interactive state-by-state property tax map. You can find statewide statistics on the Maryland property tax page.
We have real estate tax tax information for a total of twenty-four Maryland counties in addition to Somerset County. Choose any county from the list below, or see Maryland property tax by county to see property tax information for all Maryland counties on one page. To compare county tax rates with an interactive color-coded map, see our Maryland property tax map.
Our property tax lookup tool can help you find public record details about your property, including your most recent property assessment.
Citations
U.S. Census Bureau
American Community Survey, 2006-2010 |
The Tax Foundation
Property Tax Calculations, July 2012 |
Maryland Comptroller of Maryland
Tax Statistics & References |