Talbot County, Maryland property tax
The median homeowner in Talbot County, Maryland pays $2,623 a year in property tax on a home worth $398,300, an effective rate of 0.66%. The national effective rate is 0.98%.
What the rate means here
At 0.66%, Talbot County taxes property more lightly than the national 0.98%. This is the case where the rate misleads. Owners pay $2,623 a year, which is what matters, and the low percentage is a function of what housing is worth rather than of restraint by the county.
Inside Maryland it is among the lightest, ranking #24 of 24, against a statewide 1.00%. Baltimore city, in the same state, charges 1.48%. Comparing states on property tax hides differences like that, which is why this site publishes counties.
The median home costs 4.72 times the median household income of $84,378, against 3.86 nationally, so housing absorbs an unusually large share of what people here earn. Renters pay 17.75% of median income in gross rent. With 37,707 residents, the sample behind these medians is small, and the survey's own margins of error are correspondingly wider.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Talbot County | Maryland | United States | |
|---|---|---|---|
| Effective property tax | 0.66% | 1.00% | 0.98% |
| Median tax bill | $2,623 | $3,989 | $2,969 |
| Median home value | $398,300 | $397,700 | $303,400 |
| Median gross rent | $1,248 | $1,662 | $1,348 |
| Median household income | $84,378 | $101,652 | $78,538 |
| Home price to income | 4.72× | 3.91× | 3.86× |
| Rent as share of income | 17.75% | 19.62% | 20.6% |
| Owner-occupied | 72.69% | 67.48% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 37,707.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Caroline County | 0.92% | $2,513 | $272,400 |
| Dorchester County | 0.95% | $2,399 | $252,300 |
| Garrett County | 0.83% | $1,792 | $217,000 |
| Somerset County | 0.98% | $1,603 | $164,300 |
| Queen Anne's County | 0.79% | $3,503 | $441,800 |
Talbot County property tax: common questions
What is the property tax rate in Talbot County, Maryland?
The effective rate is 0.66% of home value, from a median tax bill of $2,623 against a median home value of $398,300. That is 0.32 points below the national 0.98%.
How much is property tax on a $400,000 home in Talbot County?
Roughly $2,640 a year at the county effective rate of 0.66%.
Is Talbot County expensive compared with the rest of Maryland?
It ranks #24 of 24 Maryland counties by effective property tax rate, and #1876 of 2,826 nationally. That is 0.34 points below the Maryland average of 1.00%.
What does housing cost in Talbot County?
The median home is worth $398,300 and median gross rent is $1,248 a month. Median household income is $84,378, which puts the home at 4.72 times annual income and rent at 17.75% of it.