21405 Property Tax Rate

Property owners in ZIP code 21405 (Annapolis, Maryland) pay a median of $10,001/year in property taxes on homes valued at $944,000. This translates to an effective tax rate of 1.06%, which is 10% above the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 21405 is approximately $833, which factors into escrow payments on mortgages. This ZIP code is located within Anne Arundel County. This is $6,027 more than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 21405 has higher property taxes. ZIP codes with similar effective rates include 21093 (1.06%) and 21244 (1.06%).

In Annapolis, property taxes represent approximately 5.5% of the median household income of $182,614, providing context for the relative tax burden on homeowners in this area.

Maryland's Homestead Tax Credit caps annual assessment increases at 10% for your primary residence, though your initial purchase-year assessment is unrestricted — file for the credit with Anne Arundel County's tax office. The credit applies automatically to qualifying primary residences but requires proper registration; contact the Anne Arundel County Assessor to ensure your homestead classification is recorded within 45 days of purchase. Request a copy of your Notice of Assessment and confirm your assessment ratio is correct (owner-occupied property should be assessed on market value).