21620 Property Tax Rate

Property owners in ZIP code 21620 (Chestertown, Maryland) pay a median of $2,884/year in property taxes on homes valued at $318,700. This translates to an effective tax rate of 0.90%, which is 6% below the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 21620 is approximately $240, which factors into escrow payments on mortgages. This ZIP code is located within Kent County. This is $1,090 less than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 21620 has higher property taxes. ZIP codes with similar effective rates include 20854 (0.90%) and 21113 (0.90%).

In Chestertown, property taxes represent approximately 3.8% of the median household income of $76,094, providing context for the relative tax burden on homeowners in this area.

Maryland's Homestead Tax Credit limits primary residence assessments to a maximum 10% annual increase, protecting you from market-driven spikes in Kent County's 1.14% effective rate. File your homestead application with the Kent County Assessor within 30 days of purchase to activate this benefit and lock your assessment base. Contact the Kent County Assessor's office to obtain the form and confirm your eligibility before the deadline.