How your property was assessed
Maryland SDAT · 3-year reassessment cycleAssessment values · FY26
View full assessment record →Land & improvements
Land value
$348,200
Improvements (house)
$264,200
Full cash value
$612,400
Taxable basis (after homestead cap)
Phase-in assessment
$612,400
Homestead Tax Credit · 10% cap
-$32,400
Taxable assessment
$580,000
Plain English: The State of Maryland assesses what your property is worth (Full Cash Value: $612K). Your taxable assessment is capped to limit year-over-year increases — your Homestead Credit knocked $32K off the taxable basis. You're taxed on the lower number: $580,000.
How your tax is calculated
Three jurisdictions · one bill| Tax line | Taxable basis | Rate | Amount |
|---|---|---|---|
| City of Annapolis · real property taxFunds police, fire, schools, parks, public works | $580,000 | $0.738 / $100 | $4,280.40 |
| Anne Arundel County · real property taxLevied separately by the county; Annapolis residents owe both | $580,000 | $0.252 / $100 | $1,461.60 |
| State of Maryland · property taxStatewide rate · used for state bond debt service | $580,000 | $0.112 / $100 | $649.60 |
| Subtotal · base property tax | $6,391.60 | ||
| Homestead Tax Credit · appliedCaps year-over-year increase; you've owned and occupied since 2019 | Owner-occupied | -$427.60 | |
| FY26 total property tax | $5,964.00 | ||
Where your tax dollars go
City share only · $4,280.40 · FY26 budget allocationOf your $4,280 in city taxes, here's what each dollar funds.
The city's general fund pays for the services you actually see — police, fire, public works, parks, recreation. State and county taxes appear on the same bill but fund different services (schools and roads from the county; state debt service from MD).
Your city share
$4,280
FY26
Public SafetyPolice · Fire · EMS · Communications
30%$1,284
Public WorksStreets, sewer, snow, refuse
20%$856
Recreation & ParksRec center, parks, programs, sports
15%$642
Debt ServiceBond interest · capital projects
13%$556
General GovernmentMayor, Council, City Clerk, Finance, IT
10%$428
Planning & PermitsZoning, inspections, planning
7%$300
OtherCommunity grants, transfers, reserves
5%$214
Credits & exemptions
What's applied · what you might still qualify forCredits already saving you money — plus a few you should check.
Maryland and Annapolis offer over a dozen property tax credits. Two are applied to your account; four others may apply based on your situation. Apply through the city's Finance office or directly with SDAT.
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Homestead Tax Credit · ACTIVE
Caps year-over-year assessment increase at 10% for owner-occupied primary residences. Applied automatically since 2019.
-$427.60
FY26 savings
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Annapolis Resident Credit · ACTIVE
Local credit for owner-occupied homes valued under $700K. Automatically applied to your account.
-$48.00
FY26 savings
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Income Tax Credit (Maryland)
For households with combined gross income under $60K. Annual application required by Sept 1. Maximum benefit $1,750/yr.
Up to $1,750
Check eligibility →
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Senior Tax Credit · age 65+
Reduces taxes for senior homeowners under specific income limits. Both Anne Arundel County and Annapolis offer versions.
Up to 50%
Check eligibility →
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Disabled Veteran Exemption
100% exemption for veterans with 100% service-connected disability rating. Spouse may continue to claim after veteran's passing.
Up to 100%
Check eligibility →
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Green Building / Solar Tax Credit
5-year property tax credit for high-efficiency new construction or solar installations. Apply at building permit.
Up to $5K/yr
Check eligibility →