Homeowners in Princess Anne, Maryland paid a median $2,955 a year in property tax on a median home worth $231,900, an effective rate of about 1.27% (Census 2020–2024).
0.92%Somerset County overall
Princess Anne vs county, state and US
Effective rate
Median tax paid per year
Tax on a home in Princess Anne
At the local 1.27% effective rate
| Home value | Estimated yearly tax | Per month |
|---|---|---|
| $150,000 | $1,911 | $159 |
| $250,000 | $3,186 | $265 |
| $350,000 | $4,460 | $372 |
| $500,000 | $6,371 | $531 |
Buying a home in Somerset County? 2026 loan limits
Nearby and related
- Somerset County property taxcounty overview
- Maryland property tax by countyranked
- Crisfield, MD1.40% effective
- Eden, MD1.72% effective
- Smith Island, MD1.09% effective
- Cost of living in Marylandprices & rents
Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates, tables B25103 (median real estate taxes paid), B25077 (median home value), B25003, B25088, B19013 and B01003. These are 2020–2024 medians reported by owner-occupants, not 2026 tax bills or official mill rates. The effective rate here is median tax ÷ median home value. Actual bills depend on assessed value, exemptions (homestead, senior, veteran) and local levies. Check with your county assessor or treasurer. Not tax advice.
Frequently asked questions
What is the property tax rate in Princess Anne, Maryland?
Homeowners in Princess Anne, Maryland paid a median $2,955 a year in property tax on a median home worth $231,900, an effective rate of about 1.27% (Census 2020–2024).
How much is property tax on a $250,000 home in Princess Anne?
About $3,186 a year at the 1.27% median effective rate. Exemptions such as homestead can lower it.
Is property tax in Princess Anne higher than the rest of Maryland?
Princess Anne ranks #348 lowest of 370 Maryland places we track. The statewide effective rate is 0.97%. Somerset County overall is 0.92%.