How much are property taxes in Princess Anne, MD?

Name: Property taxes in Princess Anne, MD, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

Homeowners in Princess Anne, MD pay a median of $2,955 (±$582) a year in real estate taxes (2020–2024 American Community Survey, table B25103).

Homes with a mortgage pay a median of $2,872.

Homes without a mortgage pay a median of $3,098.

That is about 1.3% of the median home value of $231,900.

In Princess Anne, the median real estate tax went from $2,333 in 2015–2019 to $2,955 in 2020–2024 (+26.7%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median real estate taxes: $2,955 (±$582)
With a mortgage: $2,872
Without a mortgage: $3,098
Share of median value: 1.3%

Real estate taxes in Princess Anne against Somerset County, its state and the nation

Median real estate taxes paid a year, estimate (90% margin of error)
	Princess Anne	Somerset County	Maryland	United States
Median real estate taxes	$2,955 (±$582)	$1,591 (±$118)	$4,093 (±$21)	$3,119
Homes with a mortgage	$2,872 (±$773)	$1,762 (±$139)	$4,195 (±$26)	$3,489
Homes without a mortgage	$3,098 (±$2,897)	$1,372 (±$145)	$3,856 (±$29)	$2,576
Median home value	$231,900 (±$33,913)	$173,200 (±$13,009)	$419,900 (±$1,385)	$332,700

In Princess Anne, the median real estate tax is higher than in Somerset County ($1,591).

It is also lower than in Maryland ($4,093).

It is not measurably different from the national figure ($3,119).

In Somerset County, Princess Anne ranks 1 of 4 places with a published estimate, from highest to lowest median real estate taxes.

Statewide, it ranks 283 of 380.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Taxes as a share of home value in Princess Anne

The median tax ($2,955) is 1.3% of the median home value ($231,900).

Across Somerset County the same ratio is 0.9%.

Across Maryland it is 1.0%.

This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.

Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.

How property taxes in Princess Anne have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median real estate taxes	$2,333 (±$353)	$2,955 (±$582)	+26.7%	No measurable change after inflation
Median home value	$143,500 (±$22,162)	$231,900 (±$33,913)	+61.6%	Up after inflation
Median owner cost with a mortgage	$1,236 (±$309)	$1,615 (±$108)	+30.7%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median real estate taxes in places near Princess Anne

Nearest places with a published estimate, compared with Princess Anne
Place	Distance	Median real estate taxes	Compared with this place
Princess Anne	—	$2,955 (±$582)	—
Mount Vernon	5.4 mi	$1,348 (±$362)	Lower
Eden	5.5 mi	$929 (±$51)	Lower
Fruitland	8.8 mi	$2,716 (±$442)	Not measurably different
Pocomoke City	12 mi	$2,411 (±$362)	Not measurably different
Salisbury	13 mi	$2,683 (±$270)	Not measurably different
Hebron	15 mi	$1,878 (±$248)	Lower
Snow Hill	17 mi	$2,416 (±$447)	Not measurably different
Mardela Springs	18 mi	$1,398 (±$450)	Lower

Nearby places with a measurably lower figure: Mount Vernon, MD ($1,348), Eden, MD ($929), Hebron, MD ($1,878).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median real estate taxes across Somerset County, place by place

Rank	Place	Median real estate taxes
1	Princess Anne	$2,955 (±$582)
2	Crisfield	$1,931 (±$342)
3	Mount Vernon	$1,348 (±$362)
4	Eden	$929 (±$51)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Princess Anne

How much are property taxes in Princess Anne?

The median real estate tax paid by homeowners in Princess Anne, MD is $2,955 (±$582) a year (2020–2024 American Community Survey).

What is the property tax rate in Princess Anne?

The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 1.3% of the median home value in Princess Anne, and the actual rate is set by the town, county and school district.

Have property taxes in Princess Anne gone up?

In Princess Anne, the median real estate tax went from $2,333 in 2015–2019 to $2,955 in 2020–2024 (+26.7%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Are property taxes in Princess Anne higher than in Somerset County?

In Princess Anne, the median real estate tax is higher than in Somerset County ($1,591).

It is also lower than in Maryland ($4,093).

It is not measurably different from the national figure ($3,119).

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Princess Anne town, Maryland (place:64000, in state:24).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.

The API needs a free key.

Request a Census API key.

B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.