People keep telling me about the “high waterfront taxes.” Is there an additional tax on waterfront that non-waterfront homeowners do not pay?

Property¬†taxes are based on the estimate of a property’s value (comprised of a land portion and an improvement portion and together called “the assessment”) and the tax rate per dollar of assessed value (“the mil rate”). Consequently, a waterfront and a non-waterfront property with the same assessment would both pay the same real estate taxes in Anne Arundel County. I am not aware of any additional “waterfront tax,” although a waterfront property probably has a higher assessment for land than non-waterfront.

Testimonials The Mr. Waterfront Team was awesome to work with. They helped us look at about 30 houses throughout Annapolis and were able to provide information on the different areas around town so that we could determine the best neighborhood for us. They also helped us to identify potential issues or areas of concern as we were looking at different houses. They were especially patient with me as a first time home buyer and I felt great about the purchase. They were able to provide expertise about the market and used that to negotiate a great deal for us. I would highly recommend the Mr. Waterfront Team to any of my friends and family. Truly a great first home buying experience. John L, Elliot Drive, Annapolis read more...