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 We have had Charlie and his team buy and sell 5 properties for us in Annapolis over the last 12 years, and will surely sign on again. They are wonderful to work with in every way, and we can highly recommend them to anyone looking to buy or sell a home in the Annapolis area. Charlie, Reid, Sarah, and Brad have made all the transactions very easy for us, and each experience was stress free. They listened to our concerns and made us feel comfortable with our decisions. We look forward to working with them in the future. Mary M, River Bay Road, Annapolis read more...