• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

Rachel Frentsos - Annapolis Fine Homes

Live the Annapolis Lifestyle

  • Home
  • About
  • Listings
  • Testimonials
  • Resources
  • Blog
  • Contact

Special Tax Assessments

April 16, 2018 by Rachel Frentsos

Special Tax Assessments
Special Tax Assessments by Rachel Frentsos

When you purchase a home, you will pay taxes based on the assessed value of your home. Depending on your community, you may also pay an additional special tax assessments that are above and beyond your standard real estate taxes. If you are unsure if you pay a special tax, visit your county government’s website and locate the tax information for your address. A few special tax communities in Annapolis include Arundel on the Bay, Oyster Harbor, Hillsmere and Cape St. Claire.

What are special tax assessments?

A special tax assessment can be used for improvements in your communities and other services such as snow and trash removal. In addition to or in lieu of your homeowner’s association dues, the special tax assessment is collected with your tax bill. That way, the community does not have to collect the money from you directly. If your community has a special tax, it is typically calculated based on the services that are provided and upcoming improvement projects shared equally by all homeowners.

Some counties also charge a special assessment for water and/or sewer line installation. This special assessment is a fixed amount each year for the term of the loan. When the builder connects your home to the public water and/or sewer supply, the cost is paid back in a loan over 20-30 years. This loan, if not paid off, transfers to the new homeowner.

If you are selling your home, you must disclose both of these charges to your buyer.  If you are uncertain whether or not you pay these charges, please contact me!

Filed Under: For Buyers, For Seller Tagged With: annapolis, annapolis homes, annapolis living, annapolis real estate, annapolis realtor, buying a home, choosing an agent, first home, home sales, homeseller, rachel frentsos, real estate, real estate agent, realtor, selling a home, special tax assessments, tax assessments

More Posts

5 Low-Cost Tips - Rachel Frentsos

5 Low-Cost Tips to Prepare Your Home for Spring

5 Reasons to Have Your Home Inspected

Staging for Home Selling Success

Holiday Season in Annapolis

Primary Sidebar

Sign up for my Newsletter

Annapolis Lifestyle

Waterfront homes in Annapolis Maryland

The Blog

Rachel Frentsos writing a blog article

Recent Posts

  • Market Trends for 2020
  • Exploring the Arts in Annapolis
  • Moving Forward with Rachel: Featuring Patrice Drago
  • What’s an iBuyer?
  • Listing of the Month – November

Archives

  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017

Categories

  • Annapolis Lifestyle
  • Ask the Realtor
  • For Buyers
  • For Seller
  • Resources
  • Uncategorized

Footer

Rachel FrentsosRachel Frentsos
Realtor

Connect with Me on:

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
Sign up for my Newsletter

Send Rachel a Message

Copyright © 2019 Rachel Frentsos, Annapolis Fine Homes - All Rights Reserved

Website images by JLowe Photos unless otherwise indicated.

Site design and hosting by Fischer IT Solutions for Business By Barnhill