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

Rachel Gontkovic - Long & Foster Annapolis

Live the Annapolis Lifestyle

  • Home
  • About Us
  • Listings
  • Testimonials
  • Resources
  • Blog
  • Contact
  • Search Homes
  • Home Evaluation

Special Tax Assessments

April 16, 2018 by Rachel Gontkovic

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

How Your Equity Can Grow over Time

Buyer and Seller Perks in Today’s Housing Market

Choosing a Realtor

Welcoming Your New Neighbors

Primary Sidebar

Sign up for my Newsletter

Annapolis Lifestyle

Waterfront homes in Annapolis Maryland

The Blog

Rachel Frentsos writing a blog article

Recent Posts

  • Where Will You Go If You Sell? You Have Options.
  • What Past Recessions Tell Us About the Housing Market
  • Think Twice Before Waiting for 3% Mortgage Rates
  • Is It Time To Sell Your Second Home?
  • What Experts Are Saying About the 2023 Housing Market

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • 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
  • First Time Homebuyers
  • For Buyers
  • For Seller
  • Holiday
  • Home Improvement
  • Home Maintenance
  • Moving Forward with Rachel
  • Resources
  • Uncategorized
February 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728  
« Jan    

Footer

Rachel FrentsosRachel Gontkovic (Frentsos)
Realtor

Connect with Me on:

  • Facebook
  • Instagram
  • LinkedIn
Sign up for my Newsletter

Send Rachel a Message

Copyright © 2023 Rachel Gontkovic (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