Talbot County, MD Property Tax Calculator

The effective property tax rate in Talbot County is 0.65% — calculated as the median annual property tax paid ($2,647) divided by the median home value ($409,700), using 2024 US Census ACS 5-year estimates. Your actual bill depends on your purchase price, homestead or senior exemptions, and any special assessments applied in your taxing district.

Maryland's combined real estate transfer tax is approximately 0.50% of the purchase price. On the median Talbot County home value of $409,700, this adds roughly $2,049 at closing. State Transfer Tax 0.5% of price, customarily split 50/50 buyer/seller. Additional County Recordation Tax varies by jurisdiction ($2.50–$6.00 per $500 = 0.5%–1.2%), also customarily split. First-time MD buyers have the 0.25% buyer-side state portion waived (seller pays full 0.5%). As of July 1, 2025, state transfer tax rises from 0.5% to 1.5% on sales to 'real estate enterprises' (entities with >120 properties or >$12M statewide).

Flood risk is relatively low. Only 4.5% of Talbot County's land falls within a FEMA Special Flood Hazard Area. Flood insurance is not typically required, though individual properties near waterways may still be in a zone — verify at msc.fema.gov.

Closing costs for a buyer in Talbot County typically run $8,194–$20,485 (2–5% of purchase price) on a median-priced home, including title insurance ($800–$2,000), appraisal ($400–$700), home inspection ($350–$600), recording fees ($100–$300), and loan origination (0.5–1.0% of the loan amount). Use the calculator above for a specific estimate at your purchase price.