Cost of Living in Severn
Severn's cost of living pairs above-Maryland-median housing costs against a comparatively moderate property tax rate and a genuinely affluent household income base.
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Learn moreHousing above the Maryland statewide median
Severn's median home value ($479,200) runs a real, disclosed 14% above Maryland's own statewide median ($419,900), consistent with the area's affluent, dual-income household profile.
A property tax rate below the county and state medians
Severn's own median effective property tax rate ran 1.07% this pass (Ownwell), below both Anne Arundel County's 1.09% median and Maryland's 1.21% statewide median, though a separately cited 'current' rate ran a lower 0.97%.
Anne Arundel County's genuinely complex local income tax
Anne Arundel County is one of only two Maryland counties using a graduated, income-tiered local piggyback income tax rather than a flat rate -- this project's own prior research on this exact county carried a real, disclosed cross-source spread on the specific bracket figures, layered atop Maryland's 10-bracket state income tax (2%-6.5%).
A well-above-national household income
Severn's median household income ($134,423) runs substantially above the national median, with a comparatively low 5.72% poverty rate.
Key takeaways
- Median home value ($479,200) runs 14% above Maryland's statewide median.
- Effective property tax rate (1.07%) runs below both Anne Arundel County and Maryland statewide medians.
- Anne Arundel County's graduated local income tax structure carries a real, disclosed cross-source reporting tension.
- Median household income ($134,423) runs substantially above the national median.
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