Brentwood, Maryland Property Taxes
The median property tax rate in Brentwood, MD is 1.54%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Brentwood at $285,200, the typical annual property tax bill reaches $4,370, exceeding the national median of $2,690. Property taxes in Brentwood are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brentwood's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Brentwood or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brentwood, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$4,392
Ownwell’s Brentwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brentwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brentwood to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Brentwood, Maryland
Property taxes in Brentwood, Maryland, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brentwood is 1.54%, significantly higher than the U.S. national median of 0.99%. Local government entities within Brentwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brentwood estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Brentwood's effective property tax rate to other areas in Maryland and the national median. For comparison, the zip code 20722 in Prince George's County has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how Brentwood compares with other areas provides valuable insights into the varying tax landscape across Prince George's County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brentwood Tax Rate
1.54%
Average Prince George's County Tax Rate
1.11%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brentwood, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20722 | 1.33% | 1.35% | 1.54% | 1.87% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Brentwood, Maryland
In Brentwood, Maryland, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Prince George's County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Brentwood, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Brentwood is $285,200, with tax bills ranging from $3,787 at the 25th percentile to $5,968 at the 90th percentile. The highest and lowest median tax bills in the area are both $4,370, found in zip code 20722. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Brentwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brentwood Assessed Value
$285,200
Average Prince George's County Assessed Value
$345,300
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brentwood, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20722 | $204,700 | $238,900 | $285,200 | $345,925 | $408,350 |
Source: Ownwell
Property Tax Bills Across Brentwood, Maryland
In Brentwood, located in Prince George's County, MD, property tax bills are calculated based on the assessed value of a home, which is determined by the county's assessment office. The assessed value is typically a percentage of the home's market value. For example, with a median home price of $285,200, the tax bill can vary significantly depending on the assessment and tax rate applied. Several factors influence the tax bill, including the property's location, size, and any improvements made. Homeowners in Brentwood can expect tax bills ranging from the 25th percentile at $3,787 to the 90th percentile at $5,968. This variation is influenced by the assessed value and the specific tax rate applied to the property. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how their tax bill is calculated helps in financial planning and can impact decisions related to property improvements or sales. Compared to the national median property tax rate of 0.99%, Brentwood's tax rates reflect the local economic and governmental priorities.
Average Brentwood Tax Bill
$4,370
Average Prince George's County Tax Bill
$3,870
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Brentwood, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20722 | $3,324 | $3,787 | $4,370 | $5,105 | $5,968 |
Source: Ownwell