Mitchellville, Maryland Property Taxes
The median property tax rate in Mitchellville, MD is 1.11%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Mitchellville at $398,800, the typical annual property tax bill reaches $4,435, exceeding the national median of $2,690. Property taxes in Mitchellville 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 Mitchellville'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 Mitchellville 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
Mitchellville, Maryland Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$2,120
Ownwell’s Mitchellville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mitchellville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mitchellville 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 Mitchellville, Maryland
Property taxes in Mitchellville, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mitchellville is 1.11%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Mitchellville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mitchellville 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 Mitchellville's effective property tax rate to other counties in Maryland and the national median. For comparison, the 20721 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Mitchellville 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 Mitchellville Tax Rate
1.11%
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 Mitchellville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20721 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Mitchellville, Maryland
In Mitchellville, Maryland, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as 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 Mitchellville, 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. 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 Mitchellville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Mitchellville is $398,800, with the highest and lowest median tax bills both being $4,435 in the 20721 zip code.
Property Tax Assessment Values Across Mitchellville, Maryland
Source: Ownwell
$223,000
$390,725
$558,450
Average Mitchellville Assessed Value
$398,800
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 Mitchellville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20721 | $392,800 | $398,800 | $398,800 | $403,600 | $403,660 |
Source: Ownwell
Property Tax Bills Across Mitchellville, Maryland
In Mitchellville, located in Prince George's County, MD, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county's property assessment office, which evaluates the property's market value. Homeowners in Mitchellville face a median property tax rate that translates to significant annual tax bills. For instance, the median home price in Mitchellville is $398,800, and the associated tax bills range from $4435 at the 25th percentile to $4489 at the 90th percentile. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners in Mitchellville should be aware of these factors, as they directly impact their annual financial obligations. With a median property tax rate higher than the national average of 0.99%, understanding how these taxes are calculated can help homeowners better manage their finances.
Average Mitchellville Tax Bill
$4,435
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 Mitchellville, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20721 | $4,368 | $4,435 | $4,435 | $4,488 | $4,489 |
Source: Ownwell