Property Taxes in Maryland
The median Maryland property tax rate is 1.06%, significantly higher than the national median of 0.99%. The median Maryland home value is $317,700, meaning the median Maryland property tax bill is $3,419 a year. Compared to the national median annual property tax bill of $2,353, that is much higher. Property taxes in Maryland are calculated based on the tax assessed value, which typically falls below the actual market value as a result of property tax exemptions, such as the primary residence or agriculture exemption. Understanding your county's specific property tax system, exploring property tax exemptions, and recognizing opportunities for property tax reductions can lead to significant annual tax savings. Whether you're in Baltimore, Annapolis, or any other Maryland locale, familiarizing yourself with the property taxes in your location can benefit homeowners and investors alike.
Last Updated June 14, 2024
Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$3,368
$3,125
Ownwell’s Maryland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Maryland with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Maryland to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a county or city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Maryland
Property taxes in Maryland fund essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maryland is 1.06% compared to the national median tax rate of 0.99%. The tax rate is set by local government entities, and it can vary widely between different areas within Maryland. Put simply, each county estimates its required budget to provide services for the upcoming year, and then divides that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, that is the process followed each year. Compare a Maryland county’s effective property tax rate to other counties in Maryland or the US median property tax rate below. Baltimore County has the highest property tax rate in Maryland at 2.31%. Talbot County has the lowest property tax rate in Maryland at 0.71%.
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maryland
| County | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allegany | 0.86% | 0.92% | 0.93% | 1.05% | 1.09% |
| Anne Arundel | 0.70% | 0.83% | 0.97% | 1.07% | 1.09% |
| Calvert | 0.91% | 0.95% | 1.01% | 1.04% | 1.04% |
| Caroline | 0.91% | 0.99% | 1.08% | 1.36% | 1.54% |
| Carroll | 0.97% | 1.04% | 1.10% | 1.17% | 1.50% |
| Cecil | 0.67% | 0.76% | 0.89% | 1.14% | 1.44% |
| Charles | 1.14% | 1.26% | 1.34% | 1.44% | 1.58% |
| Dorchester | 1.05% | 1.11% | 1.17% | 1.58% | 1.69% |
| Frederick | 1.01% | 1.11% | 1.20% | 1.43% | 1.54% |
| Garrett | 0.89% | 1.02% | 1.17% | 1.24% | 1.35% |
| Harford | 0.83% | 0.92% | 0.99% | 1.06% | 1.08% |
| Howard | 0.90% | 0.96% | 1.04% | 1.09% | 1.12% |
| Kent | 0.92% | 1.04% | 1.12% | 1.27% | 1.42% |
| Montgomery | 0.87% | 1.01% | 1.11% | 1.24% | 1.40% |
| Prince George's | 0.95% | 1.00% | 1.11% | 1.11% | 1.47% |
| Queen Anne's | 0.79% | 0.88% | 0.94% | 0.94% | 1.11% |
| St. Mary's | 0.90% | 0.96% | 1.05% | 1.09% | 1.12% |
| Somerset | 0.83% | 0.90% | 1.08% | 1.11% | 1.11% |
| Talbot | 0.46% | 0.67% | 0.71% | 0.81% | 0.86% |
| Washington | 0.72% | 0.79% | 0.92% | 1.01% | 1.04% |
| Wicomico | 0.79% | 0.85% | 0.94% | 1.00% | 1.00% |
| Worcester | 0.76% | 0.88% | 1.41% | 1.41% | 1.41% |
| Baltimore | 1.86% | 2.10% | 2.31% | 2.36% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Maryland
When examining property taxes in Maryland, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by factors such as location, property condition, and economic market trends. Market value is estimated by each Maryland county assessor for tax purposes. The assessed value is then the market value minus any applicable exemptions or limits determined by local laws and offerings. The assessed value is the figure used to calculate your property taxes, or the amount multiplied by your tax rate to get your tax bill. Assessment notices in Maryland are sent in the spring each year. They should reach your mailbox typically by the end of April. Each property owner receives an assessment notice that contains both the market value and assessed value along with an estimate of your property tax bill. By providing insights into how assessed values and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Maryland. Notably, Montgomery County has the highest median tax bill at $5,416, while Allegany County has the lowest at $978.
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maryland
| County | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allegany | $41,000 | $65,700 | $102,400 | $156,825 | $217,200 |
| Anne Arundel | $223,900 | $286,700 | $376,600 | $507,500 | $690,600 |
| Calvert | $186,300 | $242,900 | $346,200 | $472,400 | $597,400 |
| Caroline | $106,150 | $156,000 | $216,400 | $301,975 | $394,450 |
| Carroll | $200,000 | $267,000 | $347,000 | $445,600 | $566,200 |
| Cecil | $122,200 | $176,100 | $239,900 | $319,300 | $421,600 |
| Charles | $193,500 | $263,700 | $334,400 | $426,500 | $521,430 |
| Dorchester | $51,340 | $94,400 | $163,800 | $258,350 | $371,700 |
| Frederick | $210,000 | $272,900 | $362,500 | $479,300 | $611,300 |
| Garrett | $51,300 | $96,400 | $165,700 | $343,750 | $716,360 |
| Harford | $143,000 | $200,000 | $279,650 | $390,100 | $510,000 |
| Howard | $232,400 | $332,300 | $465,650 | $632,600 | $831,500 |
| Kent | $121,200 | $160,500 | $227,650 | $367,100 | $627,110 |
| Montgomery | $210,000 | $325,000 | $471,000 | $699,000 | $1,043,300 |
| Prince George's | $194,700 | $265,000 | $345,300 | $439,300 | $571,500 |
| Queen Anne's | $202,200 | $267,100 | $361,000 | $486,000 | $721,200 |
| St. Mary's | $148,100 | $229,500 | $302,600 | $412,100 | $539,000 |
| Somerset | $46,200 | $71,400 | $114,600 | $181,450 | $280,800 |
| Talbot | $148,150 | $212,500 | $319,650 | $533,225 | $1,083,250 |
| Washington | $112,800 | $160,950 | $219,600 | $296,500 | $384,200 |
| Wicomico | $61,300 | $98,800 | $161,300 | $231,100 | $310,100 |
| Worcester | $118,800 | $175,100 | $251,400 | $351,600 | $494,600 |
| Baltimore | $70,600 | $109,200 | $147,800 | $222,900 | $335,300 |
Source: Ownwell
Property Tax Bills Across Maryland
In Maryland, property tax bills are calculated based on the assessed value of a home, which is determined by state and local tax assessors. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the property's location, size, and market conditions play a significant role in the assessment. For example, homeowners in Montgomery County face the highest median tax bill at $5,416, while those in Allegany County experience the lowest at $978. Maryland's property tax rates can lead to substantial variations in tax bills. The 25th percentile tax bill is around $2,239, while the 75th percentile reaches $5,057, and the 90th percentile goes up to $7,287. This variability can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their annual financial obligations and plan accordingly, ensuring they are prepared for their property tax responsibilities.
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Maryland
| County | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allegany | $397 | $633 | $978 | $1,508 | $2,099 |
| Anne Arundel | $2,082 | $2,638 | $3,553 | $4,952 | $6,989 |
| Calvert | $2,054 | $2,561 | $3,494 | $4,635 | $5,806 |
| Caroline | $1,298 | $1,799 | $2,469 | $3,299 | $4,369 |
| Carroll | $2,523 | $3,123 | $3,882 | $5,006 | $6,466 |
| Cecil | $1,096 | $1,599 | $2,238 | $3,152 | $4,261 |
| Charles | $2,778 | $3,554 | $4,464 | $5,850 | $7,358 |
| Dorchester | $664 | $1,252 | $2,036 | $3,174 | $4,696 |
| Frederick | $2,575 | $3,360 | $4,509 | $5,971 | $7,643 |
| Garrett | $660 | $1,175 | $1,945 | $3,797 | $7,437 |
| Harford | $1,412 | $1,981 | $2,716 | $3,779 | $4,895 |
| Howard | $2,726 | $3,556 | $4,834 | $6,425 | $8,266 |
| Kent | $1,286 | $1,788 | $2,628 | $4,197 | $7,127 |
| Montgomery | $2,171 | $3,700 | $5,416 | $8,068 | $11,483 |
| Prince George's | $2,406 | $3,050 | $3,870 | $4,994 | $6,374 |
| Queen Anne's | $1,843 | $2,499 | $3,399 | $4,771 | $6,589 |
| St. Mary's | $1,650 | $2,402 | $3,095 | $4,064 | $5,246 |
| Somerset | $473 | $724 | $1,158 | $1,830 | $2,785 |
| Talbot | $964 | $1,427 | $2,231 | $3,890 | $8,082 |
| Washington | $984 | $1,393 | $1,934 | $2,721 | $3,590 |
| Wicomico | $600 | $934 | $1,455 | $2,061 | $2,799 |
| Worcester | $1,384 | $1,959 | $2,901 | $4,198 | $5,699 |
| Baltimore | $1,542 | $2,347 | $3,187 | $4,770 | $7,434 |
Source: Ownwell