Beltsville, Montgomery County, Maryland Property Taxes
Median Beltsville, MD effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Beltsville, MD home value: $110,000
Median annual Beltsville, MD tax bill: $1,180, $1,220 lower than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in Beltsville, MD are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Beltsville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Beltsville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Beltsville, Montgomery County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.07%
Estimate Property Tax Bill
$1,177
$1,092
Property Tax Rates Across Beltsville, Montgomery County, Maryland
Local government entities in Maryland set property tax rates, which can vary significantly throughout the state. Each year, counties determine their necessary budget to fund services and divide this by the total value of taxable property within their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in establishing these rates and budgets, this is the core of the annual process.
In Beltsville, located in Montgomery County, the effective property tax rate is 1.07%. This rate is slightly above the national median property tax rate of 1.02% but aligns with the state's median. The uniformity in Beltsville's property tax rates reflects the consistency within the region. However, it's essential to note that property tax rates can vary across different areas within Montgomery County, influenced by local budgetary requirements and property values. Comparing Beltsville's effective property tax rate to other cities in Maryland and the U.S. median offers valuable insight into how local tax obligations align with broader trends. Understanding these nuances can help property owners make informed decisions about their tax responsibilities.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Beltsville Tax Rate
1.07%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Montgomery County Tax Rate
1.11%
Median Effective Maryland Tax Rate
1.06%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Beltsville, Montgomery County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20705 | 0.44% | 0.89% | 1.07% | 1.07% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Beltsville, Montgomery County, Maryland
When examining property taxes in Beltsville, MD, 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 location, property condition, and economic market trends. The Montgomery County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Montgomery County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle 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 and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Beltsville.
For example, the median home price in Beltsville is $110,000, with tax bills ranging significantly across the county. Zip code 20705 has the highest median home price at $110,000.
Property Tax Assessment Values Across Beltsville, Montgomery County, Maryland
Source: Ownwell
$110,000
$614,100
$1,118,200
Median Beltsville Market Value
$110,000
Median Montgomery County Market Value
$471,000
Median Maryland Market Value
$317,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Beltsville, Montgomery County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20705 | $90,000 | $110,000 | $110,000 | $110,000 | $130,000 |
Source: Ownwell
Property Tax Bills Across Beltsville, Montgomery County, Maryland
In Beltsville, Maryland, property tax bills are calculated based on the assessed value of the home. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as home improvements, changes in market conditions, and neighborhood developments can affect the assessed value, ultimately influencing the tax bill. Homeowners in Beltsville face a median property tax bill of $1,180, which is below the national median of $2,400. However, some residents may see bills as high as $1,872, depending on specific property assessments.
High property taxes can be burdensome for homeowners, but Ownwell offers a solution. By providing expert property tax appeal services, Ownwell helps homeowners in Beltsville potentially lower their tax bills. Our team analyzes property assessments, identifies discrepancies, and files appeals on behalf of homeowners, ensuring they pay only their fair share. With Ownwell's expertise, homeowners can achieve significant savings on their property tax bills, offering financial relief and peace of mind.
Median Beltsville Tax Bill
$1,180
Median Montgomery County Tax Bill
$5,416
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across Beltsville, Montgomery County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20705 | $488 | $836 | $1,180 | $1,180 | $1,872 |
Source: Ownwell