Germantown, Montgomery County, Maryland Property Taxes

Name: Property Tax Bills Across Germantown, Montgomery County, Maryland
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Germantown, 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 Germantown, MD home value: $323,600
Median annual Germantown, MD tax bill: $3,760, $1,360 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

Property taxes in Germantown, 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 Germantown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Germantown, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Germantown, Montgomery County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.07%

Estimate Property Tax Bill

$3,463

$3,213

Ownwell’s Germantown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Germantown with just two data points. By entering your property's estimated assessed value, our calculator applies Germantown’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Montgomery County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Germantown, Montgomery County, Maryland

Local government entities set tax rates, which can vary widely within a state. This variation is primarily because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. In Germantown, Montgomery County, Maryland, the effective property tax rate reflects this local governance model. When comparing Germantown's tax rate to other cities in Maryland and the national median, it's crucial to understand that these rates can fluctuate based on local budgetary needs. Maryland's median property tax rate is slightly above the national median, indicating a higher-than-average tax burden for property owners in the state. However, within Montgomery County, the rates can vary slightly from one area to another, with some areas having a marginally higher or lower rate than Germantown. This localized approach ensures that the community's specific needs and resources are taken into account when setting property tax rates.

Property Tax Rates Across Germantown, Montgomery County, Maryland

Source: Ownwell

1.00%

1.31%

1.61%

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 Germantown Tax Rate

1.07%

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 Germantown, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
20874	0.78%	0.99%	1.06%	1.25%	1.42%
20876	0.90%	1.02%	1.10%	1.28%	1.46%
20878	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Germantown, Montgomery County, Maryland

When examining property taxes in Germantown, 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 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 Germantown. For example, the median home price in Germantown is $323,600, with tax bills ranging significantly across the county. Zip code 20876 has the highest median home price at $365,700.

Property Tax Assessment Values Across Germantown, Montgomery County, Maryland

Source: Ownwell

$110,000

$614,100

$1,118,200

Median Germantown Market Value

$323,600

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 Germantown, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
20874	$205,000	$255,000	$317,650	$424,000	$588,800
20876	$210,000	$250,000	$365,700	$501,000	$604,570
20878	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Germantown, Montgomery County, Maryland

In Germantown, Montgomery County, property tax bills are calculated based on the assessed value of a home. The median home price in the area is $323,600, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Germantown face tax bills that can vary significantly, with the 25th percentile at $2,707 and the 75th percentile at $5,096. The 90th percentile can reach up to $6,747. This is notably higher than the national median property tax bill of $2,400. For homeowners, these taxes can be a substantial financial burden. Ownwell can assist by providing property tax appeal services, potentially lowering the assessed value and, consequently, the tax bill. Our expertise in identifying discrepancies and advocating for fair assessments can lead to significant savings, easing the financial load on homeowners in Germantown.

Property Tax Bills Across Germantown, Montgomery County, Maryland

Source: Ownwell

$1,180

$6,981

$12,781

Median Germantown Tax Bill

$3,760

Median Montgomery County Tax Bill

$5,416

Median Maryland Tax Bill

$3,419

Median United States Tax Bill

$2,400

Property Tax Bills Across Germantown, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
20874	$1,830	$2,656	$3,643	$4,831	$6,510
20876	$2,021	$2,879	$4,110	$5,681	$7,002
20878	N/A	N/A	N/A	N/A	N/A

Source: Ownwell