Montgomery Village, Montgomery County, Maryland Property Taxes

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

Median Montgomery Village, MD effective property tax rate: 1.09%, slightly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%. Median Montgomery Village, MD home value: $256,800. Median annual Montgomery Village, MD tax bill: $3,142, $742 higher than the national median property tax bill of $2,400. How are property taxes in Montgomery calculated? Property taxes in Montgomery Village, 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 Montgomery Village’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Montgomery Village, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Montgomery Village, Montgomery County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$2,799

$2,598

Ownwell’s Montgomery Village Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Montgomery Village with just two data points. By entering your property's estimated assessed value, our calculator applies Montgomery Village’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Montgomery 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 Montgomery Village, Montgomery County, Maryland

Local government entities determine property tax rates, which can differ significantly within a state. This variability is due to the fact that each county calculates its required budget annually to fund services and then divides that by the total value of all taxable property in its area. This calculation establishes the property tax rate. Although the setting of tax rates and budgets involves votes and regulations, this is the basic annual process.

You can compare Montgomery Village’s effective property tax rate to other cities in Maryland and the median property tax rates in both Maryland and the U.S. Montgomery Village, located in Montgomery County, has a median property tax rate of 1.09%. This rate is slightly above the national median rate of 1.02%, reflecting the region's commitment to funding public services. In comparison, the national median property tax bill is $2,400, which provides a benchmark for assessing local tax burdens. Understanding these differences can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Montgomery Village, 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 Montgomery Village Tax Rate

1.09%

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 Montgomery Village, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
20886	0.91%	1.02%	1.09%	1.31%	1.54%
20879	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Montgomery Village, Montgomery County, Maryland

When examining property taxes in Montgomery Village, 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.

Assessment notices:

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 Montgomery Village.

For example, the median home price in Montgomery Village is $256,800, with tax bills ranging significantly across the county. Zip code 20886 has the highest median home price at $256,800.

Property Tax Assessment Values Across Montgomery Village, Montgomery County, Maryland

Source: Ownwell

$110,000

$614,100

$1,118,200

Median Montgomery Village Market Value

$256,800

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 Montgomery Village, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
20886	$100,000	$202,900	$256,800	$340,650	$432,900
20879	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Montgomery Village, Montgomery County, Maryland

In Montgomery Village, MD, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value and is multiplied by the local tax rate to determine the annual tax bill. For homeowners, this means that fluctuations in the housing market can directly impact their property taxes. The median home price in Montgomery Village is $256,800, which results in a property tax bill that can vary widely. For instance, tax bills range from the 25th percentile at $2,165 to the 90th percentile at $5,186. This variation highlights the importance of accurate property assessments and the potential savings through appeals. Ownwell can assist homeowners in reducing their property tax bills by providing expert guidance on appealing assessments and identifying applicable exemptions. By leveraging their expertise, homeowners can ensure they are not overpaying and potentially save a significant amount on their annual property taxes.

Property Tax Bills Across Montgomery Village, Montgomery County, Maryland

Source: Ownwell

$1,180

$6,981

$12,781

Median Montgomery Village Tax Bill

$3,142

Median Montgomery County Tax Bill

$5,416

Median Maryland Tax Bill

$3,419

Median United States Tax Bill

$2,400

Property Tax Bills Across Montgomery Village, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
20886	$1,052	$2,166	$3,142	$4,180	$5,187
20879	N/A	N/A	N/A	N/A	N/A

Source: Ownwell