North Potomac, Montgomery County, Maryland Property Taxes

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

Median North Potomac, MD effective property tax rate: 1.08%, slightly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median North Potomac, MD home value: $675,400
Median annual North Potomac, MD tax bill: $7,367, $4,967 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

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

Last Updated March 1, 2025

North Potomac, Montgomery County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.08%

Estimate Property Tax Bill

$7,294

$6,769

Ownwell’s North Potomac Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in North Potomac with just two data points. By entering your property's estimated assessed value, our calculator applies North Potomac’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 North Potomac, Montgomery County, Maryland

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget 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, in a nutshell, this is the annual process. Below, you can compare North Potomac’s effective property tax rate to other cities in Maryland and the median property tax rates in Maryland and the U.S.

In North Potomac, located in Montgomery County, the property tax rate is 1.08%, which is slightly higher than the national median of 1.02%. This rate is consistent across Montgomery County, reflecting the county's uniform approach to property taxation. The median property tax rate in Maryland aligns with North Potomac's rate, highlighting a statewide consistency in taxation. Despite the uniform rate, it's important for property owners to understand how these rates impact their annual tax bills, especially when compared to the national median property tax bill of $2,400. Understanding these dynamics can help property owners make informed decisions and potentially benefit from appealing their property taxes.

Property Tax Rates Across North Potomac, 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 North Potomac Tax Rate

1.08%

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 North Potomac, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
20878	1.00%	1.06%	1.08%	1.15%	1.26%

Source: Ownwell

Property Tax Assessment Values Across North Potomac, Montgomery County, Maryland

When examining property taxes in North Potomac, 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 North Potomac. For example, the median home price in North Potomac is $675,400, with tax bills ranging significantly across the county. Zip code 20878 has the highest median home price at $675,400.

Property Tax Assessment Values Across North Potomac, Montgomery County, Maryland

Source: Ownwell

$110,000

$614,100

$1,118,200

Median North Potomac Market Value

$675,400

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 North Potomac, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
20878	$420,820	$538,600	$675,400	$797,300	$947,280

Source: Ownwell

Property Tax Bills Across North Potomac, Montgomery County, Maryland

In North Potomac, Montgomery County, 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 then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $675,400, homeowners in this area face property tax bills that can significantly impact their finances. The tax bill at the 25th percentile is $5,733, while at the 75th percentile, it rises to $8,793, and at the 90th percentile, it can reach as high as $10,566. Compared to the national median property tax bill of $2,400, North Potomac homeowners pay considerably more. Ownwell can help homeowners in North Potomac reduce their property tax bills by offering expert property tax appeal services. By identifying discrepancies in assessed values and ensuring all eligible exemptions are applied, Ownwell assists homeowners in potentially lowering their tax obligations, providing financial relief and peace of mind.

Property Tax Bills Across North Potomac, Montgomery County, Maryland

Source: Ownwell

$1,180

$6,981

$12,781

Median North Potomac Tax Bill

$7,367

Median Montgomery County Tax Bill

$5,416

Median Maryland Tax Bill

$3,419

Median United States Tax Bill

$2,400

Property Tax Bills Across North Potomac, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
20878	$4,424	$5,733	$7,367	$8,793	$10,566

Source: Ownwell