Accokeek, Prince George's County, Maryland Property Taxes

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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 Accokeek’s effective property tax rate to other cities in Maryland and the median property tax rates in Maryland and the U.S.

Accokeek, situated in Prince George's County, observes a median property tax rate of 1.06%. This rate is slightly above the national median of 1.02%, indicating a higher-than-average property tax burden for homeowners in this area. When comparing to other cities within Maryland, Accokeek stands at the higher end of the spectrum. Residents might feel the pinch more than those in regions with lower rates. Understanding these figures is essential for property owners aiming to manage their tax liabilities effectively. By staying informed, homeowners can better navigate the complexities of property tax assessments and potentially seek appeals or exemptions to reduce their financial obligations.

In Accokeek, located in Prince George's County, MD, property taxes are calculated based on the assessed value of a home. The median home price in this area is $432,900, which serves as the basis for determining tax bills. The property tax rate is applied to the assessed value, resulting in a tax bill that can vary significantly. For instance, the 25th percentile tax bill is $3,857, while the 75th percentile reaches $5,535, and the 90th percentile climbs to $6,418. These figures are notably above the national median property tax bill of $2,400, highlighting the financial impact on homeowners in this region.

Homeowners in Accokeek may find relief through Ownwell's property tax appeal and exemption services. By leveraging expertise in local tax laws and assessment practices, Ownwell can help homeowners potentially reduce their tax bills. This assistance can lead to significant savings, easing the financial burden of homeownership in an area with relatively high property taxes.