Bladensburg, Maryland Property Taxes
The median property tax rate in Bladensburg, MD is 1.72%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Bladensburg, the typical annual property tax bill reaches $4,186, exceeding the national median of $2,690. Property taxes in Bladensburg are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bladensburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bladensburg or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bladensburg, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$4,235
$3,930
Ownwell’s Bladensburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bladensburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bladensburg to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bladensburg, Maryland
Property taxes in Bladensburg, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bladensburg is 1.72%, significantly higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Bladensburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bladensburg estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Bladensburg's effective property tax rate to other areas in Maryland and the national median. For comparison, the 20710 zip code has the highest median property tax rate of 1.72%, while the same zip code also has the lowest median tax rate of 1.72%. Understanding how these rates in Bladensburg compare with other regions provides valuable insights into the varying tax landscape across Prince George's County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bladensburg Tax Rate
1.72%
Average Prince George's County Tax Rate
1.11%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bladensburg, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20710 | 1.71% | 1.71% | 1.71% | 1.71% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Bladensburg, Maryland
In Bladensburg, Maryland, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Prince George's County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Bladensburg, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Bladensburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $4,186 in zip code 20710, which reflects the area's uniformity in property tax assessments.
Average Bladensburg Assessed Value
$246,200
Average Prince George's County Assessed Value
$345,300
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bladensburg, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20710 | $74,000 | $192,800 | $246,200 | $276,100 | $314,000 |
Source: Ownwell
Property Tax Bills Across Bladensburg, Maryland
In Bladensburg, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. This assessed value is then multiplied by the property tax rate set by Prince George's County. For instance, with a median home price of $246,200, homeowners can expect their tax bills to vary significantly. The tax bill at the 25th percentile is around $2,149, while at the 75th percentile, it rises to approximately $4,715. The highest median tax bill in the area is $4,186, which is notably higher than the national median property tax rate of 0.99%. These variations are influenced by factors such as property improvements, neighborhood developments, and changes in the local economy. Homeowners in Bladensburg should be aware that their tax bills can fluctuate, impacting their annual budgeting and long-term financial planning. Understanding these factors can help homeowners anticipate changes in their property tax obligations.
Average Bladensburg Tax Bill
$4,186
Average Prince George's County Tax Bill
$3,870
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Bladensburg, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20710 | $1,269 | $2,149 | $4,186 | $4,715 | $5,315 |
Source: Ownwell