Cheltenham, Prince George's County, Maryland Property Taxes

Name: Property Tax Bills Across Cheltenham, Prince George's County, Maryland
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cheltenham, MD effective property tax rate: 0.95%, slightly lower than the national median of 1.02%, but also lower than the Maryland state median of 1.06%.
Median Cheltenham, MD home value: $444,800
Median annual Cheltenham, MD tax bill: $4,209, $1,809 higher than the national median property tax bill of $2,400.

How are property taxes in Prince George's calculated?

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

Last Updated March 1, 2025

Cheltenham, Prince George's County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.95%

Estimate Property Tax Bill

$4,226

$3,921

Ownwell’s Cheltenham Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cheltenham with just two data points.

By entering your property's estimated assessed value, our calculator applies Cheltenham’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 Prince George's County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cheltenham, Prince George's County, Maryland

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually 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. In Cheltenham, Prince George's County, Maryland, the effective property tax rate is 0.95%. This rate is below the national median property tax rate of 1.02%. Maryland's property tax rates can differ significantly from other states, often reflecting the unique budgetary needs and property values in each area. Cheltenham's rate is consistent with the median property tax rate for Maryland, providing residents with a relatively moderate tax burden compared to some areas. Understanding these differences can help property owners make informed decisions about purchasing or appealing their property taxes.

Property Tax Rates Across Cheltenham, Prince George's County, Maryland

Source: Ownwell

0.95%

1.38%

1.81%

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 Cheltenham Tax Rate

0.95%

Median Effective Prince George's County Tax Rate

1.11%

Median Effective Maryland Tax Rate

1.06%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cheltenham, Prince George's County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
20623	0.91%	0.92%	0.95%	0.97%	0.97%

Source: Ownwell

Property Tax Assessment Values Across Cheltenham, Prince George's County, Maryland

When examining property taxes in Cheltenham, 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 Prince George's 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 Prince George's 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 Cheltenham. For example, the median home price in Cheltenham is $444,800, with tax bills ranging significantly across the county. Zip code 20623 has the highest median home price at $444,800.

Property Tax Assessment Values Across Cheltenham, Prince George's County, Maryland

Source: Ownwell

$223,000

$390,725

$558,450

Median Cheltenham Market Value

$444,800

Median Prince George's County Market Value

$345,300

Median Maryland Market Value

$317,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cheltenham, Prince George's County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
20623	$311,080	$363,300	$444,800	$513,100	$610,640

Source: Ownwell

Property Tax Bills Across Cheltenham, Prince George's County, Maryland

In Cheltenham, MD, within Prince George's County, property tax bills are determined by the assessed value of a home multiplied by the local tax rate. The median home price in this area is $444,800, leading to a median property tax bill that significantly surpasses the national median of $2,400. Homeowners in Cheltenham face property tax bills ranging from the 25th percentile at $3,502 to the 90th percentile at $5,772, reflecting the substantial impact of local tax rates on their financial obligations. These taxes fund essential public services but can place a heavy burden on homeowners.

Ownwell offers a solution by assisting homeowners in Cheltenham with property tax appeals and exemptions. By leveraging expertise in property assessments, Ownwell helps identify potential inaccuracies in assessed values, potentially reducing tax bills. This service not only ensures fair taxation but also provides financial relief to homeowners, allowing them to save money and better manage their household budgets. Through Ownwell's support, homeowners can achieve significant savings on their property tax bills.

Property Tax Bills Across Cheltenham, Prince George's County, Maryland

Source: Ownwell

$2,662

$5,360

$8,058

Median Cheltenham Tax Bill

$4,209

Median Prince George's County Tax Bill

$3,870

Median Maryland Tax Bill

$3,419

Median United States Tax Bill

$2,400

Property Tax Bills Across Cheltenham, Prince George's County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
20623	$3,006	$3,502	$4,209	$4,869	$5,772

Source: Ownwell