Clinton, Maryland Property Taxes
The median property tax rate in Clinton, MD is 0.97%, slightly below the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Clinton at $373,650, the typical annual property tax bill reaches $3,665, surpassing the national median of $2,690. Property taxes in Clinton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clinton'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 Clinton 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
Clinton, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$3,624
Ownwell’s Clinton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clinton 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 Prince George's County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Clinton, Maryland
Property taxes in Clinton, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton is 0.97%, slightly below the U.S. national median of 0.99%. Local government entities within Clinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clinton 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 Clinton's effective property tax rate to other areas in Prince George's County and the national median. For comparison, the zip code 20735 has both the highest and lowest median property tax rate of 0.97%. Understanding how these areas compare with Clinton 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 Clinton Tax Rate
0.97%
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 Clinton, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20735 | 0.92% | 0.94% | 0.97% | 1.01% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, Maryland
In Clinton, 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. 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 Clinton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in Clinton is $3,665 in the 20735 zip code, which is significantly higher than the national median property tax rate of 0.99%.
Average Clinton Assessed Value
$373,650
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 Clinton, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20735 | $297,000 | $331,700 | $373,650 | $460,800 | $573,800 |
Source: Ownwell
Property Tax Bills Across Clinton, Maryland
In Clinton, located in Prince George's County, MD, property tax bills are determined based on the assessed value of the property and the local tax rate. The assessed value is an estimate of the property's market value as determined by the county's assessment office. This value is then multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition, as well as recent sales of comparable properties in the area. Homeowners in Clinton face a median property tax bill of $3,665, which is significantly higher than the national median property tax rate of 0.99%. For properties within the 25th percentile, tax bills are around $3,271, while those in the 75th percentile can expect bills closer to $4,529. At the 90th percentile, tax bills can reach up to $5,560. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for Clinton residents.
Average Clinton Tax Bill
$3,665
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 Clinton, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20735 | $2,989 | $3,271 | $3,665 | $4,529 | $5,560 |
Source: Ownwell