District Heights, Maryland Property Taxes
The median property tax rate in District Heights, MD is 1.11%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in District Heights at $256,600, the typical annual property tax bill reaches $2,902, exceeding the national median of $2,690. Property taxes in District Heights 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 District Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of District Heights 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
District Heights, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,848
$2,643
Ownwell’s District Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in District Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in District Heights 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 District Heights, Maryland
Property taxes in District Heights, Maryland, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in District Heights is 1.11%, which is higher than the U.S. national median of 0.99%. Local government entities within District Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, District Heights 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 District Heights' effective property tax rate to other counties in Maryland and the national median. For comparison, the zip code 20747 has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with District Heights 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 District Heights Tax Rate
1.11%
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 District Heights, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20747 | 1.11% | 1.11% | 1.11% | 1.11% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across District Heights, Maryland
In District Heights, 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 District Heights, 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 District Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,902, found in zip code 20747.
Property Tax Assessment Values Across District Heights, Maryland
Source: Ownwell
$223,000
$390,725
$558,450
Average District Heights Assessed Value
$256,600
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 District Heights, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20747 | $142,000 | $229,000 | $256,600 | $281,900 | $313,440 |
Source: Ownwell
Property Tax Bills Across District Heights, Maryland
In District Heights, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. This assessed value is then multiplied by the property tax rate set by Prince George's County. For homeowners in District Heights, the median home price is $256,600, and the property tax rate can significantly impact the annual tax bill. For example, the tax bill at the 25th percentile is $2,589, while at the 75th percentile, it rises to $3,463. The top 10% of tax bills can reach as high as $4,448. These figures are notably higher than the national median property tax rate of 0.99%, reflecting the local tax rate's influence on homeowners' financial obligations. Understanding these factors is crucial for homeowners as they plan their budgets and consider the long-term costs of owning property in District Heights.
Average District Heights Tax Bill
$2,902
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 District Heights, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20747 | $1,579 | $2,589 | $2,902 | $3,463 | $4,448 |
Source: Ownwell