Fort Washington, Prince George's County, Maryland Property Taxes
Median FORT WASHINGTON, MD effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median FORT WASHINGTON, MD home value: $362,700
Median annual FORT WASHINGTON, MD tax bill: $3,812, $1,412 higher than the national median property tax bill of $2,400.
How are property taxes in Prince George's calculated?
Property taxes in FORT WASHINGTON, 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 FORT WASHINGTON’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in FORT WASHINGTON, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fort Washington, Prince George's County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.05%
Estimate Property Tax Bill
$3,808
$3,534
Property Tax Rates Across Fort Washington, Prince George's County, Maryland
Property Tax Rates Across Fort Washington, 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 Fort Washington Tax Rate
1.05%
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 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 Fort Washington, Prince George's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20744 | 1.01% | 1.03% | 1.05% | 1.08% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Fort Washington, Prince George's County, Maryland
When examining property taxes in Fort Washington, MD, 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 May. 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 Fort Washington. For example, the median home price in Fort Washington is $362,700, with tax bills ranging significantly across the county. Zip code 20744 has the highest median home price at $362,700.
Property Tax Assessment Values Across Fort Washington, Prince George's County, Maryland
Source: Ownwell
$223,000
$390,725
$558,450
Median Fort Washington Market Value
$362,700
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 Fort Washington, Prince George's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20744 | $245,880 | $311,000 | $362,700 | $438,300 | $551,280 |
Source: Ownwell
Property Tax Bills Across Fort Washington, Prince George's County, Maryland
In Fort Washington, located in Prince George's County, MD, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal of the property's market value. The median home price in this area is $362,700, and property tax rates are applied to this assessed value to determine the annual tax bill. Homeowners in Fort Washington face a median property tax bill of approximately $3,812, which is notably higher than the national median property tax bill of $2,400. Factors influencing the tax bill include changes in home values and local tax rates. As a result, homeowners may experience fluctuations in their annual property tax obligations.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners potentially reduce their tax bills. This service can be particularly beneficial in areas like Fort Washington, where property taxes are above the national average, offering homeowners a chance to achieve significant savings on their annual tax expenses.
Property Tax Bills Across Fort Washington, Prince George's County, Maryland
Source: Ownwell
$2,662
$5,360
$8,058
Median Fort Washington Tax Bill
$3,812
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 Fort Washington, Prince George's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20744 | $2,694 | $3,290 | $3,812 | $4,631 | $5,799 |
Source: Ownwell