Glenarden, Maryland Property Taxes
The median property tax rate in Glenarden, MD is 1.34%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Glenarden at $271,900, the typical annual property tax bill reaches $3,631, exceeding the national median of $2,690. Property taxes in Glenarden 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 Glenarden'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 Glenarden 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
Glenarden, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$3,643
$3,381
Ownwell’s Glenarden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenarden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenarden 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 Glenarden, Maryland
Property taxes in Glenarden, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glenarden is 1.34%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Glenarden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenarden 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 Glenarden's effective property tax rate to other areas and the national median. For comparison, the zip code 20706 has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these areas compare with Glenarden 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 Glenarden Tax Rate
1.34%
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 Glenarden, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20706 | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% |
| 20774 | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Glenarden, Maryland
In Glenarden, 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 Appraisal District 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 Glenarden, 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. The highest median tax bill in Glenarden is $4,392 in the 20774 zip code, while the lowest median tax bill is $3,501 in the 20706 zip code. Being aware of these valuation processes in Glenarden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glenarden Assessed Value
$271,900
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 Glenarden, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20706 | $224,400 | $237,700 | $262,150 | $305,500 | $398,720 |
| 20774 | $302,420 | $320,200 | $328,800 | $355,100 | $389,900 |
Source: Ownwell
Property Tax Bills Across Glenarden, Maryland
Property tax bills in Glenarden, located in Prince George's County, Maryland, are determined by a combination of the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the market value of the home, which in Glenarden averages around $271,900. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For instance, homes in the 25th percentile of tax bills pay around $3,225 annually, while those in the 75th percentile face bills of approximately $4,377. The highest median tax bill in the area is $4,392, found in the 20774 zip code, whereas the lowest is $3,501 in the 20706 zip code. These property tax bills can significantly impact homeowners, affecting their overall cost of living and potentially influencing their decisions regarding property investments and homeownership. With the national median property tax rate at 0.99%, Glenarden's property taxes are relatively high, reflecting the area's property values and local government funding needs.
Average Glenarden Tax Bill
$3,631
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 Glenarden, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20706 | $2,998 | $3,175 | $3,501 | $4,081 | $5,327 |
| 20774 | $4,040 | $4,277 | $4,392 | $4,743 | $5,208 |
Source: Ownwell