Glenn Dale, Maryland Property Taxes
The median property tax rate in Glenn Dale, MD is 0.98%, slightly lower than the state median of 1.06% but still close to the national median of 0.99%. With a median home value of $531,000, the typical annual property tax bill in Glenn Dale reaches $5,230, significantly surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Glenn Dale'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 Glenn Dale 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
Glenn Dale, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$5,204
Ownwell’s Glenn Dale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenn Dale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenn Dale 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 Glenn Dale, Maryland
Property taxes in Glenn Dale, Maryland, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Glenn Dale is 0.98%, slightly below Maryland's state median and just under the U.S. national median of 0.99%. Local government entities in Glenn Dale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenn Dale 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 Glenn Dale's effective property tax rate to other counties in Maryland and the national median. For comparison, the zip code 20769 has the highest median property tax rate of 0.98%, while the same zip code also has the lowest median tax rate of 0.98%. Understanding how these cities compare with Glenn Dale 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 Glenn Dale Tax Rate
0.98%
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 Glenn Dale, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20769 | 0.93% | 0.95% | 0.98% | 1.00% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Glenn Dale, Maryland
In Glenn Dale, 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 authorities 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 Glenn Dale, 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 Glenn Dale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Glenn Dale is $531,000, with tax bills ranging from $4,118 at the 25th percentile to $7,220 at the 90th percentile. The highest and lowest median tax bills are both $5,230 in zip code 20769.
Average Glenn Dale Assessed Value
$531,000
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 Glenn Dale, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20769 | $341,690 | $407,500 | $531,000 | $656,925 | $734,720 |
Source: Ownwell
Property Tax Bills Across Glenn Dale, Maryland
In Glenn Dale, 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 property assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Glenn Dale, the median home price is $531,000. The property tax rate in Prince George's County results in a tax bill that varies significantly across different percentiles. For instance, homeowners at the 25th percentile pay around $4,118 annually, while those at the 75th percentile see tax bills of about $6,404. At the 90th percentile, property taxes can reach up to $7,220. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Comparing this to the national median property tax rate of 0.99%, homeowners in Glenn Dale may find their taxes higher, reflecting the higher property values and robust local services.
Average Glenn Dale Tax Bill
$5,230
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 Glenn Dale, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20769 | $3,543 | $4,118 | $5,230 | $6,404 | $7,220 |
Source: Ownwell