North Brentwood, Maryland Property Taxes
The median property tax rate in North Brentwood, MD is 1.53%, considerably higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in North Brentwood at $354,650, the typical annual property tax bill reaches $5,358, exceeding the national median of $2,690. Property taxes in North Brentwood 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 North Brentwood'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 North Brentwood 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
North Brentwood, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$5,426
Ownwell’s North Brentwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Brentwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Brentwood 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 North Brentwood, Maryland
Property taxes in North Brentwood, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Brentwood is 1.53%, significantly higher than both the Maryland state median of 1.09% and the U.S. national median of 0.99%. Local government entities within North Brentwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Brentwood 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 North Brentwood's effective property tax rate to other counties in Maryland and the national median. For comparison, the zip code 20722 has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these cities compare with North Brentwood 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 North Brentwood Tax Rate
1.53%
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 North Brentwood, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20722 | 1.48% | 1.51% | 1.53% | 1.55% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across North Brentwood, Maryland
In North Brentwood, 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 North Brentwood, 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 North Brentwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $354,650, with tax bills ranging from $4,747 at the 25th percentile to $7,083 at the 90th percentile. The zip code 20722 has both the highest and lowest median tax bill at $5,358.
Property Tax Assessment Values Across North Brentwood, Maryland
Source: Ownwell
$223,000
$390,725
$558,450
Average North Brentwood Assessed Value
$354,650
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 North Brentwood, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20722 | $275,340 | $314,775 | $354,650 | $386,575 | $471,500 |
Source: Ownwell
Property Tax Bills Across North Brentwood, Maryland
In North Brentwood, located in Prince George's County, MD, property tax bills are calculated based on the assessed value of a home. The local government determines this value, which is distinct from the market value, through periodic assessments. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. For homeowners in North Brentwood, the median home price stands at $354,650. Tax bills can vary significantly, with the 25th percentile at $4,747 and the 75th percentile reaching $5,921. At the higher end, the 90th percentile tax bill can be as much as $7,083. The median property tax rate in North Brentwood is notably higher than the national median of 0.99%, which impacts homeowners by increasing their annual financial obligations. These property taxes fund essential community services such as public schools, infrastructure, and emergency services, directly affecting the quality of life in the area.
Average North Brentwood Tax Bill
$5,358
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 North Brentwood, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20722 | $4,220 | $4,747 | $5,358 | $5,921 | $7,083 |
Source: Ownwell