Temple Hills, Maryland Property Taxes
The median property tax rate in Temple Hills, 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 Temple Hills at $279,600, the typical annual property tax bill reaches $3,047, exceeding the national median of $2,690. Property taxes in Temple Hills 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 Temple Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Temple Hills 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
Temple Hills, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$3,104
$2,880
Ownwell’s Temple Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Temple Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Temple Hills 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 Temple Hills, Maryland
Property taxes in Temple Hills, Maryland, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Temple Hills is 1.11%, higher than both the Maryland state median and the U.S. national median of 0.99%. Local government entities within Temple Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Temple Hills 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 Temple Hills' effective property tax rate to other counties in Maryland and the national median. For comparison, the 20748 zip code has the highest median property tax rate of 1.11%, while the 20748 zip code also has the lowest median tax rate of 1.11%. Understanding how these areas compare with Temple Hills 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 Temple Hills 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 Temple Hills, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20748 | 1.00% | 1.04% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Temple Hills, Maryland
In Temple Hills, 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 Temple Hills, 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 Temple Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,047 in the 20748 zip code, while the lowest median tax bill is also $3,047 in the same zip code.
Average Temple Hills Assessed Value
$279,600
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 Temple Hills, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20748 | $103,200 | $235,325 | $279,600 | $332,775 | $379,000 |
Source: Ownwell
Property Tax Bills Across Temple Hills, Maryland
In Temple Hills, located in Prince George's County, MD, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county's property assessment office, which considers factors such as the home's market value, location, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Temple Hills, the median home price is $279,600. Property tax bills vary widely, with the 25th percentile at $2,551 and the 75th percentile at $3,538. At the 90th percentile, homeowners can expect to pay around $3,940. These figures highlight how property tax bills can differ significantly based on the home's assessed value and specific characteristics. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Temple Hills to understand how their local rates and assessed values influence their overall tax burden. By staying informed, homeowners can better anticipate their annual property tax expenses and plan accordingly.
Average Temple Hills Tax Bill
$3,047
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 Temple Hills, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20748 | $1,101 | $2,551 | $3,047 | $3,538 | $3,940 |
Source: Ownwell