Waldorf, Prince George's County, Maryland Property Taxes

Name: Property Tax Bills Across Waldorf, Prince George's County, Maryland
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Waldorf, MD effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Waldorf, MD home value: $316,250
Median annual Waldorf, MD tax bill: $3,332, $932 higher than the national median property tax bill of $2,400.

How are property taxes in Prince George's calculated?

Property taxes in Waldorf, 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 Waldorf’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waldorf, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Waldorf, Prince George's County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.07%

Estimate Property Tax Bill

$3,384

$3,140

Ownwell’s Waldorf Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waldorf with just two data points. By entering your property's estimated assessed value, our calculator applies Waldorf’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Prince George's County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waldorf, Prince George's County, Maryland

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Waldorf, located in Charles County, Maryland, the effective property tax rate is 1.07%. This rate is slightly above the national median property tax rate of 1.02%. The median property tax rate in Maryland aligns with Waldorf's rate, reflecting a consistent approach to property taxation within the region.

This consistency in tax rates across the state ensures that residents in Waldorf experience a similar tax environment as those in other parts of Maryland. However, it's important to consider that local variations can still occur due to differing county budgets and property values. Understanding these nuances can help property owners better navigate their tax responsibilities and explore potential savings through appeals or exemptions.

Property Tax Rates Across Waldorf, 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 Waldorf Tax Rate

1.07%

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 Waldorf, Prince George's County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
20601	0.99%	1.04%	1.07%	1.08%	1.09%

Source: Ownwell

Property Tax Assessment Values Across Waldorf, Prince George's County, Maryland

When examining property taxes in Waldorf, 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 March. 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 Waldorf. For example, the median home price in Waldorf is $316,250, with tax bills ranging significantly across the county. The zip code 20601 has the highest median home price at $316,250.

Property Tax Assessment Values Across Waldorf, Prince George's County, Maryland

Source: Ownwell

$223,000

$390,725

$558,450

Median Waldorf Market Value

$316,250

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 Waldorf, Prince George's County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
20601	$212,650	$264,700	$316,250	$405,975	$534,950

Source: Ownwell

Property Tax Bills Across Waldorf, Prince George's County, Maryland

In Waldorf, 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 local tax assessor and is intended to reflect the market value of the property. Factors such as location, property size, and market trends are considered in determining this value. In Waldorf, the median property tax bill is $3,332, which is significantly higher than the national median of $2,400. Homeowners in Waldorf may find their tax bills ranging from $2,772 at the 25th percentile to $5,518 at the 90th percentile, depending on their property's assessed value. This can place a financial strain on homeowners, especially when compared to the national median property tax rate of 1.02%. Ownwell can assist homeowners by providing expert property tax appeal services, potentially reducing their tax bills. By challenging the assessed value, Ownwell aims to secure a fairer tax obligation, offering homeowners a chance to save money and alleviate financial pressure.

Property Tax Bills Across Waldorf, Prince George's County, Maryland

Source: Ownwell

$2,662

$5,360

$8,058

Median Waldorf Tax Bill

$3,332

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 Waldorf, Prince George's County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
20601	$2,291	$2,772	$3,332	$4,229	$5,518

Source: Ownwell