Leonardtown, St. Mary's County, Maryland Property Taxes
Median Leonardtown, MD effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Leonardtown, MD home value: $407,500
Median annual Leonardtown, MD tax bill: $3,840, $1,440 higher than the national median property tax bill of $2,400.
How are property taxes in St. Mary's calculated?
Property taxes in Leonardtown, 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 Leonardtown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Leonardtown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Leonardtown, St. Mary's County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.96%
Estimate Property Tax Bill
$3,912
$3,630
Property Tax Rates Across Leonardtown, St. Mary's County, Maryland
Local government entities are responsible for setting property tax rates, and these rates can differ significantly even within the same state. This variation is due to the fact that each county, such as St. Mary's, assesses its budgetary needs annually to fund local services. The required budget is then divided by the total assessed value of all taxable properties within the county, resulting in the property tax rate. Although the process involves votes and legislative decisions, this is the basic annual procedure for determining tax rates.
In Leonardtown, located in St. Mary's County, the effective property tax rate aligns with the county's median rate. When compared to the median property tax rate in Maryland, Leonardtown's rate offers a competitive edge. Additionally, when contrasted with the national median property tax rate of 1.02%, Leonardtown's rate presents an attractive option for property owners. This makes Leonardtown an appealing choice for those looking to optimize their property tax expenses while enjoying the benefits of local services funded by these taxes.
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 Leonardtown Tax Rate
0.96%
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 St. Mary's County Tax Rate
1.05%
Median Effective Maryland Tax Rate
1.06%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Leonardtown, St. Mary's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20650 | 0.86% | 0.92% | 0.96% | 1.01% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Leonardtown, St. Mary's County, Maryland
When examining property taxes in Leonardtown, 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 St. Mary'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 St. Mary's County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Leonardtown. For example, the median home price in Leonardtown is $407,500, with tax bills ranging significantly across the county. Zip code 20650 has the highest median home price at $407,500.
Property Tax Assessment Values Across Leonardtown, St. Mary's County, Maryland
Source: Ownwell
$241,000
$381,150
$521,300
Median Leonardtown Market Value
$407,500
Median St. Mary's County Market Value
$302,600
Median Maryland Market Value
$317,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Leonardtown, St. Mary's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20650 | $224,160 | $298,100 | $407,500 | $515,500 | $618,540 |
Source: Ownwell
Property Tax Bills Across Leonardtown, St. Mary's County, Maryland
Median Leonardtown Tax Bill
$3,840
Median St. Mary's County Tax Bill
$3,095
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across Leonardtown, St. Mary's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20650 | $2,125 | $2,806 | $3,840 | $4,954 | $5,968 |
Source: Ownwell