MarylandMD

Effective tax rate

0.99%

Median home value

$410,200

Median annual tax

$4,061

National rank

#21

Counties

24

Counties in Maryland

Top ZIP codes in Maryland

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Property tax in Maryland

Maryland has an effective property tax rate of 0.99%, ranking #21 highest in the nation. The median home value is $410,200, and the median annual property tax payment is $4,061.

Property taxes in Maryland are below the national median rate of 1.02%. This lower rate can make homeownership more affordable compared to many other states.

Property tax exemptions in Maryland

Maryland offers several property tax exemptions to eligible homeowners. Common exemptions include homestead exemptions for primary residences, senior citizen exemptions for residents over 65, veteran exemptions for military service members, and disability exemptions. Contact your county assessor's office for specific eligibility requirements and application deadlines.

Frequently asked questions

What is the property tax rate in Maryland?

Maryland has an effective property tax rate of 0.99%, ranking #21 highest in the nation. The median annual property tax payment is $4,061 on a $410,200 home.

How does Maryland property tax compare to the national average?

The national median effective property tax rate is 1.02%. Maryland's rate of 0.99% is below the national median of 1.02%, meaning homeowners in Maryland pay less relative to their home values.

Which county in Maryland has the highest property tax?

Somerset County has the highest effective property tax rate in Maryland at 0.76%.

Which county in Maryland has the lowest property tax?

Wicomico County has the lowest effective property tax rate in Maryland at 0.74%.

What property tax exemptions are available in Maryland?

Maryland offers several property tax exemptions including homestead exemptions for primary residences, senior citizen exemptions for residents over 65, veteran exemptions for military service members, and disability exemptions. Contact your county assessor's office for specific eligibility requirements.