Free property tax calculator tailored for Maryland (MD). Calculate instantly with state-specific rates and rules.
Maryland has an effective property tax rate of 1.09%, producing an average annual bill of $3,633. The US national average is 1.07% — Maryland's rate is near the national average, placing it at rank #28 out of 50 states (rank 1 = lowest).
Maryland assesses property at 100% of market value through triennial (3-year) reassessments. To cushion the impact of revaluation increases, assessment increases are phased in equally over 3 years.
The Homestead Property Tax Credit caps annual increases in assessed value used for taxation at 10% per year for primary residences (many counties have lower caps — Montgomery County caps at 10%, Baltimore City at 4%). This is separate from the statewide Homeowners' Tax Credit, which is income-based.
The Homestead Credit cap is Maryland's primary taxpayer protection, limiting annual taxable value increases even when market value rises sharply.
Maryland's suburbs of Washington D.C. — Montgomery, Howard, and Prince George's counties — carry some of the highest property tax bills in the state due to premium school systems and services.
The median home value in Maryland is $380,000. D.C. suburbs have remained among the most resilient housing markets nationally, with steady demand from federal government workers. Baltimore city is significantly more affordable. At the 1.09% effective rate, a homeowner at the median value pays roughly $3,633/year in property taxes.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
More from TUDITOOLS