Property Tax Rates & Rules
Maryland has an average effective property tax rate of 1.05%, making it a mid-range property tax state. On a median-valued home of $420,000, the typical annual property tax bill is $4,410. Homeowners may qualify for a homestead exemption, which can reduce the taxable value of a primary residence. Homestead Credit limits assessment growth to 10% (state) or lower (county) per year. Senior citizens may qualify for additional exemptions or tax relief programs. If you believe your property is over-assessed, you have the right to appeal.
Assessment Method
Full cash value assessed every three years; phased into tax base over three years.
Homestead Exemption Details
Homestead Credit limits assessment growth to 10% (state) or lower (county) per year.
Senior Exemption Details
Homeowners' Tax Credit available for seniors based on income/net worth ratio.
How to Appeal Your Assessment
Appeal to Supervisor of Assessments within 45 days of assessment notice.
What is the property tax rate in Maryland?
Maryland has an average effective property tax rate of 1.05%. On a home valued at $420,000, the typical annual property tax bill is approximately $4,410. Rates vary by county — Prince George's has the highest rates while Talbot has the lowest.
Does Maryland have a homestead exemption?
Yes. Maryland offers a homestead exemption for primary residences. Homestead Credit limits assessment growth to 10% (state) or lower (county) per year.
How is property assessed in Maryland?
Maryland assesses property at 100%. Full cash value assessed every three years; phased into tax base over three years. The assessed value is then multiplied by the local mill rate to determine your property tax bill.
How do I appeal my property tax assessment in Maryland?
Appeal to Supervisor of Assessments within 45 days of assessment notice.
Are there senior property tax exemptions in Maryland?
Yes. Maryland offers property tax relief for senior citizens. Homeowners' Tax Credit available for seniors based on income/net worth ratio.
When are property taxes due in Maryland?
Maryland property taxes are paid on a Semi-annual (Sept 30 and Dec 31) or annual (Sept 30) for primary residences.. Contact your county tax collector for exact due dates and payment options for your area.
How does Maryland property tax compare to neighboring states?
Maryland's average effective rate of 1.05% is close to the national average of approximately 1.1%. Use the comparison table above to see how neighboring states compare.
Think Your Maryland Property Tax Is Too High? — Partner Services
If your home is over-assessed you could be overpaying property taxes every year. These services help homeowners appeal their assessments and reduce their tax bills — often at no upfront cost.
Sponsored. DataTactic may earn a referral fee from these partners. This does not affect our data or editorial content.
Official Source
Maryland Tax Authority
Last verified: 2026-03-31 · Always confirm current rates before making real estate decisions.