Maryland

Property Tax Rates & Rules

1.05%

Effective Rate

$4,410

Median Annual Tax

$420k

Median Home Value

Available

Homestead Exempt

Full Tax Details

Avg Effective Rate1.05%

Median Home Value$420,000

Median Annual Tax$4,410

Assessment Ratio100%

Homestead ExemptionYes

Senior ExemptionYes

Highest Rate CountyPrince George's

Lowest Rate CountyTalbot

Payment ScheduleSemi-annual (Sept 30 and Dec 31) or annual (Sept 30) for primary residences.

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.

Official Source

Maryland Tax Authority

Last verified: 2026-03-31 · Always confirm current rates before making real estate decisions.