Maryland Property Tax Calculator
Calculate Maryland property taxes. Effective rate: 1.09%. Estimate annual and monthly property tax on your home.
How This Calculator Works
Calculation methodology and assumptions
Property tax is calculated by multiplying the assessed value of your property by the local tax rate. In Maryland, the effective property tax rate averages 1.09%. This calculator uses the effective rate, which accounts for the difference between assessed and market value.
Frequently Asked Questions
What is the property tax rate in Maryland?
Maryland's effective property tax rate is 1.09%. On a $395,000 home, that's approximately $4,306 per year or $359/month.
Does Maryland have a homestead exemption?
Maryland does not offer a significant statewide homestead exemption, though some counties may have local exemptions.
When are property taxes due in Maryland?
Property tax due dates vary by county in Maryland. Most counties bill semi-annually or annually. Check with your county assessor's office for specific dates. Many mortgage lenders collect property taxes monthly as part of escrow.
How does Maryland's property tax compare to other states?
Maryland's rate of 1.09% is below the national average of 1.10%.
Related Calculators
More Property Tax Calculators
More Calculators for Maryland
Explore related financial tools with Maryland data