Property Tax in Maryland (2026): Rates, Exemptions, and Real Numbers

Maryland Property Tax Rates by County

Highest and lowest effective rates within Maryland

Property Tax Calculator — Maryland

Pre-loaded with Maryland's 0.97% effective rate and $434,230 median price

Property Tax by City in Maryland

Annual and monthly property tax by city, based on local median prices and the statewide effective rate

Maryland Homestead Exemption

How Maryland Assesses Property Values

Assessment cycle: Triennial reassessment — each property is reassessed once every 3 years on a rolling basis (one-third of properties reassessed annually). Homestead cap limits taxable value increases between reassessments.

Property Tax's Impact on Your True Monthly Cost

On a $434,230 home in Maryland

Property tax represents 10% of the true monthly cost in Maryland.

Mortgage Calculator Including Property Tax — Maryland

See your full PITI (principal, interest, taxes, insurance) payment

How Maryland's Property Tax Affects Affordability

$351/month in property tax reduces the home price you can afford. Use the affordability calculator to see the real impact.

Property Tax After Refinancing in Maryland

Refinancing changes your P&I but not your property tax. If your home was reassessed at a higher value, your tax bill increases regardless of your rate.

Frequently Asked Questions

What is the property tax rate in Maryland?

Maryland's effective property tax rate is 0.97%, ranking #22 nationally. The median annual property tax bill is $4,212 ($351/month). Rates range from 0.73% in Frederick County to 2.25% in Baltimore City. Source: Tax Foundation Property Taxes by State 2024.

Does Maryland have a homestead exemption?

Yes — Maryland offers a homestead exemption for primary residences. Homestead Tax Credit: caps the annual increase in taxable assessment for owner-occupied primary residences. State cap is 10%; most counties set lower caps (many at 0%–4%). On sale, assessment resets. Homeowners' Property Tax Credit available for eligible low-to-moderate income households.. Apply through your county assessor's office after purchasing your home.

How often is property reassessed in Maryland?

Maryland reassesses property on a triennial reassessment — each property is reassessed once every 3 years on a rolling basis (one-third of properties reassessed annually). homestead cap limits taxable value increases between reassessments. basis. When your property is reassessed, your tax bill changes based on the new assessed value multiplied by the applicable rate. If you believe your assessment is too high, you can appeal — most counties allow 30-90 days after receiving your assessment notice.

How is property tax calculated in Maryland?

Property tax = Assessed Value × Mill Rate (or effective rate). In Maryland, the effective rate is 0.97% of market value. On a $434,230 home: $434,230 × 0.97% = $4,212/year. Assessments may use a fraction of market value — the effective rate accounts for this.

Can I appeal my property tax assessment in Maryland?

Yes. If your assessed value is higher than comparable sales in your area, you can file an appeal with your county assessment board. Steps: (1) Get your assessment notice, (2) Research comparable recent sales, (3) File an appeal by the deadline (typically 30-90 days from assessment notice). Studies show 20-40% of appeals result in a reduction. The process is free and you represent yourself — no attorney required.

Are property taxes included in my mortgage payment in Maryland?

Most lenders require an escrow account that collects $351/month ($4,212/year ÷ 12) along with your mortgage payment, then pays the county on your behalf. If your loan-to-value is below 80%, you may be able to opt out of escrow and pay taxes directly. Note: if your assessed value rises, your escrow payment adjusts and your total monthly cost increases.

What Maryland counties have the highest and lowest property taxes?

Maryland's highest effective rate is in Baltimore City at 2.25%. The lowest is Frederick County at 0.73%. That's a 1.52% spread — on a $434,230 home, the difference is $6,600/year.