2026 effective rate · 0.99% · near the US average (0.99%)
Maryland Property Tax Calculator
Estimate annual and monthly property tax in Maryland. The state's effective property tax rate is 0.99% (close to the national average, vs the US average of about 0.99%). On a $371,100 median-value home, that works out to about $3,680 per year or $306 per month.
Maryland median home property tax
$3,674 per year
$306 per month at the median home value of $371,100
Effective rate 0.99% times $371,100 = $3,674
Maryland property tax at common home values
| Home value | Annual property tax | Monthly | % of value |
|---|---|---|---|
| $150,000 | $1,485 | $124 | 0.99% |
| $250,000 | $2,475 | $206 | 0.99% |
| $350,000 | $3,465 | $289 | 0.99% |
| $371,100 (median) | $3,674 | $306 | 0.99% |
| $500,000 | $4,950 | $413 | 0.99% |
| $750,000 | $7,425 | $619 | 0.99% |
Uses Maryland's 2026 effective rate (0.99%). Actual taxes vary by county and exemptions. For full PITI mortgage estimate including taxes + insurance, use the Maryland mortgage calculator.
Maryland property tax overview
Maryland's Homestead Tax Credit caps annual assessment increases at 10% for primary residences. Transfer tax is 1% of sale price (split between buyer and seller).
Maryland's effective rate of 0.99% ranks close to the national average nationally. Median annual property tax: $3,680. Median home value: $371,100.
Maryland vs neighboring states
| State | Effective rate | Median home | Median annual tax |
|---|---|---|---|
| Maryland (this page) | 0.99% | $371,100 | $3,680 |
| Virginia | 0.80% | $348,300 | $2,780 |
| West Virginia | 0.57% | $134,200 | $768 |
| Delaware | 0.55% | $305,900 | $1,756 |
FAQs about Maryland property tax
What is the property tax rate in Maryland?
Maryland's effective property tax rate is 0.99% (close to the national average, vs national average of ~0.99%). On a $371,100 median-value home, that's about $3,680 per year, or roughly $306 per month added to your housing cost.
How is property tax calculated in Maryland?
Property tax = assessed value times the local mill rate (millage). The effective rate (0.99%) is what you actually pay as a percentage of market value, accounting for assessment ratios, exemptions, and millage. For a home valued at X, multiply X by 0.99% for an annual estimate.
When are property taxes due in Maryland?
Property tax due dates vary by county within Maryland. Most counties bill annually with either a single payment or two installments. Common payment deadlines fall in late summer (1st half) and late winter (2nd half). Check with your county tax assessor for exact dates and any escrow arrangements through your mortgage lender.
Does Maryland have a homestead exemption?
Maryland's Homestead Tax Credit caps annual assessment increases at 10% for primary residences. Transfer tax is 1% of sale price (split between buyer and seller).
How does Maryland property tax compare to neighboring states?
Maryland's 0.99% rate compares to: Virginia (0.80%), West Virginia (0.57%), Delaware (0.55%). Property tax burden can vary significantly between neighboring states — moving 30 miles across a state line can change your annual tax bill by thousands.
Can I appeal my property tax assessment in Maryland?
Yes. Every US state including Maryland provides a formal property tax appeal process. Steps: (1) request your property's assessment record from the county assessor, (2) gather comparable sales from your neighborhood, (3) file a formal appeal within the deadline (usually 30-60 days after assessment notice). Successful appeals typically save 5-15% on annual tax bills.
How can I lower my Maryland property taxes?
Common strategies: apply for homestead exemption (primary residence), senior or disabled exemptions if eligible, veteran's exemptions, and appeal over-assessment. Track your county's assessment notices carefully and verify the appraisal matches recent comparable home sales. Avoid major visible upgrades right before reassessment dates.