Property Taxes in Maryland
Maryland's effective property tax rate is 0.9%, ranking #29 out of 50 states (1 = lowest). The median annual property tax paid is $3,633.
Maryland property tax rates vary by county, with Baltimore City having the highest rate in the state and Howard County among the lowest. The state offers a homestead tax credit that caps annual assessment increases at 10% (some counties cap it lower), protecting homeowners from sudden tax spikes during periods of rapid appreciation. Maryland also offers a significant property tax credit for homeowners based on income, which can reduce bills substantially for qualifying residents. The state's assessment system revalues all properties on a three-year cycle.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
0.9%
Median Annual Tax
$3,633
National Rank
#29 of 50
1 = lowest
Homestead Exemption
No
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $1,800 | $150 |
| $300,000 | $2,700 | $225 |
| $400,000 | $3,600 | $300 |
| $500,000 | $4,500 | $375 |
| $750,000 | $6,750 | $563 |
* Based on the average effective rate of 0.9%. Actual rates vary by county and municipality.
Homestead Exemption in Maryland
Maryland does not offer a general homestead exemption for property tax purposes. However, there may be other tax credits or exemptions available for seniors, veterans, or disabled homeowners.
How Maryland Compares
...
