Maryland Property Tax Calculator
Calculate property taxes in Maryland. MD effective property tax rate is 1.05% with a median home value of $400,000. Includes MD assessment ratios and exemptions.
Maryland at a Glance
$400,000
Median Home Price
1.05%
Property Tax Rate
$1,800
Avg Home Insurance
$766,550
FHA Loan Limit
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Reviewed & Methodology
Every calculator is built using industry-standard formulas, validated against authoritative sources, and reviewed by a credentialed financial professional. State-specific data is sourced from official government publications.
Property Tax Calculator in Maryland
The median home price in Maryland is $400,000, which is 5% below the national average of $420,000. Maryland's effective property tax rate of 1.05% is 0.05 percentage points lower than the national average of 1.1%.
| Metric | Maryland (MD) | National Avg | vs National Average |
|---|---|---|---|
| Median Home Price | $400,000 | $420,000 | -5% |
| Property Tax Rate | 1.05% | 1.1% | -0.05% |
| Home Insurance (Annual) | $1,800 | $2,300 | -22% |
| State Sales Tax | 6% | 5% | +1.0% |
| FHA Loan Limit | $766,550 | $472,030 | Higher |
| Conforming Loan Limit | $766,550 | $766,550 | Standard |
Homeownership in Maryland
Maryland's housing market is heavily influenced by the federal government employment base, defense contractors, and proximity to Washington DC. The DC suburbs -- Montgomery County, Prince George's County, and parts of the DC-Baltimore corridor -- command premiums well above the $400,000 statewide median. Maryland has a state income tax with rates up to 5.75% plus local piggyback taxes that can add another 2-3%, making the total income tax burden among the highest in the South/Mid-Atlantic region.
Tips for Maryland Homebuyers and Homeowners
- Maryland's local income taxes (set by each county) layer on top of the 5.75% state rate -- in high-rate counties like Montgomery, your combined income tax could hit 8%+.
- The state transfer tax is 0.5% for owner-occupants (compared to 1% for investors), plus county transfer and recordation taxes -- total transfer costs often hit 1.5-2.5% of purchase price.
- Maryland seniors 65+ and disabled homeowners with income below $60,000 may qualify for the Homeowners' Property Tax Credit, which limits taxes to a percentage of income.
- Maryland's inheritance tax applies to non-immediate family members -- siblings, nieces, nephews, and others pay 10% on inherited amounts, unlike many states that have eliminated inheritance taxes.
Maryland Programs and Assistance
- Maryland Mortgage Program (MMP) -- the state's flagship first-time homebuyer loan with competitive rates and multiple down payment assistance options including 'The Maryland SmartBuy' for student loan holders.
- Maryland SmartBuy 3.0 -- helps homebuyers pay off student loans by combining mortgage financing with student debt payoff funding, up to 15% of purchase price.
- HomeCredit Program (MCC) -- Mortgage Credit Certificate providing a federal tax credit equal to 25% of mortgage interest paid annually.
Did you know? Maryland has both an estate tax (on estates over $5 million) and an inheritance tax on non-immediate family beneficiaries -- one of only a handful of states with both taxes, making estate planning critical for Maryland homeowners.