Maryland · FIPS 24031 · ACS 2020–2024
Montgomery County, Maryland property tax rate
Homeowners in Montgomery County paid a median of $5,539 a year in real estate taxes on a median home value of $640,300 (2020–2024 survey). Taxes came to 0.85% of home value, 8% below the Maryland rate of 0.92% and 10% below the U.S. rate of 0.94%.
- 0.85%Effective tax rate±0.02% margin · Maryland: 0.92%
- $5,539Median tax per yearMaryland: $4,093 · U.S.: $3,119
- $640,300Median home valueMaryland: $419,900
- 254,139Owner-occupied homes65% of households own
| Measure | Montgomery County | Maryland | U.S. | Montgomery County 2019–2023 | Change |
|---|---|---|---|---|---|
| Effective tax rate | 0.85% | 0.92% | 0.94% | 0.86% | −0.01 pts |
| Median tax, all owners | $5,539 | $4,093 | $3,119 | $5,341 | +$198 (+3.7%) |
| Median tax, with a mortgage | $5,457 | $4,195 | $3,489 | $5,287 | +$170 (+3.2%) |
| Median tax, no mortgage | $5,725 | $3,856 | $2,576 | $5,470 | +$255 (+4.7%) |
| Median home value | $640,300 | $419,900 | $332,700 | $615,200 | +$25,100 (+4.1%) |
| Total taxes paid | $1,635,814,600 | $7,381,844,600 | $360,573,527,500 | $1,580,085,400 |
How Montgomery County compares
- Per $1,000 of home value, owners here paid about $8.48 a year, against $9.24 statewide and $9.40 nationally.
- Rank in Maryland: 13 of 23 counties from lowest to highest effective rate (among those with reliable estimates). Nationally, 58% of 2,682 counties had a lower rate.
- Homes with a mortgage: 0.84% of value; homes without one: 0.86%. Median bills: $5,457 and $5,725.
- Compared with the 2019–2023 survey, the effective rate fell (−0.01 pts) and the median tax changed +$198 (+3.7%). The two 5-year surveys share four years of responses, so year-to-year moves are small and partly noise.
- Margin of error: the effective rate is 0.85% ± 0.02% at 90% confidence, from a sample of the 254,139 owner-occupied homes.
Maryland counties with similar rates
| County | Effective rate | Median tax | Median value |
|---|---|---|---|
| Anne Arundel County | 0.80% | $3,957 | $467,900 |
| Washington County | 0.81% | $2,481 | $296,100 |
| Calvert County | 0.83% | $3,885 | $460,200 |
| Harford County | 0.83% | $3,448 | $386,400 |
| Dorchester County | 0.84% | $2,456 | $262,400 |
| Cecil County | 0.86% | $3,068 | $343,400 |
| Carroll County | 0.87% | $3,934 | $434,000 |
| Kent County | 0.92% | $3,025 | $330,900 |
Sources
- U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates, table-based summary file: B25090 (aggregate real estate taxes), B25082 (aggregate home value), B25103 (median real estate taxes), B25077 (median home value) and B25003 (tenure); files dated January 29, 2026.
- U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates, same tables (files dated October 31, 2024), for the comparison column.
- Geography names: Census Bureau Geos20245YR.txt (file dated January 22, 2026).
Effective rate = total real estate taxes paid by owner-occupied homes ÷ their total value, as reported by owners to the Census Bureau. It is not a millage rate. Your bill depends on your assessed value, exemptions (such as homestead) and local levies.