Property tax in Maryland
The effective rate is about 0.92% of the home's value a year (Tax Foundation, 2024). On a $400,000 home that is about $3,680 a year (our calculation). Rates vary a lot by county and town.
Property tax
0.92%
of home value a year
Tax on a $400,000 home
$3,680
A month
$307
Rank
30 of 51
1 = lowest
| State | Property tax | Rank |
|---|---|---|
| Oregon | 0.81% | 28 |
| Missouri | 0.89% | 29 |
| Maryland | 0.92% | 30 |
| North Dakota | 0.92% | 31 |
| Alaska | 0.94% | 32 |
Common questions
What is the property tax rate in Maryland?
The effective rate is about 0.92% of the home's value a year (Tax Foundation, 2024). On a $400,000 home that is about $3,680 a year (our calculation). Rates vary a lot by county and town.
Does Maryland have high property taxes?
Maryland ranks 30 of 51 (1 = lowest effective rate), based on Tax Foundation's 2024 figures.
See the full monthly cost of a home with the mortgage calculator.
More for Maryland: monthly budget · take-home pay · rent.