Maryland variant. This is a Maryland-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Maryland's effective property tax rate of 1.02% means the owner of a median $425,000 home pays roughly $4,335 per year - a figure that varies widely by state.
How Maryland property tax is calculated
Property tax = assessed value × local millage rate. The 1.02% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $425,000 Maryland median home, that works out to about $4,335/year or $361/month - often escrowed into your mortgage payment.
About taxes and housing in Maryland
Maryland combines a state income tax with mandatory county income taxes, so the combined rate varies significantly by where you live.
Maryland's property taxes are near the national average and include both state and county components.
Maryland consistently ranks among the highest in median household income, driven by federal government, biotech, and defense employment near Washington, D.C.
Worked example: tax on a $425,000 home
$425,000 × 1.02% = $4,335 per year. A $500,000 home in Maryland would owe about $5,100 annually at the same effective rate.
Quick reference
- State income tax: 2-5.75% plus county tax (up to 3.2%)
- State sales tax: 6% (plus 0.00% avg local)
- Median home value: $425,000
- Median household income: $98,461
- Effective property tax rate: 1.02%
- Avg auto insurance: $1,640/yr
Frequently Asked Questions
What is the property tax rate in Maryland?
Maryland's effective property tax rate averages 1.02% of market value per year.
How much property tax on a $425,000 home in Maryland?
About $4,335 per year at the 1.02% effective rate.