Property Tax · MD
Maryland Property Tax Calculator
The median effective property tax rate in Maryland is 1.05% of home value per year — about $4,200 on a $400,000 home. Enter your home value and local rate below for your estimate.
Median effective rate
1.05%
Typical bill on a $400k home
$4,200/yr
Annual tax as a % of home value. US rates range from ~0.3% to ~2.2% — check your county assessor.
Annual property tax
$4,200
- Added to monthly payment
- $350.00
- Home value
- $400,000
- Effective rate
- 1.05%
Usually collected in escrow with your mortgage.
How property tax works in Maryland
Maryland property taxes are set locally: your county or city multiplies your home’s assessed value by a millage rate to produce the bill. Expressed as an effective rate — tax as a share of market value — Maryland sits at about 1.05%, on the lower end nationally. Because rates and assessments differ by jurisdiction, two homes of equal value in different counties can owe different amounts.
Lenders typically collect property tax monthly in escrow and pay it for you, so it’s built into your mortgage payment. To estimate yours, enter your home value and your county’s rate in the calculator above.
Maryland property tax — FAQ
What is the property tax rate in Maryland?
Maryland's median effective property tax rate is 1.05% of a home's value per year for 2026. Actual bills vary by county and municipality and depend on your home's assessed value, so use it as a benchmark and confirm with your county assessor.
How much is property tax on a $400,000 home in Maryland?
At the 1.05% median effective rate, a $400,000 home runs about $4,200 a year, or roughly $350 a month collected in escrow. Your county's rate and assessment set the exact figure.
Why are Maryland property taxes relatively low?
Property taxes fund local schools and services, so rates reflect how much a state leans on property versus income and sales taxes. Maryland's effective rate of 1.05% places it below the national middle.
Property tax in other states
Open the full Property Tax Calculator →
Disclaimer: DayCents provides this calculator for educational purposes only. Results are estimates based on your inputs and the stated assumptions — they are not financial advice, a quote, or an offer of credit. Consult a qualified financial professional before making major money decisions.