Montgomery County, Maryland property tax
The median homeowner in Montgomery County, Maryland pays $5,341 a year in property tax on a home worth $615,200, an effective rate of 0.87%. The national effective rate is 0.98%.
What the rate means here
Montgomery County taxes property at 0.87%, within a rounding error of the national 0.98%. That makes the $5,341 median bill mostly a statement about local house prices rather than about local tax policy.
It ranks #18 of 24 Maryland counties by effective rate, against a statewide 1.00%, and #1,304 nationally. The state runs from 1.48% in Baltimore city down to 0.66% in Talbot County.
The median home costs 4.78 times the median household income of $128,733, against 3.86 nationally, so housing absorbs an unusually large share of what people here earn. Renters pay 18.92% of median income in gross rent. With 1,057,586 residents this is one of the larger counties in the country, so the medians here average across a genuinely varied housing market and hide a lot of local range.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Montgomery County | Maryland | United States | |
|---|---|---|---|
| Effective property tax | 0.87% | 1.00% | 0.98% |
| Median tax bill | $5,341 | $3,989 | $2,969 |
| Median home value | $615,200 | $397,700 | $303,400 |
| Median gross rent | $2,030 | $1,662 | $1,348 |
| Median household income | $128,733 | $101,652 | $78,538 |
| Home price to income | 4.78× | 3.91× | 3.86× |
| Rent as share of income | 18.92% | 19.62% | 20.6% |
| Owner-occupied | 65.34% | 67.48% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 1,057,586.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Prince George's County | 1.15% | $4,662 | $404,300 |
| Baltimore County | 1.10% | $3,645 | $330,000 |
| Anne Arundel County | 0.85% | $3,836 | $450,300 |
| Baltimore city | 1.48% | $3,236 | $219,300 |
| Howard County | 1.18% | $6,814 | $576,700 |
Montgomery County property tax: common questions
What is the property tax rate in Montgomery County, Maryland?
The effective rate is 0.87% of home value, from a median tax bill of $5,341 against a median home value of $615,200. That is 0.11 points below the national 0.98%.
How much is property tax on a $400,000 home in Montgomery County?
Roughly $3,480 a year at the county effective rate of 0.87%.
Is Montgomery County expensive compared with the rest of Maryland?
It ranks #18 of 24 Maryland counties by effective property tax rate, and #1304 of 2,826 nationally. That is 0.13 points below the Maryland average of 1.00%.
What does housing cost in Montgomery County?
The median home is worth $615,200 and median gross rent is $2,030 a month. Median household income is $128,733, which puts the home at 4.78 times annual income and rent at 18.92% of it.