Make check payable to: Montgomery County, Maryland. Notice: Click Here for Information about Tax Payments and Property Transfer Processing If you put your Montgomery County MD home up for sale, you are required to disclose your current property taxes and the estimated taxes a new owner would pay (which will in most cases be higher). The function is used to translate County web pages into different languages. The median property tax (also known as real estate tax) in Montgomery County is $3,690.00 per year, based on a median home value of $482,900.00 and a median effective property tax rate of 0.76% of property value.. Montgomery County collects very high property taxes, and is among the top 25% of counties in the United States ranked by property tax collections. The Google Translate Tool is displayed dynamically on Montgomery County web pages using a Google javascript function. Montgomery County Assessor's Office Services . The average effective property tax rate in Prince Georgeâs County is 1.29%, as compared with 0.94% in Montgomery County. To find detailed property tax statistics for any county in Maryland, click the county's name in the data table above. Overview of Montgomery County, MD Taxes. Maryland is on a three (3) year assessment cycle. Due to the coronavirus covid-19, the Countyâs Tax Sale, originally scheduled for June 8, 2020, has been postponed to a later date to be determined. You can find information for invidual properties below. Utility Real: Personal Utility: 2020-2021 COUNTY & MUNICIPALITY TAX RATES Town/Special Taxing County District Tax Rate Tax Rate Carroll County 1.018 2.515: 2.515 Counties in Maryland collect an average of 0.87% of a property's assesed fair market value as property tax per year.. Maryland has one of the highest average property tax rates in the country, with only ten states levying higher property taxes. Box 824860 Philadelphia, PA 19182 (Express mail should be sent to the Montgomery County Division of Treasury address). However, the Google function displays a drop-down menu form field (with no label) and a Google logo image which has no alt tag. Include coupon and mail to: Real Property: Montgomery County, MD P.O. Montgomery County This tax credit is equal to 20 percent of the eligible County tax on the lesser of either the assessed value of the property or $500,000 reduced by the Homestead Tax Credit assessment. At that rate, a homeowner whose home is worth $250,000 would pay $3,225 annually in Prince Georgeâs County. Sources: This data is based on a 5-year study of median property tax rates on owner-occupied homes in Maryland conducted from 2006 through 2010. Residents of Montgomery County pay a flat county income tax of 3.20% on earned income, in addition to the Maryland income tax and the Federal income tax.. Nonresidents who work in Montgomery County pay a local income tax of 1.25%, which is 1.95% lower than the local income tax paid by ⦠The Montgomery County Tax Assessor is the local official who is responsible for assessing the taxable value of all properties within Montgomery County, and may establish the amount of tax due on that property based on the fair market value appraisal. Box 824845 Philadelphia, PA 19182-4845 Personal Property: Montgomery County, MD P.O. It has an average effective property tax rate of 0.94%, and a median annual property tax payment of $4,498. Somerset County has the lowest average property tax payment in the state. This credit may be granted for up to five years as long as the property owners remains qualified. Montgomery County currently has the lowest property tax rate in the state at 0.77 percent, but has the highest median home sale price at $420,000. Montgomery County, Maryland is one of the wealthiest counties in the country. 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