Residential Tax Information Dev Admin
Residential Tax Information
What is the Town’s property tax rate?
The Property Tax rate is $0.74 per $100 of assessed value. Assessed value is equal to 100 percent of market value on residential property. The property tax rate remains unchanged since tax year 2007/2008.
Why did my property tax increase for tax year 2010/2011?
Since property tax assessments vary from residence to residence, the Town cannot exclusively explain the increase in property tax for each residence. However, based upon recent property assessment trends (statewide) the Town has observed slight increases in property assessments.
How does a value get assigned to my property?
The MD State Department of Assessments and Taxation sets the value on your property based on the market value of similar properties in your area. Please call your local tax assessment office at (301) 952-2500 for specifics.
Who do I contact?
If I have a concern about the present assessment of my property, if the owner occupied status is incorrect on my tax bill or, if I need additional information regarding my assessment?
Please call our local tax assessment office at (301) 952-2500.
Who do I contact if I wish to appeal my property tax assessment?
Please call your local tax assessment office at (301) 952-2500.
Who sets the Town’s tax rate?
The rate is set by the Town’s Mayor & Council prior to the start of each tax year.
How do I qualify for home tax credits?
The Maryland Department of Assessments and Taxation makes tax credits available to qualified individuals. Contact that office for information about the Homeowner’s Tax Credit, Homestead Tax Credit, 100% Disabled Veteran Exemption or Blind Exemption. The telephone number is 301-952-2500 or at www.dat.state.md.us.
When are my residential property taxes due?
Residential property tax bills are due when rendered. Typically, most home loans require that home owners setup an escrow account with their mortgage lender. When your mortgage lender receives your monthly mortgage payment, a portion of it is put into an escrow account. Depending upon your escrow disbursement schedule, your mortgage lender makes residential property tax payments, on your behalf, to the Prince George’s County Treasury Division.