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. Overview of Montgomery County, MD Taxes. Montgomery County, Maryland is one of the wealthiest counties in the country. The function is used to translate County web pages into different languages. However, the Google function displays a drop-down menu form field (with no label) and a Google logo image which has no alt tag. Box 824860 Philadelphia, PA 19182 (Express mail should be sent to the Montgomery County Division of Treasury address). Notice: Click Here for Information about Tax Payments and Property Transfer Processing You can find information for invidual properties below. Include coupon and mail to: Real Property: Montgomery County, MD P.O. 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. Somerset County has the lowest average property tax payment in the state. Make check payable to: Montgomery County, Maryland. Due to the coronavirus covid-19, the County’s Tax Sale, originally scheduled for June 8, 2020, has been postponed to a later date to be determined. It has an average effective property tax rate of 0.94%, and a median annual property tax payment of $4,498. 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 median property tax in Maryland is $2,774.00 per year for a home worth the median value of $318,600.00. Box 824845 Philadelphia, PA 19182-4845 Personal Property: Montgomery County, MD P.O. 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. 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. The average effective property tax rate in Prince George’s County is 1.29%, as compared with 0.94% in Montgomery County. 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). Maryland is on a three (3) year assessment cycle. To find detailed property tax statistics for any county in Maryland, click the county's name in the data table above. This credit may be granted for up to five years as long as the property owners remains qualified. Montgomery County Assessor's Office Services . At that rate, a homeowner whose home is worth $250,000 would pay $3,225 annually in Prince George’s County. Residents of Montgomery County make average property tax payments of $3,234. Montgomery County 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. 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