The rate in context
On a $400,000 home, 0.92% means roughly $3,680 per year in property tax, escrowed monthly, so it lands directly in your payment and your debt-to-income ratio.
Exemptions and notes
The homestead credit caps annual growth in taxable assessments at 10% statewide, and counties may set a lower cap.
Sources: Tax Foundation 2026 (2024 ACS); MD Dept. of Assessments and Taxation. County-level rates vary; your county page has local detail.
Counties in Maryland
FAQ
What is the average property tax rate in Maryland?
The average effective property tax rate in Maryland is about 0.92%, per Tax Foundation 2026 (2024 ACS); MD Dept. of Assessments and Taxation. Individual counties vary above and below that average.
How do Maryland property taxes affect my mortgage?
Taxes are escrowed into your monthly payment, so a higher rate directly reduces how much house you qualify for. The homestead credit caps annual growth in taxable assessments at 10% statewide, and counties may set a lower cap.