Property Taxes in Faulkner, Maryland
Median Faulkner, Maryland effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, and higher than the Maryland state median of 1.21%.
Median Faulkner, Maryland home value: $389,550
Median annual Faulkner, Maryland tax bill: $4,749, higher than the national median property tax bill of $2,400.
How are property taxes in Charles calculated?
Property taxes in Faulkner, Maryland are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Faulkner's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Faulkner, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Faulkner Property Tax Calculator Work?
Use this Faulkner property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Faulkner's median effective tax rate of 1.24% — based on actual property records in Charles County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Faulkner's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Faulkner's median property tax rate is higher than Maryland's 1.21% state median, and the median property tax bill is $4,749, which is $2,349 higher than the state median bill. Your bill may vary by ZIP code within Faulkner, though the available ZIP code, 20632, shows the same median bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Faulkner.
About Faulkner Property Taxes
About Property Taxes in Faulkner, Charles, Maryland
Faulkner’s median effective property tax rate of 1.24% is higher than the Maryland state median of 1.21% and higher than the national median of 1.02%. This rate reflects the Charles County base levy combined with local school district levies and special taxing districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Faulkner. Homeowners in ZIP code 20632 carry a median effective rate of 1.24%, while those in 20632 pay 1.24%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Charles County. Understanding which part of Faulkner you live in can make a meaningful difference to your annual tax bill.
Faulkner homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the February 13, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Faulkner, Charles County, Maryland
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Faulkner's effective property tax rate to other cities in Maryland and the median property tax rates in Maryland and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Faulkner Tax Rate
1.24%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Charles County Tax Rate
1.34%
Median Effective Maryland Tax Rate
1.21%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Faulkner, Charles County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20632 | 1.11% | 1.16% | 1.24% | 1.32% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Faulkner, Charles County, Maryland
When examining property taxes in Faulkner, Maryland, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Charles County estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Charles County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Faulkner.
For example, the median home price in Faulkner is $389,550, with tax bills ranging significantly across the county. 20632 has the highest median home price at $389,550.
Property Tax Assessment Values Across Faulkner, Charles County, Maryland
Source: Ownwell
$43,350
$262,775
$482,200
Median Faulkner Market Value
$389,550
Median Charles County Market Value
$354,900
Median Maryland Market Value
$338,400
Median United States Market Value
$274,101
Property Tax Assessment Values Across Faulkner, Charles County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20632 | $112,280 | $263,600 | $389,550 | $515,050 | $651,950 |
Source: Ownwell
Property Tax Bills Across Faulkner, Charles County, Maryland
Property tax bills in Faulkner are based on the assessed value of a home and the local tax rate set by Charles County and other taxing authorities. The assessed value is the amount local officials determine your property is worth for tax purposes, and that figure is multiplied by the applicable tax rate to calculate the bill. Homes with higher assessed values generally receive higher tax bills, while properties with lower assessed values pay less.
In Faulkner, the median property tax bill is $4,749, which is above the national median property tax bill of $2,400. That means homeowners here often face a larger annual tax burden than the typical U.S. homeowner. Tax bills can also vary widely, with the 25th percentile at $3,379 and the 75th percentile at $6,897, showing how much location and home value can affect what owners pay.
Median Faulkner Tax Bill
$4,749
Median Charles County Tax Bill
$4,693
Median Maryland Tax Bill
$4,092
Median United States Tax Bill
$3,209
Property Tax Bills Across Faulkner, Charles County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20632 | $1,476 | $3,379 | $4,749 | $6,897 | $8,447 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 13 |
Links | |
|---|---|
| Charles Tax Assessor | |
| Website | sdat.dat.maryland.gov |