Jessup, Howard County, Maryland Property Taxes
Median Jessup, MD effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Jessup, MD home value: $376,600
Median annual Jessup, MD tax bill: $3,536, $1,136 higher than the national median property tax bill of $2,400.
How are property taxes in Howard calculated?
Property taxes in Jessup, MD 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 Jessup’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Jessup, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Jessup, Howard County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$3,502
$3,250
Property Tax Rates Across Jessup, Howard County, Maryland
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 Jessup Tax Rate
0.93%
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 Howard County Tax Rate
1.04%
Median Effective Maryland Tax Rate
1.06%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Jessup, Howard County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20794 | 0.88% | 0.90% | 0.93% | 0.98% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Jessup, Howard County, Maryland
When examining property taxes in Jessup, MD, 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 Howard County assessment office 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.
In Howard County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Jessup.
For example, the median home price in Jessup is $376,600, with tax bills ranging significantly across the county. Zip code 20794 has the highest median home price at $376,600.
Property Tax Assessment Values Across Jessup, Howard County, Maryland
Source: Ownwell
$333,000
$623,400
$913,800
Median Jessup Market Value
$376,600
Median Howard County Market Value
$465,650
Median Maryland Market Value
$317,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Jessup, Howard County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20794 | $282,780 | $311,750 | $376,600 | $468,100 | $562,880 |
Source: Ownwell
Property Tax Bills Across Jessup, Howard County, Maryland
In Jessup, Maryland, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in Jessup face a median property tax bill of $3,536, which is significantly higher than the national median of $2,400. This higher tax bill reflects the area's relatively high median home price of $376,600. Factors such as location, property size, and local government budgets can influence the assessed value and, consequently, the tax bill.
For homeowners feeling the pinch of these high property taxes, Ownwell offers valuable assistance. By leveraging their expertise in property tax appeals and exemptions, Ownwell can help homeowners potentially reduce their tax bills. Their services include a thorough review of property assessments to identify discrepancies and the filing of appeals to ensure homeowners are not overpaying. This proactive approach can lead to significant savings, easing the financial burden on Jessup residents.
Median Jessup Tax Bill
$3,536
Median Howard County Tax Bill
$4,834
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across Jessup, Howard County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20794 | $2,820 | $3,057 | $3,536 | $4,254 | $5,135 |
Source: Ownwell