Bethesda, Montgomery County, Maryland Property Taxes

Name: Property Tax Bills Across Bethesda, Montgomery County, Maryland
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Bethesda, MD effective property tax rate: 1.09%, significantly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Bethesda, MD home value: $923,250
Median annual Bethesda, MD tax bill: $10,057, $7,657 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

Property taxes in Bethesda, 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 Bethesda’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bethesda, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Bethesda, Montgomery County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$10,063

$9,339

Ownwell’s Bethesda Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bethesda with just two data points. By entering your property's estimated assessed value, our calculator applies Bethesda’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Montgomery County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bethesda, Montgomery County, Maryland

Local government entities set tax rates, which can vary widely within a state. This variation occurs 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. In Bethesda, located in Montgomery County, the effective property tax rate is slightly above the national median, reflecting the area's unique budgetary needs and property values. The median property tax rate in Maryland is higher than the national median, indicating a trend of elevated property tax rates within the state. Within Montgomery County, the highest median tax rate is found in the 20817 zip code, while the lowest is in the 20816 zip code. This illustrates the variability of tax rates even within a single county. By understanding these variations, property owners can better navigate the complexities of property tax assessments and potentially identify opportunities for appealing their property tax assessments.

Property Tax Rates Across Bethesda, Montgomery County, Maryland

Source: Ownwell

1.00%

1.31%

1.61%

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 Bethesda Tax Rate

1.09%

Median Effective Montgomery County Tax Rate

1.11%

Median Effective Maryland Tax Rate

1.06%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bethesda, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
20814	0.77%	1.00%	1.11%	1.16%	1.24%
20816	0.85%	0.94%	1.01%	1.07%	1.13%
20817	0.90%	1.03%	1.11%	1.15%	1.23%

Source: Ownwell

Property Tax Assessment Values Across Bethesda, Montgomery County, Maryland

When examining property taxes in Bethesda, 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 Montgomery County Department of Finance 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 Montgomery 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 Bethesda. For example, the median home price in Bethesda is $923,250, with tax bills ranging significantly across the county. Zip code 20816 has the highest median home price at $1,113,450.

Property Tax Assessment Values Across Bethesda, Montgomery County, Maryland

Source: Ownwell

$110,000

$614,100

$1,118,200

Median Bethesda Market Value

$923,250

Median Montgomery County Market Value

$471,000

Median Maryland Market Value

$317,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bethesda, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
20814	$215,000	$310,000	$764,950	$1,104,775	$1,552,590
20816	$460,000	$881,350	$1,113,450	$1,415,575	$1,789,420
20817	$405,000	$780,700	$946,700	$1,343,125	$1,752,780

Source: Ownwell

Property Tax Bills Across Bethesda, Montgomery County, Maryland

In Bethesda, Montgomery County, MD, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. Bethesda is known for its relatively high property tax bills, with a median home price of $923,250. Homeowners in Bethesda face tax bills that range significantly, from $7,143 at the 25th percentile to $18,501 at the 90th percentile. The highest median tax bill in the area is $11,152 in the 20816 zip code, while the lowest is $8,466 in the 20814 zip code. These figures are notably higher than the national median property tax bill of $2,400. High property taxes can be a financial burden for homeowners, but Ownwell can help alleviate this by providing expert property tax appeal and exemption services. By reviewing your property's assessed value and identifying potential errors or opportunities for exemptions, Ownwell can help reduce your property tax bill and save you money.

Property Tax Bills Across Bethesda, Montgomery County, Maryland

Source: Ownwell

$1,180

$6,981

$12,781

Median Bethesda Tax Bill

$10,057

Median Montgomery County Tax Bill

$5,416

Median Maryland Tax Bill

$3,419

Median United States Tax Bill

$2,400

Property Tax Bills Across Bethesda, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
20814	$1,849	$3,252	$8,466	$11,944	$17,247
20816	$4,416	$8,928	$11,152	$14,014	$17,800
20817	$4,496	$8,638	$10,459	$14,506	$19,409

Source: Ownwell