Property Taxes in Boyds, Maryland
Median Boyds, Maryland effective property tax rate: 1.32%, significantly higher than the national median of 1.02%, and higher than the Maryland state median of 1.21%.
Median Boyds, Maryland home value: $658,800
Median annual Boyds, Maryland tax bill: $8,561, $6,161 higher than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in Boyds, 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 Boyds's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Boyds, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Boyds Property Tax Calculator Work?
Use this Boyds property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Boyds' median effective tax rate of 1.32% — based on actual property records in Montgomery County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Boyds' median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Boyds: rates range from $8,561 in 20841 to $8,561 in 20841, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Boyds.
About Boyds Property Taxes
About Property Taxes in Boyds, Montgomery, Maryland
Boyds' median effective property tax rate of 1.32% is higher than the Maryland state median of 1.21% and higher than the national median of 1.02%. This rate reflects the Montgomery 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 Boyds. Homeowners in the 20841 ZIP code carry a median effective rate of 1.32%, while those in the same ZIP also pay 1.32%. This reflects how school district boundaries and local assessment districts are drawn across Montgomery County. Understanding which part of Boyds you live in can make a meaningful difference to your annual tax bill.
Boyds homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before February 13, 2026.
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 Boyds, Montgomery 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 Boyds'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 Boyds Tax Rate
1.32%
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 Montgomery County Tax Rate
1.19%
Median Effective Maryland Tax Rate
1.21%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Boyds, Montgomery County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20841 | 1.21% | 1.23% | 1.32% | 1.34% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Boyds, Montgomery County, Maryland
When examining property taxes in Boyds, 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 Montgomery 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.
Assessment notices:
In Montgomery County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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. For Boyds, the median home price is $658,800, with a median tax bill of $8,561. The highest median home price is in 20841 at $658,800.
Property Tax Assessment Values Across Boyds, Montgomery County, Maryland
Source: Ownwell
$110,000
$614,075
$1,118,150
Median Boyds Market Value
$658,800
Median Montgomery County Market Value
$520,100
Median Maryland Market Value
$338,400
Median United States Market Value
$274,101
Property Tax Assessment Values Across Boyds, Montgomery County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20841 | $334,130 | $464,900 | $658,800 | $750,725 | $816,810 |
Source: Ownwell
Property Tax Bills Across Boyds, Montgomery County, Maryland
Property tax bills in Boyds are based on the assessed value of a home and the local tax rate set by Montgomery County. When a property’s market value rises, the assessed value can increase as well, which may lead to a higher tax bill. Homeowners are taxed on that assessed value, not on what they originally paid for the home.
For Boyds, the median home price is $658,800, and property tax bills are often well above the national median property tax bill of $2,400. The 25th percentile tax bill is $6,081, while the 75th percentile reaches $9,750. At the 90th percentile, the tax bill is $10,526.
These bills can have a major impact on homeowners because they add a significant recurring cost to owning a home. Higher assessed values and local tax rates can make property taxes a large part of monthly housing expenses, especially in a market like Boyds.
Median Boyds Tax Bill
$8,561
Median Montgomery County Tax Bill
$6,208
Median Maryland Tax Bill
$4,092
Median United States Tax Bill
$3,209
Property Tax Bills Across Boyds, Montgomery County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20841 | $4,280 | $6,081 | $8,561 | $9,750 | $10,526 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 13 |
Links | |
|---|---|
| Montgomery Tax Assessor | |
| Website | sdat.dat.maryland.gov |