Brookeville, Montgomery County, Maryland Property Taxes

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

Median Brookeville, MD effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Brookeville, MD home value: $598,200
Median annual Brookeville, MD tax bill: $6,440, $4,040 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery County calculated?

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

Last Updated March 1, 2025

Brookeville, Montgomery County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.11%

Estimate Property Tax Bill

$6,640

$6,162

Ownwell’s Brookeville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Brookeville with just two data points. By entering your property's estimated assessed value, our calculator applies Brookeville’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 Brookeville, Montgomery County, Maryland

Local government entities in Maryland set property tax rates, which can vary significantly across the state. Each year, counties like Montgomery estimate the budget needed to provide essential services and divide this by the total value of all taxable properties in their jurisdiction, resulting in the property tax rate. This process, although involving votes and laws, essentially determines the annual tax rate.

In Brookeville, located in Montgomery County, the effective property tax rate is comparable to other cities within Maryland. The county's median tax rate of 1.11% aligns closely with the state’s average, yet it is slightly above the national median of 1.02%. This means that property owners in Brookeville might pay a bit more than the national average, but they benefit from the services funded by these taxes. Understanding how these rates are determined can help property owners make informed decisions about tax appeals and exemptions. Comparing Brookeville’s rates to both the state and national averages provides valuable insight into the local tax landscape.

Property Tax Rates Across Brookeville, 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 Brookeville Tax Rate

1.11%

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 Brookeville, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
20833	0.92%	0.98%	1.11%	1.16%	1.29%
20882	1.11%	1.15%	1.15%	1.23%	1.32%

Source: Ownwell

Property Tax Assessment Values Across Brookeville, Montgomery County, Maryland

When examining property taxes in Brookeville, 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 appraisal district 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 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 Brookeville.

For example, the median home price in Brookeville is $598,200, with tax bills ranging significantly across the county. Zip code 20882 has the highest median home price at $779,100.

Property Tax Assessment Values Across Brookeville, Montgomery County, Maryland

Source: Ownwell

$110,000

$614,100

$1,118,200

Median Brookeville Market Value

$598,200

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 Brookeville, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
20833	$419,680	$502,100	$595,500	$708,850	$833,740
20882	$685,800	$726,200	$779,100	$883,400	$970,060

Source: Ownwell

Property Tax Bills Across Brookeville, Montgomery County, Maryland

In Brookeville, Montgomery County, MD, property tax bills are determined based on the assessed value of a home, which is often lower than the market value. The local tax rate is applied to this assessed value to calculate the tax bill. With a median home price of $598,200, homeowners can encounter substantial tax bills. The tax bill at the 25th percentile is $5,081, while at the 75th percentile, it reaches $8,203. For those at the 90th percentile, this amount can soar to $9,972, which is significantly above the national median property tax bill of $2,400. Such high property taxes can be a financial burden for homeowners, affecting their annual budgets and long-term financial planning. This is where Ownwell comes in, offering expert property tax appeal and exemption services to help reduce these hefty bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in lowering their tax obligations, ensuring they only pay what is fair.

Property Tax Bills Across Brookeville, Montgomery County, Maryland

Source: Ownwell

$1,180

$6,981

$12,781

Median Brookeville Tax Bill

$6,440

Median Montgomery County Tax Bill

$5,416

Median Maryland Tax Bill

$3,419

Median United States Tax Bill

$2,400

Property Tax Bills Across Brookeville, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
20833	$4,149	$5,070	$6,405	$8,129	$9,840
20882	$8,039	$8,607	$9,796	$10,271	$11,962

Source: Ownwell