Clarksburg, Montgomery County, Maryland Property Taxes
Median Clarksburg, MD effective property tax rate: 1.06%, slightly higher than the national median of 1.02%, but equal to the Maryland state median of 1.06%.
Median Clarksburg, MD home value: $495,500
Median annual Clarksburg, MD tax bill: $5,597, $3,197 higher than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in Clarksburg, MD are calculated based on the assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Clarksburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Clarksburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Clarksburg, Montgomery County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.06%
Estimate Property Tax Bill
$5,252
$4,874
Property Tax Rates Across Clarksburg, Montgomery County, Maryland
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget annually to provide essential services, dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Clarksburg, located in Montgomery County, MD, the effective property tax rate offers an insightful comparison to other cities within the state. Interestingly, the median property tax rate in Maryland is slightly above the national median, reflecting the diverse economic landscape and service requirements across the state. By comparing Clarksburg’s effective property tax rate to Maryland’s median and the national rate, property owners can better understand their tax obligations relative to broader trends. This perspective is crucial for property owners aiming to make informed decisions regarding property investments and financial planning.
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 Clarksburg Tax Rate
1.06%
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
1.11%
Median Effective Maryland Tax Rate
1.06%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Clarksburg, Montgomery County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20871 | 0.89% | 1.03% | 1.06% | 1.17% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Clarksburg, Montgomery County, Maryland
When examining property taxes in Clarksburg, 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 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 Clarksburg. For example, the median home price in Clarksburg is $495,500, with tax bills ranging significantly across the county. Zip code 20871 has the highest median home price at $495,500.
Property Tax Assessment Values Across Clarksburg, Montgomery County, Maryland
Source: Ownwell
$110,000
$614,100
$1,118,200
Median Clarksburg Market Value
$495,500
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 Clarksburg, Montgomery County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20871 | $154,000 | $390,200 | $495,500 | $649,000 | $768,920 |
Source: Ownwell
Property Tax Bills Across Clarksburg, Montgomery County, Maryland
In Clarksburg, Montgomery County, MD, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $495,500, homeowners in this area can expect property tax bills that vary significantly. The 25th percentile tax bill is $4,137, while the 75th percentile reaches $7,222, and the 90th percentile hits $8,671. These figures highlight the substantial impact property taxes can have on household budgets, especially when compared to the national median property tax bill of $2,400.
Several factors influence the property tax bill, including the home's assessed value and the local tax rate. Homeowners in Clarksburg face a median property tax bill of $5,597, which is notably higher than the national median property tax rate of 1.02%. Ownwell assists homeowners by offering property tax appeal services, potentially lowering their tax bills. By leveraging expert knowledge and data-driven insights, Ownwell can help homeowners identify opportunities for savings, ensuring they only pay their fair share in property taxes.
Median Clarksburg Tax Bill
$5,597
Median Montgomery County Tax Bill
$5,416
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across Clarksburg, Montgomery County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20871 | $1,730 | $4,137 | $5,597 | $7,222 | $8,671 |
Source: Ownwell