Damascus, Montgomery County, Maryland Property Taxes

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

Median Damascus, 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 Damascus, MD home value: $407,800
Median annual Damascus, MD tax bill: $4,541, $2,141 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

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

Last Updated March 1, 2025

Damascus, Montgomery County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.06%

Estimate Property Tax Bill

$4,323

$4,011

Ownwell’s Damascus Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Damascus with just two data points.

By entering your property's estimated assessed value, our calculator applies Damascus’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.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Damascus, Montgomery County, Maryland

Local government entities set property tax rates, which can vary significantly within a state due to differences in budgetary needs and property values. Each county, including Montgomery, estimates its required budget for public services annually and divides this by the total value of all taxable property in its jurisdiction. This calculation determines the property tax rate. Although votes and laws influence the final rates and budgets, this is the essence of the process.

In Damascus, located in Montgomery County, the effective property tax rate is 1.06%. This rate aligns with both the highest and lowest median tax rates in the area, reflecting a consistent approach across the county. Compared to the national median property tax rate of 1.02%, Damascus's rate is slightly higher. However, the national median property tax bill is $2400, and local variations can lead to different financial impacts on homeowners. Understanding these differences is crucial for property owners considering tax appeals or exemptions.

Property Tax Rates Across Damascus, 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 Damascus Tax Rate

1.06%

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 Damascus, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
20872	0.86%	1.01%	1.06%	1.24%	1.40%

Source: Ownwell

Property Tax Assessment Values Across Damascus, Montgomery County, Maryland

When examining property taxes in Damascus, 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 assessment 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 Damascus.

For example, the median home price in Damascus is $407,800, with tax bills ranging significantly across the county. Zip code 20872 has the highest median home price at $407,800.

Property Tax Assessment Values Across Damascus, Montgomery County, Maryland

Source: Ownwell

$110,000

$614,100

$1,118,200

Median Damascus Market Value

$407,800

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 Damascus, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
20872	$240,700	$320,850	$407,800	$500,150	$644,320

Source: Ownwell

Property Tax Bills Across Damascus, Montgomery County, Maryland

In Damascus, Montgomery County, MD, property tax bills are determined by the assessed value of a home and the local tax rate. With a median home price of $407,800, the property tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Damascus typically see tax bills ranging from $3,468 at the 25th percentile to $7,079 at the 90th percentile, with a median tax bill of $4,541. This is significantly higher than the national median property tax bill of $2,400, reflecting the area's higher property values and tax rates. Such high property taxes can be a substantial financial burden for homeowners. However, Ownwell offers services to help reduce these costs. By analyzing property assessments and identifying potential discrepancies, Ownwell assists homeowners in appealing their tax assessments, potentially lowering their tax bills. This can provide significant savings and ease the financial strain of high property taxes.

Property Tax Bills Across Damascus, Montgomery County, Maryland

Source: Ownwell

$1,180

$6,981

$12,781

Median Damascus Tax Bill

$4,541

Median Montgomery County Tax Bill

$5,416

Median Maryland Tax Bill

$3,419

Median United States Tax Bill

$2,400

Property Tax Bills Across Damascus, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
20872	$2,273	$3,468	$4,541	$5,751	$7,079

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Montgomery Tax Assessor
Website	sdat.dat.maryland.gov