Sandy Spring, Montgomery County, Maryland Property Taxes

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

Median Sandy Spring, MD effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Sandy Spring, MD home value: $627,500
Median annual Sandy Spring, MD tax bill: $7,514, $5,114 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

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

Last Updated March 1, 2025

Sandy Spring, Montgomery County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.14%

Estimate Property Tax Bill

$7,153

$6,638

Ownwell’s Sandy Spring Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sandy Spring with just two data points. By entering your property's estimated assessed value, our calculator applies Sandy Spring’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Montgomery 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 Sandy Spring, Montgomery County, Maryland

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Sandy Spring, located in Montgomery County, the effective property tax rate reflects this process. Comparing this rate to other cities within Maryland and the broader U.S. landscape highlights significant differences. Maryland's median property tax rate stands above the national median, which can impact homeowners differently depending on their location within the state. This variance underscores the importance of understanding local tax rates, as they directly affect property owners' annual tax bills. Property owners in Sandy Spring and beyond can benefit from being informed about these rates, potentially leading to more strategic financial planning and savings. Understanding and navigating property tax rates can provide homeowners with opportunities to optimize their expenses and make informed decisions about their investments.

Property Tax Rates Across Sandy Spring, 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 Sandy Spring Tax Rate

1.14%

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 Sandy Spring, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
20860	0.91%	1.10%	1.14%	1.22%	1.36%
20905	1.11%	1.13%	1.14%	1.14%	1.28%

Source: Ownwell

Property Tax Assessment Values Across Sandy Spring, Montgomery County, Maryland

When examining property taxes in Sandy Spring, 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 Sandy Spring.

For example, the median home price in Sandy Spring is $627,500, with tax bills ranging significantly across the county. Zip code 20905 has the highest median home price at $851,900.

Property Tax Assessment Values Across Sandy Spring, Montgomery County, Maryland

Source: Ownwell

$110,000

$614,100

$1,118,200

Median Sandy Spring Market Value

$627,500

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 Sandy Spring, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
20860	$248,700	$365,000	$580,350	$859,950	$1,031,770
20905	$709,440	$783,800	$851,900	$926,300	$1,006,220

Source: Ownwell

Property Tax Bills Across Sandy Spring, Montgomery County, Maryland

In Sandy Spring, Maryland, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this area is $627,500, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property location, size, and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Sandy Spring can face a wide range of tax bills, with the 25th percentile at $4,775 and the 75th percentile reaching $10,287, reflecting the diversity in property values and assessments. With the national median property tax rate at 1.02% and a median tax bill of $2,400, homeowners in Sandy Spring often find themselves paying significantly more. Ownwell can assist homeowners in reducing their property tax bills by identifying potential savings through appeals and exemptions. By leveraging expertise and local knowledge, Ownwell ensures homeowners pay only their fair share, potentially saving them thousands annually.

Property Tax Bills Across Sandy Spring, Montgomery County, Maryland

Source: Ownwell

$1,180

$6,981

$12,781

Median Sandy Spring Tax Bill

$7,514

Median Montgomery County Tax Bill

$5,416

Median Maryland Tax Bill

$3,419

Median United States Tax Bill

$2,400

Property Tax Bills Across Sandy Spring, Montgomery County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
20860	$2,807	$4,397	$6,937	$10,117	$12,061
20905	$7,660	$8,846	$9,708	$10,691	$11,725

Source: Ownwell