Aquasco, Prince George's County, Maryland Property Taxes

Name: Property Tax Bills Across Aquasco, Prince George's County, Maryland
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Aquasco, MD effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Aquasco, MD home value: $317,550
Median annual Aquasco, MD tax bill: $3,127, $727 higher than the national median property tax bill of $2,400.

How are property taxes in Prince George's calculated?

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

Last Updated March 1, 2025

Aquasco, Prince George's County, Maryland Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.95%

Estimate Property Tax Bill

$3,017

$2,799

Ownwell’s Aquasco Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Aquasco with just two data points. By entering your property's estimated assessed value, our calculator applies Aquasco’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 Prince George's County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Aquasco, Prince George's County, Maryland

Local government entities have the responsibility of setting tax rates, which can vary significantly within a state. This variability is due to the annual process where each county estimates the budget required to provide essential services and divides it by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate, which is subject to votes and laws but follows this fundamental process annually. In Aquasco, located in Prince George's County, Maryland, the effective property tax rate is a reflection of this process. The median property tax rate in Maryland is slightly below the national median, offering some relief to property owners compared to other states. This comparison highlights the importance of understanding how local tax rates are determined and their impact on property owners. By being informed about these rates, property owners in Aquasco can better navigate their financial obligations and potentially seek appeals or exemptions where applicable.

Property Tax Rates Across Aquasco, Prince George's County, Maryland

Source: Ownwell

0.95%

1.38%

1.81%

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 Aquasco Tax Rate

0.95%

Median Effective Prince George's County Tax Rate

1.11%

Median Effective Maryland Tax Rate

1.06%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Aquasco, Prince George's County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
20608	0.87%	0.92%	0.95%	1.00%	1.33%

Source: Ownwell

Property Tax Assessment Values Across Aquasco, Prince George's County, Maryland

When examining property taxes in Aquasco, 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 Prince George's 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 Prince George's 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 Aquasco. For example, the median home price in Aquasco is $317,550, with tax bills ranging significantly across the county. 20608 has the highest median home price at $317,550.

Property Tax Assessment Values Across Aquasco, Prince George's County, Maryland

Source: Ownwell

$223,000

$390,725

$558,450

Median Aquasco Market Value

$317,550

Median Prince George's County Market Value

$345,300

Median Maryland Market Value

$317,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Aquasco, Prince George's County, Maryland

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
20608	$141,900	$225,775	$317,550	$494,100	$794,150

Source: Ownwell

Property Tax Bills Across Aquasco, Prince George's County, Maryland

In Aquasco, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the market value set by the county. Prince George's County has a median property tax bill of $3,127, which is above the national median of $2,400. This higher tax bill reflects the local tax rate and assessed property values, impacting homeowners significantly. Homeowners in Aquasco may find their property tax bills ranging from $2,428 at the 25th percentile to $7,514 at the 90th percentile, indicating a wide variation based on property value and location within the area. Ownwell can assist homeowners by analyzing their property assessments and identifying discrepancies or opportunities for appeals. By leveraging expert knowledge, Ownwell helps reduce tax liabilities, ensuring homeowners pay only their fair share. This proactive approach not only provides financial relief but also contributes to long-term savings, making homeownership more affordable in Aquasco.

Property Tax Bills Across Aquasco, Prince George's County, Maryland

Source: Ownwell

$2,662

$5,360

$8,058

Median Aquasco Tax Bill

$3,127

Median Prince George's County Tax Bill

$3,870

Median Maryland Tax Bill

$3,419

Median United States Tax Bill

$2,400

Property Tax Bills Across Aquasco, Prince George's County, Maryland

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
20608	$1,702	$2,428	$3,127	$4,651	$7,514

Source: Ownwell