Property Taxes in Cheltenham, Maryland
Median Cheltenham, Maryland effective property tax rate: 1.33%, significantly higher than the national median of 1.02%, and higher than the Maryland state median of 1.21%.
Median Cheltenham, Maryland home value: $444,150
Median annual Cheltenham, Maryland tax bill: $5,876, higher than the national median property tax bill of $2,400.
How are property taxes in Prince George's calculated?
Property taxes in Cheltenham, Maryland 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 Cheltenham's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cheltenham, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Cheltenham Property Tax Calculator Work?
Use this Cheltenham property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cheltenham's median effective tax rate of 1.33% — based on actual property records in Prince George's County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Cheltenham's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Cheltenham's median effective tax rate is higher than Maryland's 1.21% median rate, and the median property tax bill is $5,876, which is $3,476 higher than the state median bill. Your bill may vary by ZIP code within Cheltenham, but the available ZIP code trend in 20623 shows a median property tax bill of $5,876.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Cheltenham.
About Cheltenham Property Taxes
About Property Taxes in Cheltenham, Prince George's, Maryland
Cheltenham's median effective property tax rate of 1.33% is higher than the Maryland state median of 1.21% and higher than the national median of 1.02%. This rate reflects the Prince George's County base levy combined with local school district levies and special taxing districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Cheltenham. Homeowners in the 20623 ZIP code carry a median effective rate of 1.33%, while those in 20623 pay 1.33%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Prince George's County. Understanding which part of Cheltenham you live in can make a meaningful difference to your annual tax bill.
Cheltenham homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the February 13, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Cheltenham, Prince George's County, Maryland
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Cheltenham's effective property tax rate to other cities in Maryland and the median property tax rates in Maryland and the U.S.
Property Tax Rates Across Cheltenham, Prince George's County, Maryland
Source: Ownwell
1.28%
1.62%
1.97%
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 Cheltenham Tax Rate
1.33%
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 Prince George's County Tax Rate
1.44%
Median Effective Maryland Tax Rate
1.21%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Cheltenham, Prince George's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20623 | 1.18% | 1.23% | 1.33% | 1.45% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Cheltenham, Prince George's County, Maryland
When examining property taxes in Cheltenham, 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 Prince George's County assessment office 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.
Assessment notices:
In Prince George's County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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. For example, the median home price in Cheltenham is $444,150, with a median tax bill of $5,876. The highest median home price is in zip code 20623.
Property Tax Assessment Values Across Cheltenham, Prince George's County, Maryland
Source: Ownwell
$225,100
$461,800
$698,500
Median Cheltenham Market Value
$444,150
Median Prince George's County Market Value
$355,500
Median Maryland Market Value
$338,400
Median United States Market Value
$274,101
Property Tax Assessment Values Across Cheltenham, Prince George's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20623 | $311,750 | $362,550 | $444,150 | $511,725 | $608,800 |
Source: Ownwell
Property Tax Bills Across Cheltenham, Prince George's County, Maryland
Property tax bills in Cheltenham are based on the assessed value of a home, not the market value alone. Local tax rates are applied to that assessment, so a higher assessed value usually means a larger bill. In Cheltenham, the median home price is $444,150, and the median property tax bill is $5,876, which is well above the national median property tax bill of $2,400.
Several factors can affect the final amount homeowners pay, including the home’s assessed value, the local tax rate, and any exemptions or adjustments that may apply. Bills can vary widely across the area, with the 25th percentile at $4,816 and the 75th percentile at $6,810. For higher-value properties, the 90th percentile reaches $7,854.
Because property taxes are tied to assessed value, even small changes in an assessment can have a noticeable impact on a homeowner’s annual bill.
Property Tax Bills Across Cheltenham, Prince George's County, Maryland
Source: Ownwell
$3,473
$6,429
$9,385
Median Cheltenham Tax Bill
$5,876
Median Prince George's County Tax Bill
$4,985
Median Maryland Tax Bill
$4,092
Median United States Tax Bill
$3,209
Property Tax Bills Across Cheltenham, Prince George's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20623 | $4,069 | $4,816 | $5,876 | $6,810 | $7,854 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 13 |
Links | |
|---|---|
| Prince George's Tax Assessor | |
| Website | sdat.dat.maryland.gov |