Home
/US Property Taxes
/Maryland
/Prince George's County
/Takoma Park

Takoma Park, Prince George's County, Maryland Property Taxes

$774 avg. annual savings
No Upfront Costs
You only pay if we save

Property Taxes in Takoma Park, Maryland

  • Median Takoma Park, Maryland effective property tax rate: 1.57%, significantly higher than the national median of 1.02%, and higher than the Maryland state median of 1.21%.

  • Median Takoma Park, Maryland home value: $359,900

  • Median annual Takoma Park, Maryland tax bill: $5,127, $2,727 higher than the national median property tax bill of $2,400.

How are property taxes in Prince George's calculated?

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

Last Updated April 13, 2026

Takoma Park, Prince George's County, Maryland Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.57%

Estimate Property Tax Bill

$5,650

$5,243

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Takoma Park Property Tax Calculator Work?

Use this Takoma Park property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Takoma Park's median effective tax rate of 1.57% — 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 office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Takoma Park's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Takoma Park: rates range from 1.57% in 20912 to 1.57% in 20912, primarily due to differences in school district levies and local assessment districts.

Takoma Park's median property tax bill is $5,127, which is higher than the Maryland median and higher than the national median property tax bill of $2,400. If your estimate is higher than expected, Ownwell can appeal your Takoma Park assessment — you only pay if we save you money.

About Takoma Park Property Taxes

About Property Taxes in Takoma Park, Prince George's, Maryland

Takoma Park's median effective property tax rate of 1.57% 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 tax structure, where local levies shape what homeowners pay on a $359,900 median home value.

Property tax rates are not uniform across Takoma Park. Homeowners in the 20912 ZIP code carry the same median effective rate of 1.57%, with a median tax bill of $5,127. That bill is higher than the state median tax bill and stands well above the national median property tax bill of $2,400.

Takoma Park homeowners who believe their assessed value is too high can file a formal appeal with the 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 Takoma Park, 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 Takoma Park'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 Takoma Park, 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 Takoma Park Tax Rate

1.57%

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

1.02%

Property Tax Rates Across Takoma Park, Prince George's County, Maryland

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
209121.11%1.23%1.57%1.60%1.62%

Source: Ownwell

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

When examining property taxes in Takoma Park, 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. Prince George's County 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. 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 Takoma Park.

For example, the median home price in Takoma Park is $359,900, with tax bills ranging significantly across the county. 20912 has the highest median home price at $359,900.

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

Source: Ownwell

$225,100

$461,800

$698,500

Median Takoma Park Market Value

$359,900

Median Prince George's County Market Value

$355,500

Median Maryland Market Value

$338,400

Median United States Market Value

$235,294

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

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
20912$288,240$324,450$359,900$399,150$435,520

Source: Ownwell

Property Tax Bills Across Takoma Park, Prince George's County, Maryland

Property tax bills in Takoma Park are based on the assessed value of a home and the tax rate set for Prince George’s County. When a property’s market value rises, the assessed value can increase too, which may lead to a higher bill. For a home with a median price of $359,900, the tax bill can vary widely, with the 25th percentile at $4,302, the 75th percentile at $5,868, and the 90th percentile at $6,477. The median tax bill in the area is $5,127, which is well above the national median property tax bill of $2,400 and reflects a heavier burden for many homeowners.

Higher property taxes can affect monthly budgets and long-term housing costs, especially when assessments rise faster than expected. Ownwell helps homeowners challenge inaccurate assessments and find savings opportunities so they may pay only what they owe. By reviewing your property tax bill and identifying potential reductions, Ownwell can help lower your property tax burden and protect your bottom line.

Property Tax Bills Across Takoma Park, Prince George's County, Maryland

Source: Ownwell

$3,473

$6,429

$9,385

Median Takoma Park Tax Bill

$5,127

Median Prince George's County Tax Bill

$4,985

Median Maryland Tax Bill

$4,092

Median United States Tax Bill

$2,400

Property Tax Bills Across Takoma Park, Prince George's County, Maryland

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
20912$3,911$4,302$5,127$5,868$6,477

Source: Ownwell

Don't miss the deadline to appeal!

Frequently Asked Property Tax Questions in Takoma Park, Maryland

How are property taxes calculated in Takoma Park, Maryland?
Property taxes in Takoma Park, Maryland are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Takoma Park, Maryland?
To appeal your property taxes in Takoma Park, Maryland, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Takoma Park, Maryland?
Common property tax exemptions in Takoma Park, Maryland include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Takoma Park, Maryland?
Property tax deadlines in Takoma Park, Maryland vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Takoma Park, Maryland?
Ownwell provides professional property tax appeal services in Takoma Park, Maryland. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.