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
How Does the Takoma Park Property Tax Calculator Work?
Use this Takoma Park property tax calculator to estimate your annual property 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 appraisal 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 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.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Takoma Park.
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
1.27%
Property Tax Rates Across Takoma Park, Prince George's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20912 | 1.11% | 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
$274,101
Property Tax Assessment Values Across Takoma Park, Prince George's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th 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 local tax rate set for Prince George's County. When a property’s market value rises, the assessed value can increase as well, which can lead to a higher bill. For a home with a median price of $359,900, the tax bill often reflects how that value is assessed for taxation rather than the price paid by the homeowner.
Homeowners in Takoma Park should expect their bill to be shaped by both the home’s value and the county’s tax structure. The 25th percentile tax bill is $4,302, while the 75th percentile is $5,868 and the 90th percentile is $6,477. The median tax bill in ZIP code 20912 is $5,127. Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Takoma Park homeowners generally face much higher property tax costs.
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
$3,209
Property Tax Bills Across Takoma Park, Prince George's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20912 | $3,911 | $4,302 | $5,127 | $5,868 | $6,477 |
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 |