Hollywood, St. Mary's County, Maryland Property Taxes
Median Hollywood, MD effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but lower than the Maryland state median of 1.06%.
Median Hollywood, MD home value: $386,100
Median annual Hollywood, MD tax bill: $3,607, $1,207 higher than the national median property tax bill of $2,400.
How are property taxes in St. Mary's calculated?
Property taxes in Hollywood, 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 Hollywood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hollywood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hollywood, St. Mary's County, Maryland Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.96%
Estimate Property Tax Bill
$3,707
$3,440
Property Tax Rates Across Hollywood, St. Mary's County, Maryland
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 Hollywood Tax Rate
0.96%
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 St. Mary's County Tax Rate
1.05%
Median Effective Maryland Tax Rate
1.06%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hollywood, St. Mary's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20636 | 0.87% | 0.92% | 0.96% | 1.00% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Hollywood, St. Mary's County, Maryland
When examining property taxes in Hollywood, 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 St. Mary'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 St. Mary's County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Hollywood. For example, the median home price in Hollywood is $386,100, with tax bills ranging significantly across the county. 20636 has the highest median home price at $386,100.
Property Tax Assessment Values Across Hollywood, St. Mary's County, Maryland
Source: Ownwell
$241,000
$381,150
$521,300
Median Hollywood Market Value
$386,100
Median St. Mary's County Market Value
$302,600
Median Maryland Market Value
$317,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hollywood, St. Mary's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20636 | $215,200 | $279,800 | $386,100 | $522,300 | $638,640 |
Source: Ownwell
Property Tax Bills Across Hollywood, St. Mary's County, Maryland
In Hollywood, Maryland, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In St. Mary's County, the median property tax bill is $3,607, which is notably higher than the national median of $2,400. Factors such as the property's location, size, and improvements can influence the assessed value, thus impacting the overall tax bill. Homeowners in Hollywood might find themselves paying tax bills that range widely, from the 25th percentile at $2,691 to the 90th percentile at $5,975.
Ownwell offers valuable assistance to homeowners by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell can help homeowners potentially lower their tax bills, ensuring they only pay their fair share. This service is particularly beneficial in areas like Hollywood, where tax bills can significantly exceed the national average.
Median Hollywood Tax Bill
$3,607
Median St. Mary's County Tax Bill
$3,095
Median Maryland Tax Bill
$3,419
Median United States Tax Bill
$2,400
Property Tax Bills Across Hollywood, St. Mary's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20636 | $2,026 | $2,691 | $3,607 | $4,857 | $5,975 |
Source: Ownwell