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Lexington Park, St. Mary's County, Maryland Property Taxes

  • Median Lexington Park, MD effective property tax rate: 1.10%, significantly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.

  • Median Lexington Park, MD home value: $252,000

  • Median annual Lexington Park, MD tax bill: $2,728, $328 higher than the national median property tax bill of $2,400.

How are property taxes in St. Mary's calculated?

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

Last Updated March 1, 2025

Lexington Park, St. Mary's County, Maryland Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.92%

Estimate Property Tax Bill

$2,918

$2,708

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

Property Tax Rates Across Lexington Park, St. Mary's County, Maryland

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to the annual process where each county estimates its required budget to provide essential services and divides that by the total value of all taxable properties within its jurisdiction. This calculation determines the property tax rate. While votes and laws are involved in setting these rates and budgets, this is the basic annual procedure. In Lexington Park, located in St. Mary's County, the effective property tax rate stands at 1.10%, which is slightly above the national median property tax rate of 1.02%. When comparing this to other cities in Maryland, Lexington Park's rate aligns with the highest and lowest median tax rates in the state, both recorded at 1.10%. Nationally, the average property tax bill is $2400, which highlights the importance of understanding local tax rates and how they can impact property owners.

Property Tax Rates Across Lexington Park, St. Mary's County, Maryland

Source: Ownwell

0.91%

1.02%

1.13%

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 Lexington Park Tax Rate

0.92%

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

1.00%

Median Effective Maryland Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lexington Park, St. Mary's County, Maryland

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
206530.81%0.87%0.92%0.96%1.00%

Source: Ownwell

Property Tax Assessment Values Across Lexington Park, St. Mary's County, Maryland

When examining property taxes in Lexington Park, 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 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. Assessment notices: In St. Mary's County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Lexington Park. For example, the median home price in Lexington Park is $252,000, with tax bills ranging significantly across the county. 20653 has the highest median home price at $252,000.

Property Tax Assessment Values Across Lexington Park, St. Mary's County, Maryland

Source: Ownwell

$243,700

$385,275

$526,850

Median Lexington Park Market Value

$317,200

Median St. Mary's County Market Value

$332,600

Median Maryland Market Value

$338,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lexington Park, St. Mary's County, Maryland

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
20653$153,200$228,350$317,200$399,150$480,520

Source: Ownwell

Property Tax Bills Across Lexington Park, St. Mary's County, Maryland

In Lexington Park, Maryland, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. For homeowners, this means that their property tax bill is a percentage of their home's assessed value. The median property tax bill in Lexington Park is $2,728, which is above the national median of $2,400. Factors such as location within St. Mary's County and specific property characteristics can influence the assessed value, and consequently, the tax bill. For example, the 25th percentile tax bill is $2,011, while the 75th percentile reaches $3,331, indicating a range of tax burdens among homeowners. Ownwell offers services to help homeowners in Lexington Park save on their property tax bills by providing expert guidance in filing appeals and securing exemptions. By ensuring that a property's assessed value accurately reflects its market value, Ownwell can help reduce the tax burden, potentially saving homeowners hundreds or even thousands of dollars annually.

Property Tax Bills Across Lexington Park, St. Mary's County, Maryland

Source: Ownwell

$2,626

$3,873

$5,119

Median Lexington Park Tax Bill

$2,894

Median St. Mary's County Tax Bill

$3,276

Median Maryland Tax Bill

$4,092

Median United States Tax Bill

$2,400

Property Tax Bills Across Lexington Park, St. Mary's County, Maryland

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
20653$1,327$2,114$2,894$3,570$4,346

Source: Ownwell

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