Property Taxes in Valley Lee, Maryland
Median Valley Lee, Maryland effective property tax rate: 1.02%, lower than the national median of 1.02%, and lower than the Maryland state median of 1.21%.
Median Valley Lee, Maryland home value: $380,600
Median annual Valley Lee, Maryland tax bill: $3,715, $1,315 higher than the national median property tax bill of $2,400.
How are property taxes in St. Mary's calculated?
Property taxes in Valley Lee, 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 Valley Lee's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Valley Lee, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Valley Lee Property Tax Calculator Work?
Use this Valley Lee property tax calculator to estimate your annual property tax bill. Enter your property’s assessed value and our calculator applies Valley Lee’s median effective tax rate of 1.02% — based on actual property records in St. Mary's County — to generate your estimate.
Enter your property’s estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home’s market value. Our calculator applies Valley Lee’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 Valley Lee: rates range from 1.02% in 20692 to 1.02% in 20692, 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 Valley Lee.
About Valley Lee Property Taxes
About Property Taxes in Valley Lee, St. Mary's, Maryland
Valley Lee’s median effective property tax rate of 1.02% is lower than the Maryland state median of 1.21% and lower than the national median of 1.02%. This rate reflects the St. Mary'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 Valley Lee. Homeowners in ZIP code 20692 carry a median effective rate of 1.02%, and the same ZIP also reflects the city’s median tax bill of $3,715 and median home price of $380,600. Understanding where you live can still matter when comparing your assessed value and annual tax bill across St. Mary's County.
Valley Lee 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 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 Valley Lee, St. Mary'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 Valley Lee's effective property tax rate to other cities in Maryland and the median property tax rates in Maryland and the U.S.
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 Valley Lee Tax Rate
1.02%
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
1.27%
Property Tax Rates Across Valley Lee, St. Mary's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20692 | 0.89% | 0.98% | 1.02% | 1.06% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Valley Lee, St. Mary's County, Maryland
When examining property taxes in Valley Lee, 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 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 are sent in December each year and typically reach your mailbox by the middle of December. 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 Valley Lee is $380,600, with a median tax bill of $3,715. In 20692, the highest median home price is $380,600.
Property Tax Assessment Values Across Valley Lee, St. Mary's County, Maryland
Source: Ownwell
$243,700
$385,275
$526,850
Median Valley Lee Market Value
$380,600
Median St. Mary's County Market Value
$332,600
Median Maryland Market Value
$338,400
Median United States Market Value
$274,101
Property Tax Assessment Values Across Valley Lee, St. Mary's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20692 | $205,980 | $286,000 | $380,600 | $501,700 | $723,300 |
Source: Ownwell
Property Tax Bills Across Valley Lee, St. Mary's County, Maryland
Property tax bills in Valley Lee are calculated by applying the local property tax rate to the assessed value of a home. That assessed value is based on the market value of the property, so homes with higher market values generally face higher tax bills. For homeowners in St. Mary's, the amount owed can also be influenced by local taxing jurisdictions and any exemptions that may reduce the taxable value.
The median home price in Valley Lee is $380,600, and the median property tax bill is $3,715, which is above the national median property tax bill of $2,400. Tax bills in the area vary widely, with the 25th percentile at $2,751 and the 75th percentile at $5,015. At the 90th percentile, bills reach $6,768, showing how much property taxes can differ from one homeowner to another.
For homeowners, these taxes can have a meaningful impact on annual housing costs and affordability, especially when assessed values rise.
Median Valley Lee Tax Bill
$3,715
Median St. Mary's County Tax Bill
$3,276
Median Maryland Tax Bill
$4,092
Median United States Tax Bill
$3,209
Property Tax Bills Across Valley Lee, St. Mary's County, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20692 | $1,973 | $2,751 | $3,715 | $5,015 | $6,768 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 13 |
Links | |
|---|---|
| St. Mary's Tax Assessor | |
| Website | sdat.dat.maryland.gov |