Understanding Maryland Property Tax Assessments

What is a Property Tax Assessment?

In Maryland, property tax assessments are conducted by local governments to determine the value of real estate properties. This assessment is used to calculate the annual property taxes owed by the property owner.

It's essential for homeowners and businesses alike to understand how this process works, as it can significantly impact their financial situation.

How is a Property Tax Assessment Calculated?

The calculation process typically involves evaluating the property's characteristics, such as its size, location, and condition. This information is used to determine the property's market value.

Assessors may also consider recent sales of similar properties in the area to ensure accuracy.

What Happens if You Disagree with Your Property Tax Assessment?

If you disagree with your property tax assessment, it's crucial to take action promptly. You can appeal the decision by filing an objection with the local government.

It's recommended that you consult with a professional appraiser or attorney to ensure your case is presented effectively.