The median sales price of a Montgomery County home in the first quarter of 2022 was $480,000, based on data from the 2,995 properties sold during that time. In 2020 the median tax bill for the county was $5,005, which is 1% of the median value of the homes that were taxed.
This is 0.9 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.
The analysis of Montgomery County real estate data showed homeowners in Dickerson and Takoma Park paid the highest rates.
The following table compares Dickerson with some other cities belonging to Montgomery County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2022.
| City | Q1 2022 Sales | Q1 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Dickerson | 4 | $260,000 | $4,860 | 1.9% |
| Takoma Park | 39 | $559,900 | $9,107 | 1.6% |
| Rockville | 173 | $475,000 | $7,036 | 1.5% |
| Washington Grove | 2 | $385,000 | $5,878 | 1.5% |
| North Bethesda | 164 | $439,950 | $5,299 | 1.2% |
| Cloverly | 23 | $430,000 | $5,348 | 1.2% |
| Silver Spring | 155 | $485,000 | $5,690 | 1.2% |
| Garrett Park | 9 | $675,000 | $7,801 | 1.2% |
| Olney | 103 | $515,000 | $6,009 | 1.2% |
| Brinklow | 1 | $680,000 | $7,755 | 1.1% |
| Boyds | 4 | $520,750 | $5,618 | 1.1% |
| Calverton | 26 | $416,500 | $4,421 | 1.1% |
| Fairland | 43 | $350,000 | $3,681 | 1.1% |
| Burtonsville | 21 | $400,000 | $4,576 | 1.1% |
| Laytonsville | 6 | $706,000 | $7,564 | 1.1% |
| Germantown | 293 | $350,000 | $3,837 | 1.1% |
| Gaithersburg | 212 | $455,000 | $5,178 | 1.1% |
| Brookeville | 7 | $875,000 | $8,316 | 1% |
| South Kensington | 31 | $900,000 | $8,874 | 1% |
| Poolesville | 20 | $520,000 | $5,067 | 1% |
| Rossmoor | 56 | $233,500 | $2,330 | 1% |
| Colesville | 47 | $592,000 | $5,723 | 1% |
| Forest Glen | 36 | $507,500 | $5,319 | 1% |
| Kemp Mill | 32 | $528,000 | $5,172 | 1% |
| Hillandale | 4 | $554,950 | $5,594 | 1% |
| Clarksburg | 43 | $570,000 | $5,779 | 1% |
| Damascus | 64 | $473,000 | $4,790 | 1% |
| White Oak | 35 | $505,000 | $5,085 | 1% |
| North Kensington | 41 | $532,000 | $5,430 | 1% |
| North Potomac | 28 | $862,500 | $8,382 | 1% |
| Bethesda | 221 | $1,045,000 | $10,273 | 1% |
| Montgomery Village | 263 | $360,000 | $3,495 | 1% |
| Aspen Hill | 151 | $487,500 | $4,978 | 1% |
| Wheaton-Glenmont | 138 | $460,750 | $4,514 | 1% |
| Derwood | 52 | $606,500 | $5,614 | 0.9% |
| Ashton-Sandy Spring | 12 | $741,500 | $7,018 | 0.9% |
| Potomac | 138 | $1,050,550 | $9,927 | 0.9% |
| Darnestown | 16 | $949,500 | $8,840 | 0.9% |
| Chevy Chase | 47 | $1,309,000 | $12,385 | 0.9% |
| Travilah | 30 | $1,490,000 | $13,681 | 0.9% |
| Friendship Village | 20 | $417,500 | $3,136 | 0.8% |
| Cabin John | 2 | $1,212,500 | $10,010 | 0.8% |
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