The median sales price of a Montgomery County home in the fourth quarter of 2022 was $505,000, based on data from the 2,555 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 Boyds and Laytonsville paid the highest rates.
The following table compares Boyds with some other cities belonging to Montgomery County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2022.
| City | Q4 2022 Sales | Q4 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Boyds | 2 | $297,500 | $5,618 | 1.9% |
| Laytonsville | 1 | $430,000 | $7,564 | 1.8% |
| Poolesville | 20 | $363,750 | $5,067 | 1.4% |
| Forest Glen | 40 | $380,000 | $5,319 | 1.4% |
| Takoma Park | 39 | $645,000 | $9,107 | 1.4% |
| Rockville | 128 | $605,050 | $7,036 | 1.2% |
| Washington Grove | 1 | $500,500 | $5,878 | 1.2% |
| Cabin John | 4 | $862,500 | $10,010 | 1.2% |
| North Bethesda | 155 | $469,000 | $5,299 | 1.1% |
| Ashton-Sandy Spring | 17 | $625,000 | $7,018 | 1.1% |
| Olney | 96 | $567,000 | $6,009 | 1.1% |
| Gaithersburg | 165 | $484,000 | $5,178 | 1.1% |
| Derwood | 35 | $585,000 | $5,614 | 1% |
| Brookeville | 7 | $805,000 | $8,316 | 1% |
| Calverton | 18 | $438,000 | $4,421 | 1% |
| South Kensington | 22 | $857,500 | $8,874 | 1% |
| Fairland | 42 | $362,500 | $3,681 | 1% |
| Rossmoor | 53 | $225,000 | $2,330 | 1% |
| Kemp Mill | 26 | $540,000 | $5,172 | 1% |
| Hillandale | 8 | $562,500 | $5,594 | 1% |
| Clarksburg | 23 | $600,000 | $5,779 | 1% |
| Damascus | 61 | $480,000 | $4,790 | 1% |
| White Oak | 27 | $499,000 | $5,085 | 1% |
| North Kensington | 42 | $550,000 | $5,430 | 1% |
| North Potomac | 29 | $800,000 | $8,382 | 1% |
| Silver Spring | 127 | $555,000 | $5,690 | 1% |
| Montgomery Village | 208 | $353,000 | $3,495 | 1% |
| Burtonsville | 17 | $449,000 | $4,576 | 1% |
| Aspen Hill | 131 | $490,000 | $4,978 | 1% |
| Wheaton-Glenmont | 88 | $460,000 | $4,514 | 1% |
| Germantown | 265 | $382,000 | $3,837 | 1% |
| Potomac | 107 | $1,125,000 | $9,927 | 0.9% |
| Colesville | 56 | $619,950 | $5,723 | 0.9% |
| Cloverly | 26 | $577,500 | $5,348 | 0.9% |
| Bethesda | 218 | $1,086,350 | $10,273 | 0.9% |
| Chevy Chase | 42 | $1,330,000 | $12,385 | 0.9% |
| Garrett Park | 6 | $862,500 | $7,801 | 0.9% |
| Travilah | 25 | $1,522,000 | $13,681 | 0.9% |
| Brinklow | 2 | $1,007,500 | $7,755 | 0.8% |
| Darnestown | 12 | $1,125,000 | $8,840 | 0.8% |
| Friendship Village | 16 | $506,000 | $3,136 | 0.6% |
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