The median sales price of a Montgomery County home in the first quarter of 2023 was $485,000, based on data from the 1,304 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 Cabin John paid the highest tax rate of 3.3%.
The following table compares Cabin John 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 2023.
| City | Q1 2023 Sales | Q1 2023 Median Price | Median tax 2023 | Effective tax rate |
|---|---|---|---|---|
| Cabin John | 1 | $320,000 | $10,653 | 3.3% |
| Rockville | 62 | $523,500 | $7,488 | 1.4% |
| Poolesville | 7 | $390,000 | $5,393 | 1.4% |
| Takoma Park | 19 | $689,000 | $9,692 | 1.4% |
| Fairland | 27 | $300,000 | $3,917 | 1.3% |
| Darnestown | 8 | $742,500 | $9,408 | 1.3% |
| North Bethesda | 77 | $460,000 | $5,640 | 1.2% |
| Calverton | 11 | $400,168 | $4,705 | 1.2% |
| White Oak | 8 | $447,500 | $5,411 | 1.2% |
| Gaithersburg | 83 | $470,000 | $5,510 | 1.2% |
| Derwood | 21 | $541,000 | $5,974 | 1.1% |
| Ashton-Sandy Spring | 9 | $666,321 | $7,469 | 1.1% |
| Potomac | 57 | $999,999 | $10,564 | 1.1% |
| Colesville | 30 | $577,500 | $6,091 | 1.1% |
| Forest Glen | 7 | $500,000 | $5,661 | 1.1% |
| Hillandale | 3 | $545,000 | $5,953 | 1.1% |
| Bethesda | 103 | $987,500 | $10,933 | 1.1% |
| Silver Spring | 68 | $529,500 | $6,055 | 1.1% |
| Montgomery Village | 115 | $335,000 | $3,719 | 1.1% |
| Laytonsville | 1 | $708,000 | $8,049 | 1.1% |
| Aspen Hill | 58 | $472,500 | $5,297 | 1.1% |
| Wheaton-Glenmont | 69 | $457,000 | $4,804 | 1.1% |
| Germantown | 136 | $377,500 | $4,084 | 1.1% |
| Boyds | 1 | $570,000 | $5,979 | 1% |
| Cloverly | 11 | $550,000 | $5,692 | 1% |
| Kemp Mill | 19 | $540,000 | $5,504 | 1% |
| Damascus | 29 | $494,700 | $5,098 | 1% |
| North Potomac | 8 | $863,350 | $8,920 | 1% |
| Burtonsville | 12 | $484,500 | $4,870 | 1% |
| Travilah | 9 | $1,520,000 | $14,559 | 1% |
| Olney | 34 | $635,000 | $6,395 | 1% |
| Rossmoor | 36 | $270,000 | $2,480 | 0.9% |
| Clarksburg | 19 | $679,000 | $6,150 | 0.9% |
| Friendship Village | 12 | $382,500 | $3,337 | 0.9% |
| North Kensington | 18 | $677,500 | $5,779 | 0.9% |
| Chevy Chase | 22 | $1,436,250 | $13,181 | 0.9% |
| South Kensington | 15 | $1,250,000 | $9,444 | 0.8% |
| Washington Grove | 2 | $885,000 | $6,255 | 0.7% |
| Garrett Park | 4 | $1,192,500 | $8,302 | 0.7% |
| Dickerson | 4 | $892,000 | $5,172 | 0.6% |
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