The median sales price of a Montgomery County home in the fourth quarter of 2023 was $531,750, based on data from the 2,052 properties sold during that time. In 2023, the median tax bill for the county was $5,806, which is 1.1% of the median value of the homes that were taxed.
This is 1 time 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 Forest Glen, Brookeville, and Laytonsville paid the highest rates.
The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2020 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.
The following table compares Forest Glen 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 2023.
| City | Q4 2023 Sales | Q4 2023 Median Price | Median tax 2023 | Effective tax rate |
|---|---|---|---|---|
| Forest Glen | 12 | $276,750 | $5,661 | 2% |
| Brookeville | 4 | $492,500 | $8,850 | 1.8% |
| Laytonsville | 5 | $550,000 | $8,049 | 1.5% |
| Rockville | 112 | $564,500 | $7,488 | 1.3% |
| South Kensington | 23 | $755,000 | $9,444 | 1.3% |
| Ashton-Sandy Spring | 7 | $565,000 | $7,469 | 1.3% |
| Takoma Park | 29 | $750,000 | $9,692 | 1.3% |
| North Bethesda | 120 | $468,750 | $5,640 | 1.2% |
| Calverton | 20 | $404,500 | $4,705 | 1.2% |
| Darnestown | 6 | $782,500 | $9,408 | 1.2% |
| North Potomac | 30 | $765,000 | $8,920 | 1.2% |
| Burtonsville | 6 | $404,250 | $4,870 | 1.2% |
| Cloverly | 18 | $513,500 | $5,692 | 1.1% |
| North Kensington | 17 | $545,000 | $5,779 | 1.1% |
| Germantown | 201 | $380,000 | $4,084 | 1.1% |
| Gaithersburg | 136 | $503,500 | $5,510 | 1.1% |
| Derwood | 32 | $612,500 | $5,974 | 1% |
| Dickerson | 4 | $522,500 | $5,172 | 1% |
| Rossmoor | 48 | $249,500 | $2,480 | 1% |
| Kemp Mill | 24 | $577,500 | $5,504 | 1% |
| Clarksburg | 18 | $619,000 | $6,150 | 1% |
| Damascus | 35 | $512,000 | $5,098 | 1% |
| White Oak | 26 | $533,000 | $5,411 | 1% |
| Silver Spring | 109 | $626,000 | $6,055 | 1% |
| Chevy Chase | 26 | $1,320,000 | $13,181 | 1% |
| Montgomery Village | 170 | $355,000 | $3,719 | 1% |
| Garrett Park | 6 | $840,000 | $8,302 | 1% |
| Olney | 70 | $625,000 | $6,395 | 1% |
| Wheaton-Glenmont | 105 | $485,000 | $4,804 | 1% |
| Potomac | 96 | $1,182,000 | $10,564 | 0.9% |
| Poolesville | 13 | $595,995 | $5,393 | 0.9% |
| Fairland | 37 | $417,000 | $3,917 | 0.9% |
| Colesville | 40 | $644,500 | $6,091 | 0.9% |
| Hillandale | 3 | $645,000 | $5,953 | 0.9% |
| Bethesda | 169 | $1,200,000 | $10,933 | 0.9% |
| Travilah | 21 | $1,534,000 | $14,559 | 0.9% |
| Aspen Hill | 86 | $565,000 | $5,297 | 0.9% |
| Cabin John | 2 | $1,195,000 | $10,653 | 0.9% |
| Boyds | 3 | $728,100 | $5,979 | 0.8% |
| Friendship Village | 18 | $550,000 | $3,337 | 0.6% |
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