20640 Property Tax Rate

Property owners in ZIP code 20640 (Indian Head, Maryland) pay a median of $3,144/year in property taxes on homes valued at $307,900. This translates to an effective tax rate of 1.02%, which is 6% above the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 20640 is approximately $262, which factors into escrow payments on mortgages. This ZIP code is located within Charles County. This is $830 less than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 20640 has lower property taxes. ZIP codes with similar effective rates include 20711 (1.02%) and 21794 (1.02%).

In Indian Head, property taxes represent approximately 3.3% of the median household income of $95,560, providing context for the relative tax burden on homeowners in this area.

Maryland's Homestead Tax Credit caps annual assessment increases at 10% for your primary residence, though your initial purchase-year assessment is unrestricted — file for the credit with Charles County's tax office. The credit applies automatically to qualifying primary residences but requires proper registration; contact the Charles County Assessor to ensure your homestead classification is recorded within 45 days of purchase. Request a copy of your Notice of Assessment and confirm your assessment ratio is correct (owner-occupied property should be assessed on market value, unlike rental property).