20705 Property Tax Rate

Property owners in ZIP code 20705 (Beltsville, Maryland) pay a median of $4,739/year in property taxes on homes valued at $423,000. This translates to an effective tax rate of 1.12%, which is 16% above the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 20705 is approximately $395, which factors into escrow payments on mortgages. This ZIP code is located within Prince George's County. This is $765 more than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 20705 has lower property taxes. ZIP codes with similar effective rates include 20783 (1.12%) and 21208 (1.12%).

In Beltsville, property taxes represent approximately 4.4% of the median household income of $106,691, 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 Prince George's County's tax office. The credit applies automatically to qualifying primary residences but requires proper registration; contact the Prince George's 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).