20724 Property Tax Rate
Laurel, Maryland · Part of Anne Arundel County
Effective Tax Rate
0.89%
12.3% below state avgMedian Annual Tax
$3,487
$291/mo escrow
Estimate Your Tax
Annual Tax
$3,487
Monthly
$291
Eff. Rate
0.89%
Buyer decision brief
What ZIP 20724 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$291/mo
Based on median annual tax paid
State context
0.07 percentage points below the Maryland average
Maryland average: 0.96%
Data confidence
High confidenceThe Census margin of error is $251, about 7% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Anne Arundel County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 20724 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$251 tax MOE, 7% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Anne Arundel County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 20724
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $392,500, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.89%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Maryland and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $291 per month before insurance, HOA dues, or special assessments.
Assessor verification
Anne Arundel County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 20724 Compares
Median Annual Property Tax
ZIP 20724
0.89%
Effective rate
Maryland Avg
0.96%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Maryland
Lower than 62% of ZIP codes in Maryland(38th percentile, 423 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 20724
Property owners in ZIP code 20724 (Laurel, Maryland) pay a median of $3,487/year in property taxes on homes valued at $392,500. This translates to an effective tax rate of 0.89%, which is 8% below the Maryland state average of 0.96%.
The monthly property tax burden for a median-valued home in 20724 is approximately $291, which factors into escrow payments on mortgages. This ZIP code is located within Anne Arundel County. This is $487 less than the Maryland average of $3,974/year.
Compared to similar ZIP codes in Maryland, 20724 has higher property taxes. ZIP codes with similar effective rates include 21082 (0.89%) and 20639 (0.89%).
In Laurel, property taxes represent approximately 3.2% of the median household income of $109,530, 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 Anne Arundel County's tax office. The credit applies automatically to qualifying primary residences but requires proper registration; contact the Anne Arundel 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).
Frequently Asked Questions
What is the property tax rate in ZIP code 20724?
How much are property taxes in Laurel, MD (20724)?
How does ZIP 20724 compare to the Maryland average?
What is the median home value in ZIP 20724?
What county is ZIP code 20724 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$251. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 20724 is part of Anne Arundel County, Maryland. View the full county profile for broader context and more data.
View Anne Arundel County on TaxByCounty →Explore Laurel, MD
View all 4 ZIP codes in Laurel with property tax comparisons.
View Laurel Property Tax Rates →Why compare these ZIPs?
Better comparison set for ZIP 20724
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
20707
Laurel, MD
$18,700 higher median home value than ZIP 20724.
Rate
1.21%
Tax
$4,958
Quality
89
20708
Laurel, MD
$39,000 higher median home value than ZIP 20724.
Rate
1.15%
Tax
$4,957
Quality
89
20723
Laurel, MD
$115,500 higher median home value than ZIP 20724.
Rate
1.20%
Tax
$6,080
Quality
89
21056
Gibson Island, MD
0.39 percentage points lower than ZIP 20724.
Rate
0.50%
Tax
$10,001
Quality
75
20758
Friendship, MD
0.17 percentage points lower than ZIP 20724.
Rate
0.72%
Tax
$4,365
Quality
81
21032
Crownsville, MD
0.14 percentage points lower than ZIP 20724.
Rate
0.75%
Tax
$4,812
Quality
89
20779
Tracys Landing, MD
0.12 percentage points lower than ZIP 20724.
Rate
0.77%
Tax
$3,915
Quality
84
21012
Arnold, MD
0.11 percentage points lower than ZIP 20724.
Rate
0.77%
Tax
$4,269
Quality
89
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.