20736 Property Tax Rate

Property owners in ZIP code 20736 (Owings, Maryland) pay a median of $4,505/year in property taxes on homes valued at $570,900. This translates to an effective tax rate of 0.79%, which is 18% below the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 20736 is approximately $375, which factors into escrow payments on mortgages. This ZIP code is located within Calvert County. This is $531 more than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 20736 has lower property taxes. ZIP codes with similar effective rates include 21795 (0.79%) and 21114 (0.79%).

In Owings, property taxes represent approximately 2.8% of the median household income of $159,821, 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 Calvert County's tax office. The credit applies automatically to qualifying primary residences but requires proper registration; contact the Calvert 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).