20758 Property Tax Rate

Property owners in ZIP code 20758 (Friendship, Maryland) pay a median of $4,365/year in property taxes on homes valued at $604,400. This translates to an effective tax rate of 0.72%, which is 25% below the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 20758 is approximately $364, which factors into escrow payments on mortgages. This ZIP code is located within Anne Arundel County. This is $391 more than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 20758 has higher property taxes. ZIP codes with similar effective rates include 21811 (0.72%) and 21861 (0.72%).

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).