20860 Property Tax Rate

Property owners in ZIP code 20860 (Sandy Spring, Maryland) pay a median of $6,745/year in property taxes on homes valued at $665,000. This translates to an effective tax rate of 1.01%, which is 5% above the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 20860 is approximately $562, which factors into escrow payments on mortgages. This ZIP code is located within Montgomery County. This is $2,771 more than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 20860 has lower property taxes. ZIP codes with similar effective rates include 21750 (1.01%) and 20603 (1.02%).

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 Montgomery County's tax office. The credit applies automatically to qualifying primary residences but requires proper registration; contact the Montgomery 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).