20861 Property Tax Rate

Property owners in ZIP code 20861 (Ashton, Maryland) pay a median of $9,106/year in property taxes on homes valued at $956,200. This translates to an effective tax rate of 0.95%, which is near the Maryland state average of 0.96%.

The monthly property tax burden for a median-valued home in 20861 is approximately $759, which factors into escrow payments on mortgages. This ZIP code is located within Montgomery County. This is $5,132 more than the Maryland average of $3,974/year.

Compared to similar ZIP codes in Maryland, 20861 has higher property taxes. ZIP codes with similar effective rates include 20764 (0.95%) and 21791 (0.95%).

In Ashton, property taxes represent approximately 5.2% of the median household income of $176,094, 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 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).