Maryland Mortgage Calculator
Calculate your monthly payment in Maryland, with property tax included using the state's effective rate of 0.97%. See your full amortization schedule and analyze your loan structure.
Pick a state to use its property tax rate. With a keyboard, use the arrow keys and press Enter.
Estimated Monthly Payment
Estimates only. Does not include homeowners insurance, mortgage insurance (PMI), or HOA fees. Property tax uses the state's average effective rate and your actual bill may differ.
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
Property tax in Maryland: the numbers
Maryland lands near the national average on property tax. The effective rate is 0.97%, against 0.92% nationally, which is 5% above. The state ranks 22nd out of 50 when states are ordered from highest rate to lowest.
Looking at the median home in Maryland ($419,900), the median annual property tax is $4,093. Divided by twelve, that is about $341 each month.
| Effective property tax rate | 0.97% |
|---|---|
| Median home value | $419,900 |
| Median annual property tax | $4,093 |
| Rank by rate (1 = highest of 50) | 22 |
| Difference vs 0.92% national average | 0.05 points above (5% above) |
What this means for your monthly payment
Two worked examples for Maryland, using the figures above:
Example 1: the median home
$4,093 per year ÷ 12 = about $341 per month in property tax (median home value: $419,900).
Example 2: a $300,000 home
$300,000 × 0.97% ÷ 12 = about $243 per month, or $2,910 per year.
At the 0.92% national average rate, a $300,000 home would have about $2,760 in property tax per year. In Maryland it is about $2,910, which is $150 more per year (about $13 more per month).
Compare with similar states
States ranked just above and just below Maryland by effective property tax rate (1 = highest). States with the same rate are ordered by median annual tax.
Ranked just above (higher rate)
- Massachusetts — 1.07% (rank 17)
- South Dakota — 1.06% (rank 18)
- Minnesota — 1.02% (rank 19)
- Maine — 1.02% (rank 19)
- North Dakota — 0.99% (rank 21)
Ranked just below (lower rate)
- Missouri — 0.85% (rank 23)
- Washington — 0.81% (rank 24)
- Oregon — 0.81% (rank 24)
- Oklahoma — 0.80% (rank 26)
- Georgia — 0.77% (rank 27)
Maryland property tax FAQ
What is the property tax rate in Maryland?
The effective property tax rate in Maryland is 0.97%. That is 5% above the 0.92% national average, and the state ranks 22nd out of 50 when states are ordered from highest rate to lowest.
How much is property tax on a $300,000 home in Maryland?
At Maryland's effective rate of 0.97%, property tax on a $300,000 home works out to about $2,910 per year, or about $243 per month. At the 0.92% national average, the same home would be about $2,760 per year, so Maryland is about $150 more per year.
How much is property tax on the median home in Maryland?
The median home value in Maryland is $419,900, and the median annual property tax is $4,093, which is about $341 per month.
Does the property tax rate vary inside Maryland?
Yes. Property taxes are set locally, so actual bills depend on your county, city, and exemptions. The 0.97% figure is a state-level estimate based on medians, not a rate that applies to every home.
Figures are estimates based on Census data and are not tax or financial advice. Actual bills depend on your local rates, assessed value and exemptions.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, as compiled by PropertyShark and PropertyTaxByState.