When it comes to property tax for some Montgomery County homeowners, there’s good news… and bad news. This year, the Maryland Department of Assessments and Taxation reviewed property values for Silver Spring, Bethesda, Potomac, Wheaton and Olney.
The good news? More than 90% of residential properties grew in value by more than 12%. The bad news? The new value will increase property taxes. The latest valuations were mailed on Dec. 30.
In the county there is a cap of 10% on the amount of increase that will appear on 2026 property bills.
While property values statewide came in at nearly 13%, growth has stalled significantly over the past two years. According to state assessments that number represents a 37% percent fall off from 2024 and 46% from 2023.
The groups are geographic with counties divided into three assessment zones. Every home in Maryland gets a new assessment once every three years. Increases are phased in evenly over the three-year period.
To appeal an assessment or look for relief, residents can apply for a Homeowner’s Property Tax Credit. Caps on property taxes are based on income and must be applied for annually.
For questions about property value assessments, contact the local office.
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