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Baltimore City Wire

Friday, May 3, 2024

Analysis: Baltimore city County effective property tax rate outpaced the national average in Q4 2022

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Property owners in Baltimore city County paid 1.9% the value of their homes in property taxes in the fourth quarter of 2022 which is more than 1.7 times the national average, according to the real estate analysis posted by the Baltimore City Wire.

The median sales price of a Baltimore city County home in the fourth quarter of 2022 was $135,000, based on data from the 2,285 properties sold during that time. In 2018 the median tax bill for the county was $2,496, which is 1.9% of the median value of the homes that were taxed.

This is 1.7 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Baltimore city County real estate data showed homeowners in Pikesville, Baltimore, and Rosedale paid the highest rates.

The following table compares Pikesville with some other cities belonging to Baltimore city County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2022.

CityQ4 2022 SalesQ4 2022 Median PriceMedian tax 2022Effective tax rate
Pikesville3$102,600$2,7792.7%
Baltimore2,265$135,000$2,8132.1%
Rosedale2$207,500$3,1071.5%
Towson4$222,422$3,0831.4%
Dundalk9$192,100$2,3971.2%

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