Published on: Tuesday, February 4, 2025 News

New 2025 Assessed Real Property Values Interactive Map Now Available!

 

Every three years, the Maryland Department of Assessments and Taxation releases real property tax assessments for property in Takoma Park. The current assessments were released on January 1, 2025, and take effect on July 1, 2025 for the 2025 – 2027 triennial cycle.

The City of Takoma Park has developed an interactive map displaying the most recent property tax assessments.

Two factors determine property taxes:
  1.  The total assessed value of the real property (land plus improvements) and;
  2. The property tax rate that is established by each taxing jurisdiction. In Takoma Park, taxing jurisdictions include the State of Maryland, Montgomery County, and the City.

Each taxing jurisdiction sets property tax rates. In Takoma Park, taxing jurisdictions include the State of Maryland, Montgomery County, and the City. Residential and commercial property taxes in the City of Takoma Park are currently $0.5522 per $100 of assessed value. Assessments are based on the fair market value of the property.

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