Maryland property owners can expect to see an average increase of 12.7% in their property tax assessments for 2026.
According to a report from TheBaynet.com sourced from the Maryland Department of Assessments and Taxation, all 23 counties and Baltimore City will see increases in property values, with 92.7% of Group 2 residential properties experiencing a property tax hike. Maryland has more than two million property accounts divided into three groups, with each being reassessed once every three years. In the latest assessment, residential properties increased an average of 13.2%, while commercial properties rose 11%.
However, state officials insisted increased assessments will not immediately result in higher tax bills, pointing out that any increase in assessed value will be phased in evenly over the next three tax years while decreases will take effect immediately in 2026. Furthermore, increases in taxable assessments for owner-occupied homes in Maryland are generally capped at 10% per year, with some local governments adopting lower limits, and eligible homeowners can apply for the Homestead Tax Credit and the income-based Homeowners’ Property Tax Credit.
