Baltimore, MD – Property values in Maryland continue to climb, with the latest reassessment by the Maryland Department of Assessments and Taxation (SDAT) showing an overall increase of 20.1% for “Group 1” properties. This group includes 712,782 residential and commercial properties across the state, with updated assessment notices sent out today.
The state evaluates all properties in three groups, reassessing each on a three-year cycle. This year’s report highlights a 21.1% jump in residential property values and a 16.4% rise for commercial properties since the last review.
“This marks the seventh year in a row where every county in Maryland, along with Baltimore City, has seen property values go up,” said Dan Phillips, director of SDAT. “We’re also reminding property owners about tax credits that can help ease the impact of these increases. Our reassessment notices include information about the Homestead Tax Credit and whether it applies to their property.”
Ways Homeowners Can Save
Maryland offers several tax relief programs to help homeowners manage their property tax bills despite rising assessments:
- Homestead Tax Credit: Limits how much a property’s taxable assessment can increase each year for a principal residence. By law, this increase is capped at 10% annually statewide, though many local governments have set lower limits. To qualify, homeowners must submit a one-time application and meet certain requirements.
- Homeowners’ Tax Credit: Designed for households with limited incomes, this program adjusts property tax bills to ensure they don’t exceed a certain percentage of a homeowner’s income.
To learn more about these programs or apply, visit dat.maryland.gov.
Key Findings from the 2025 Reassessment
The latest reassessment reviewed property sales data from the past three years, analyzing 60,761 sales within Group 1. Here are the highlights:
- Most Homes Gained Value: Nearly 97% of Group 1 residential properties saw their values increase.
- Gradual Adjustments for Increases: If your property value went up, the increase will be spread out evenly over the next three years. On the other hand, any decrease will be fully reflected in 2025.
“With rising property values, it’s more important than ever for homeowners to take advantage of tax credits like the Homestead Tax Credit,” said Phillips. “We’re here to help people understand their options.”
What to Do Next
If you’ve received a reassessment notice, take a moment to review the details. Make sure your property is listed as your principal residence, which is a key requirement for many tax credits. If you’re eligible and haven’t applied for the Homestead Tax Credit, now is the time to do so.
For more statistics or detailed information, visit the department’s Statistics & Reports webpage.