Understanding Your Property Taxes

Propety is a small luxury community in southern Maryland. It is located in the Washington County area of Prince George’s County and is about an hour from my home in Gaithersburg. I have always found that living close to home makes for a more relaxed, peaceful life, and visiting such a small town was a real treat for me as I got to experience first hand the small town atmosphere of Prince George’s County.

As with any other community, there are a variety of residential choices. From single family homes to condos, townhouses and row homes, there is something for every budget and lifestyle. Some people choose their residence based on proximity to public schools, while others look at townhouses or condos as an investment opportunity and enjoy living in the comfort of owning their own place.

One of the best parts of living in Propety is its ability to set its own property tax rate. This means that if your assessed value is higher than the county average, you will not have to pay as much in property taxes. In many communities across Prince George’s County, the assessed value is simply taken from the current value of the land. Because the county traditionally doesn’t tax vacant land, any vacant property is subject to special assessments.

This special assessment is used to help determine a person’s eligibility for property tax exemptions and benefits. In Prince George’s County, this process has always been a fair one, with no special favoritism granted to any one citizen. That is why you never hear of anyone saying, “I’m exempt from property taxes”. Whenever you meet with the assessor at the courthouse, you will be given the chance to ask questions about the process and its impact on you. This will give you an understanding as to what you need to do to properly pay your property taxes.

There are two primary types of Prince George’s County homes: townhouses and condos. Both can be beautiful homes. Townhouses are usually built on more than one level with living areas on the first and/or second levels. Condos, on the other hand, are usually built on one level and connected to each other with hallways and/or outdoor patios. Condos, although often cheaper than townhouses, tend to be a bit harder to sell because of the apparent lack of space.

Unlike many other jurisdictions, Prince George’s County taxes only on the property itself, not on the improvements of the property (such as porches, decks and gazebos). This means that if you wish to make some repairs that will increase the market value of your home, you will not have to pay for them. If you are planning on building additional units on your property, you must pay for them. The exception to this is when townhouses or condos come with attached pools and such, which will require you to pay for that as well as regular property taxes.