Real property in Maryland is assessed at 100% of fair market value, as determined by the Assessment Office.
The Charles County tax rate is $1.158 per $100.00 of assessment. The tax year is July 1 thru June 30th.
Taxes are calculated by multiplying the current tax rate by the assessed value and dividing by 100. This gives you the yearly amount due. Taxes can be paid yearly or semi-annually. If paid semi-annually, a small processing fee is added.
If you do not know the assessed value or it is new construction, here is what you do. Take the sales price and multiply it by the tax rate (Charles County's is $1.158). Take that figure and divide by 100. |
