The Maryland State Department of Assessments and Taxation (SDAT) announced Thursday that it has completed its 2018 reassessment of “Group 3” properties: 751,677 residential and commercial properties, or one-third of the more than two million real property accounts in the state. SDAT assesses properties once every three years on a rotating schedule.
The “Group 3” properties increased in value by 7.7 percent, on average, since their last assessment in 2015, and 68.9 percent of Group 3 residential properties saw an increase in property value. The 2018 assessments for Group 3 properties were based on an evaluation of 63,322 sales that occurred within the group over the last three years.
Property tax assessment notices will be mailed out to Group 3 property owners on Thursday, December 28, 2017. A map of which properties fall into Groups 1, 2, and 3 and their respective years for reassessment can be viewed here. For additional statistics and information, please visit the Department’s Statistics & Reports webpage.