Montgomery County, MD Real Estate Tax Disclosure

In Montgomery County, Maryland, sellers and their agents have quoted the current real estate tax figures when providing information to prospective purchasers.

Now the rules have changed and the county is requiring full disclosure of the estimated real estate taxes for the new owners.

Montgomery County, MD - Disclosure - Property Tax Effective April 1, 2008: Effective April 1, 2008, a new law in Montgomery County, MD is in effect. The purpose of this new law is to provide the buyer of an owner-occupied principal residential property an estimate of the property tax bill (plus non-tax charges included on the bill) in the first full fiscal year of ownership. For more detail regarding this law: http://www.montgomerycountymd.gov/apps/OCP/Tax/Explanation.asp
To assist sellers and buyers and their real estate professionals in Montgomery County, the County’s Office of Consumer Protection, has developed an online “calculator” that determines the approximate property tax and other non-tax charges that a new homeowner would pay on a property during the first full year of ownership. The calculator is located at www.montgomerycountymd.gov/estimatedtax . By entering the address of any residence, the approximate tax obligation of a potential new homeowner is provided.