Taxes & Insurance in Chevy Chase
Chevy Chase carries Montgomery County's maximum 2026 local income tax rate, Maryland's own complex state income tax structure, and the same statewide homeowners-insurance picture documented across this dataset.
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Learn moreMontgomery County's maximum local piggyback rate
Montgomery County sits at Maryland's 2026 maximum 3.30% local income tax rate -- layered on the state's own 10-bracket structure reaching 6.5% -- for an approximate combined top marginal rate near 9.8%, a real, material fact for high-income Chevy Chase movers to budget for.
A modest rate, a substantial real dollar bill
Montgomery County's own effective property tax rate runs a comparatively modest 0.89%, but Chevy Chase's home values sit so far above the county median that the real dollar bill on a typical Chevy Chase home runs meaningfully higher than the county's own median reference figure.
Insurance costs below the national average statewide, likely higher here in dollar terms
No Chevy Chase-specific homeowners-insurance premium figure distinct from Maryland's own statewide figures was found this pass -- Maryland insurance runs genuinely below the national average on several measures (see maryland.js), though Chevy Chase's substantially above-average home values likely mean a higher real dollar premium than that statewide figure implies.
Key takeaways
- Montgomery County's 2026 maximum 3.30% local income tax rate applies directly in Chevy Chase.
- A modest 0.89% effective property tax rate still produces a substantial real dollar bill given elevated home values.
- Maryland homeowners insurance runs below the national average statewide, though confirm current, address-specific quotes directly.
- Combined top marginal income tax rate runs an approximate 9.8% for Chevy Chase's highest earners.
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