Taxes & Insurance in Laurel
Laurel carries Prince George's County's above-average property tax rate and one of Maryland's higher local income tax piggyback rates, layered on the state's own complex income tax structure.
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Learn moreA property tax rate above national and state averages
Prince George's County's effective property tax rate (1.12%-1.20%) runs above both the national median and Maryland's own 0.95%-1.04% statewide average -- a real, disclosed fact this record does not soften.
One of Maryland's higher local income tax rates
Prince George's County's 3.20% local piggyback income tax rate sits among Maryland's higher county rates, layered on the state's own 10-bracket structure reaching 6.5% -- an approximate combined top marginal rate near 9.7%.
Rising statewide insurance costs, with a real riverine flood consideration
No Laurel-specific homeowners-insurance premium figure distinct from Maryland's own statewide figures was found this pass -- Maryland insurance runs generally below the national average, though Laurel's direct location on the Patuxent River could meaningfully affect quotes for waterway-adjacent properties specifically.
Key takeaways
- Prince George's County's 1.12%-1.20% effective property tax rate runs above both national and Maryland statewide averages.
- Prince George's County's 3.20% local income tax rate sits among Maryland's higher county rates.
- Maryland statewide homeowners insurance runs generally below the national average, with a real, distinct flood consideration on the Patuxent River.
- Confirm current, address-specific tax and insurance figures directly for a target property.
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