Property Values in Maryland Rose 8.1% According to SDAT’s 2021 Reassessment - Land.Net News
The Maryland Department of Assessments and Taxation (SDAT) recently announced its 2021 reassessment of 759,422 “Group 3” residential and commercial properties. In Maryland, there are more than 2 million property accounts which are split into three groups, each appraised once every three years. The overall statewide increase for “Group 3” properties was 8.1% over the past three years according to SDAT.
The overall statewide increase was slightly lower than 2019’s 8.9% increase. This represents an average increase in value of 7.5% for all residential properties and 9.7% for all commercial properties since the last Group 3 reassessment in 2018.
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